Bank Guarantee Format for Mobilisation advance

Sample Template Example of a Professional Bank Guarantee Format for Mobilisation Advance in Word / Doc / Pdf Free Download



The President of India
Represented through
The Director General, Married Accommodation Project
H-in-F’s Branch, Army HQ
Pitambar House, Jan Marg
Chandigarh – 160019

C.A No. ___________________________________CONSTRUCTION OF __________________________________________________________________________ __________________________________________________________________________.

1.         In accordance with provisions of Condition 24 of Special Conditions of Contract (Mobilisation Advance against non-revocable Bank Guarantee) of the above mentioned contract, _____________________________________________________________________________________________________________________ (name & address of the contractor) (hereinafter called “the contractor”) shall deposit with The Director General Married Accommodation Project, New Delhi, a Bank Guarantee to guarantee his proper and faithful performance under the said clause of the contract in an amount of Rs. _________________________ (Rupees _____________________________________ only).

2.         We, ____________________________ (name of bank), as instructed by the contractor agree unconditionally and irrevocably to guarantee as primary obligatory and not as Surety merely the payment to The DIRECTOR GENERAL MARRIED ACCOMMODATION PROJECT, Chandigarh on his first demand without whatsoever right of objection on our part and without his first claim to the contractor, in the amount not exceeding. Rs. _________________________ (Rupees _____________________________________ only).

3.         We further agree that no change or addition to or other modification of the terms of contract or of works to be performed thereunder or of any of the contract document which may be made between The Director General Married Accommodation Project, Chandigarh and the Contractor shall in any way release us from any liability under this guarantee and we hereby waive notice of such change, addition or modification.

4.         Our main / branch office located at _____________ Chandigarh undertake to confirm genuineness of the guarantee and that invoked amount, if any, under this guarantee will be paid within 24 hrs of receipt of demand letter from DG (MAP) without referring the matter to the original issuing Bank.

5.         The guarantee shall remain valid and in full effect from the date of the advance payment under the contract until The Director General Married Accommodation Project, Chandigarh receives full payment of the same amount from the Contractor.

Yours truly
Signature and Seal __________________
Name of Bank ______________________
Address ___________________________
Date ______________________________


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