The Bank Guarantee For Tender Security is a crucial document in Pakistan's procurement and contracting landscape, required when participating in significant tenders or bids. It serves as a risk mitigation tool for organizations issuing tenders, ensuring that only serious bidders participate and that they will honor their commitments if successful. The guarantee typically amounts to 2-5% of the tender value and remains valid throughout the tender evaluation period. This document, governed by Pakistani law including the Contract Act 1872 and Banking Companies Ordinance 1962, can be issued by both conventional and Islamic banks. It must include specific details about the tender, parties involved, guarantee amount, validity period, and conditions for enforcement. The document is particularly important in public sector procurement, where it's often mandated by the Public Procurement Regulatory Authority (PPRA) rules.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Bank Letter Head and Reference Number: Official bank letterhead with unique reference number for the guarantee
2. Date and Place: Date of issuance and location of the issuing bank branch
3. Beneficiary Details: Full name and address of the organization issuing the tender
4. Tender Reference: Specific reference to the tender number and title
5. Guarantee Declaration: Formal declaration of the bank's guarantee commitment
6. Principal Details: Details of the tenderer/bidder on whose behalf the guarantee is issued
7. Guarantee Amount: The specific amount of the guarantee in figures and words
8. Validity Period: Clear specification of the guarantee's start and end dates
9. Enforcement Terms: Conditions under which the guarantee can be called upon
10. Bank's Undertaking: Specific commitments and obligations of the bank
11. Claim Process: Procedure for making a claim under the guarantee
12. Expiry Clause: Terms regarding the expiry and return of the guarantee
1. Shariah Compliance Declaration: Required when the guarantee is issued under Islamic banking principles
2. Counter Guarantee Reference: Required when the guarantee is backed by another bank's counter guarantee
3. Governing Law Choice: Specific choice of law clause when dealing with international tenders
4. Language Preference: Required when the guarantee needs to be bilingual or in a specific language
5. Special Tender Conditions: Any specific conditions required by the tender issuer
6. Extension Clause: Terms for extending the guarantee period if required by the beneficiary
1. Schedule A - Tender Details: Detailed description of the tender project and requirements
2. Schedule B - Claim Format: Prescribed format for submitting a claim under the guarantee
3. Schedule C - Supporting Documents: List of documents submitted by the principal for the tender
4. Appendix 1 - Bank Authorization: Internal bank approvals and authorized signatory details
5. Appendix 2 - Principal's Request: Copy of the principal's application for the bank guarantee
Relevant legal definitions
Beneficiary
Principal
Guarantor
Tender
Bid
Tender Security Amount
Guarantee Period
Expiry Date
Demand
Banking Day
Default
Force Majeure
Claim
Tender Documents
Letter of Award
Contract
Applicable Law
Authorized Representative
Bid Submission Date
Tender Opening Date
Validity Period
Security
Written Demand
Counter Guarantee
Original Guarantee
Business Hours
Place of Presentation
Governing Law
Jurisdiction
Principal
Guarantor
Tender
Bid
Tender Security Amount
Guarantee Period
Expiry Date
Demand
Banking Day
Default
Force Majeure
Claim
Tender Documents
Letter of Award
Contract
Applicable Law
Authorized Representative
Bid Submission Date
Tender Opening Date
Validity Period
Security
Written Demand
Counter Guarantee
Original Guarantee
Business Hours
Place of Presentation
Governing Law
Jurisdiction
Clauses
Guarantee
Payment Obligation
Enforcement
Expiry
Assignment
Validity
Claims Procedure
Notice Requirements
Jurisdiction
Governing Law
Amendment
Force Majeure
Counterparts
Stamp Duty
Bank's Rights
Beneficiary's Rights
Principal's Obligations
Demand Requirements
Time Limitations
Document Presentation
Dispute Resolution
Regulatory Compliance
Islamic Banking Compliance
Language
Severability
Payment Obligation
Enforcement
Expiry
Assignment
Validity
Claims Procedure
Notice Requirements
Jurisdiction
Governing Law
Amendment
Force Majeure
Counterparts
Stamp Duty
Bank's Rights
Beneficiary's Rights
Principal's Obligations
Demand Requirements
Time Limitations
Document Presentation
Dispute Resolution
Regulatory Compliance
Islamic Banking Compliance
Language
Severability
Relevant Industries
Banking and Financial Services
Construction and Infrastructure
Government and Public Sector
Energy and Utilities
Defense
Telecommunications
Manufacturing
Transportation
Healthcare
Education
Relevant Teams
Legal
Procurement
Finance
Treasury
Risk Management
Compliance
Commercial
Business Development
Project Management
Operations
Relevant Roles
Procurement Manager
Bank Branch Manager
Legal Counsel
Contract Administrator
Tender Manager
Bid Manager
Treasury Manager
Financial Controller
Project Manager
Commercial Director
Risk Manager
Compliance Officer
Company Secretary
Chief Financial Officer
Business Development Manager
Find the exact document you need
Performance Bank Guarantee Charges
A Pakistani banking document specifying the fee structure and charges applicable to Performance Bank Guarantees under Pakistani law.
find out more
Bank Guarantee Construction Project
A Pakistani law-governed bank guarantee document securing contractor obligations in construction projects, issued by a bank to protect project owner interests.
find out more
Letter To Bank For Bank Guarantee
A formal request letter to a Pakistani bank for issuing a bank guarantee, outlining the guarantee details and security offered under Pakistani banking regulations.
find out more
Deferred Payment Bank Guarantee
A Pakistani law-governed bank guarantee document where a bank guarantees deferred payment obligations of a debtor to a beneficiary.
find out more
Mobilisation Advance Bank Guarantee
A bank guarantee under Pakistani law securing the repayment of advance payments made to contractors for project mobilisation.
find out more
Indemnity Bond For Bank Guarantee
A Pakistani legal document where an indemnifier commits to protecting a bank against losses arising from a bank guarantee issuance, governed by Pakistani banking and contract laws.
find out more
Bank Guarantee Letter For Tender
A financial instrument under Pakistani law where a bank guarantees payment to a tender issuer if a bidder defaults on their tender obligations.
find out more
Labour Bank Guarantee
A Pakistani banking instrument where a bank guarantees an employer's financial obligations towards its workers under Pakistani labor laws.
find out more
International Bank Guarantee
A Pakistani law-governed bank guarantee providing financial security in international transactions, incorporating local banking regulations and international standards.
find out more
Business Loan Guarantee
A Pakistani law-governed agreement where a guarantor secures a borrower's business loan obligations to a lender, establishing terms and conditions of the guarantee relationship.
find out more
Cheque Guarantee Letter
A bank-issued guarantee document under Pakistani law ensuring payment of specified cheque(s) to the beneficiary.
find out more
Bank Guarantee For Purchase Of Goods
A Pakistani law-governed bank guarantee document securing payment for goods purchase, issued by a bank to protect the seller against buyer's default.
find out more
Government Backed Bank Guarantee
A Pakistani law-governed financial instrument providing a bank guarantee backed by government sovereign support, ensuring payment to beneficiaries under specified conditions.
find out more
Bank Guarantee In International Trade
A bank-issued guarantee document under Pakistani law that secures payment or performance obligations in international trade transactions.
find out more
Guarantee Letter For Bank Loan
A legally binding document under Pakistani law where a guarantor commits to assuming responsibility for a borrower's loan obligations in case of default.
find out more
Return Of Original Bank Guarantee
A formal document under Pakistani law facilitating the return of an original bank guarantee to its applicant upon fulfillment of obligations or guarantee expiry.
find out more
Bank Guarantee Line
A Pakistani law-governed agreement establishing a bank guarantee facility, setting out terms for guarantee issuance, security arrangements, and regulatory compliance.
find out more
Guarantee Cheque Against Advance Payment
A Pakistani legal document providing security through a guarantee cheque against advance payments made in commercial transactions, governed by Pakistani banking and commercial laws.
find out more
Discharge Of Bank Guarantee
A Pakistani law-compliant document that formally releases a bank from its obligations under a previously issued bank guarantee, providing legal finality to the guarantee arrangement.
find out more
Corporate Guarantee And Bank Guarantee
A dual-purpose guarantee template for corporate and bank guarantees under Pakistani law, establishing terms for financial security and enforcement mechanisms.
find out more
Bank Loan Personal Guarantee
A Pakistani law-governed personal guarantee agreement securing bank loan obligations, establishing guarantor liability under local banking and contract laws.
find out more
Bank Guarantee And Performance Guarantee
A Pakistani law-governed bank and performance guarantee document providing financial security for contractual obligations between parties, backed by a bank's assurance of payment.
find out more
Bank Guarantee For Tender Security
A Pakistani law-governed bank guarantee providing financial security to tender issuers against bidder's non-performance or withdrawal of bid.
find out more
Bank Guarantee And Lc
Pakistani law-compliant Bank Guarantee and LC template, incorporating both conventional and Islamic banking requirements under local banking regulations.
find out more
Performance Security Bank Guarantee
A bank-issued guarantee under Pakistani law that secures the performance obligations of a contractor/supplier, providing financial protection to the project owner/employer.
find out more
Personal Banker's Guarantee
A bank-issued guarantee document under Pakistani law that provides financial security by ensuring payment to a beneficiary if a principal debtor defaults on their obligations.
find out more
Guarantor Letter For Bank Loan
A legally binding document under Pakistani law where a guarantor commits to repay a borrower's bank loan in case of default.
find out more
Bank Guarantor Letter
A formal bank undertaking governed by Pakistani law to pay a specified sum to a beneficiary upon the principal obligor's default or non-performance.
find out more
Bank Account Guarantee
A Pakistani law-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon the principal's default of obligations.
find out more
Bank Account Government Guarantee
A Pakistani law-governed guarantee document where the Government of Pakistan provides security for designated bank accounts, ensuring fund availability and transaction security.
find out more
Performance Guarantee In Tender
A bank-issued financial security instrument under Pakistani law that guarantees a bidder's performance obligations in a tender process.
find out more
Assurance Of Support Bank Guarantee
A bank-issued financial guarantee document under Pakistani law that ensures specified obligations will be met through bank support if the primary obligor defaults.
find out more
Authorization Letter To Collect Bank Guarantee
A formal Pakistani legal document authorizing a designated person to collect a bank guarantee on behalf of the authorizer, compliant with local banking regulations.
find out more
Performance Bank Guarantee In Tender
A Pakistani law-governed bank guarantee ensuring a tenderer's performance obligations in a tender process, issued by a bank to protect the procuring agency's interests.
find out more
Corporate Guarantee For Bank Loan
A Pakistani law-governed guarantee agreement where a corporate entity guarantees a borrower's loan obligations to a bank, serving as additional security for the lender.
find out more
Bid Security Bank Guarantee
A bank-issued financial guarantee under Pakistani law that secures a bidder's obligations in a tender process, protecting the procuring entity against bid withdrawal or non-performance.
find out more
Bank Guarantee For Deposit
A Pakistani law-compliant bank guarantee document where a bank guarantees payment of a specified deposit amount to a beneficiary on behalf of a principal debtor.
find out more
Surety Bond Bank Guarantee
A Pakistani law-governed bank guarantee where a bank assures payment or performance on behalf of a principal debtor to a beneficiary.
find out more
Bank To Bank Guarantee
A legally binding guarantee agreement between two banks under Pakistani law, where one bank guarantees specified financial obligations to another bank.
find out more
Bank Surety Letter
A Pakistani law-compliant banking instrument where a bank guarantees payment to a beneficiary if a principal debtor defaults on their obligations.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)