Performance Guarantee Format in Word

Sample Template Example of a Professional Performance Guarantee Letter Format / Certificate Format a On Non - Judicial Stamp Paper for Contract / Government   Tenders / Railway Tenders in Word / Doc / Pdf Free Download

APPENDIX 'B'

PERFORMANCE GUARANTEE (ON NON-JUDICIAL STAMP PAPER OF APPROPRIATE VALUE) TO BE EXECUTED BY CONTRACTORS FOR REMOVAL OF DEFECTS AFTER COMPLETION IN RESPECT OF RECONSTRUCTIONAL ANTI-TERMITE TREATMENT

ARTICLES OF AGREEMENT made at Mumbai, this ……………………….day of ……………………….. Five thousand & ………………………………………….. " ...........................  between Director General, Married Accommodation Projects, having its office at Kashmir House, Mumbai -410025 hereinafter referred to as the "Accepting Officer" of the part and Messrs ........................................... …………………. a firm registered under the companies Act of 1956 and having their registered office at ……………………………. …………………………………………………. here inafter referred to as the "Guarantor" (which expression shall mean and include the partners or partner for the time being of the firm .and their or his respective heirs, executors and administrations/its successors and assigns in law) in the other part.

WHEREAS THIS AGREEMENT is supplementary to the Contract (hereinafter called the 'said contract') between the Accepting Officer and Messrs ……………………………………………………………………… hereinafter called the 'Contractor'), whereby the contractor inter-alia, undertook to render the building and structures, in the said contract, safe from termite proof and completely termite proof.

AND WHEREAS THE GUARANTOR agreed to give a guarantee to the effect that the said structures will remain termite proof for ten years from the date of completion of work as certified by the PM.

AND WHEREAS contractors has furnished a Guarantee Bearing No _____________________ for Rs _____________________.

NOW THE GUARANTOR hereby guarantees 'that termite proofing treatment given by him will render the structures completely termite proof and the minimum life of such termite proofing treatment shall be ten years to be reckoned from the date of completion of work as certified by PM.

Provided that the guarantor will not be responsible for termite infestation caused by earthquake or structural defects or misuse or alteration:

The decision of the Accepting Officer with regard to cause of termite infestation shall be final.

During this period of guarantee the guarantor shall make good all defects and in case of any defect being found, render the building termite proof to the satisfaction of the PM at his own cost and shall commence the work for such rectification within seven days from the date of issue of the notice from the Govt calling upon him to rectify the defects falling which the work shall be got done by the department by some other contractor at the Guarantor's cost and risk. The decision of the Accepting Officer as to the cost, payable by the Guarantor shall be final and binding.

Contd/----

APPENDIX 'B' (Contd/----)

That if the guarantor fails to make good defects or commits breach thereunder then the guarantor will indemnify the Accepting Officer and his successors against all loss, damage, cost, expense or otherwise which may be incurred by him by reason of any default on the part of the GUARANTOR in performance and observance of this supplementary agreement. As to the amount of loss and/or damage and/or cost incurred by the Accepting Officer the decision of the Accepting Officer will be final and binding on the parties.

Signature of Guarantor

Signature of Accepting Officer

Witness 1.                                                                              

Witness 2.

 Witness 1.

Witness 2.

            Contractor                                           DEPMC                                   Accepting Officer