Sbd works (ncb)

IN WITNESS WHEREOF, the Parties hereto have caused this Contract to be signed in their respective names as of the day and year first above written.

SIGNED for and on behalf of [insert name of Public Body]	WITNESS to signature on behalf of [insert name of Public Body]
Signature:	Signature:
Name: [insert name of Authorized Representative]	Name: [insert name of Witness]
Position:	Position:
Date: [insert date]	Date: [insert date]

SIGNED for and on behalf of [insert name of the Contractor]	WITNESS to signature on behalf of [insert name of the Contractor]
Signature:	Signature:
Name: [insert name of Authorized Representative]	Name: [insert name of Witness]
Position:	Position:
Date: [insert date]	Date: [insert date]

11. 
    Performance Security
    

(Bank Guarantee)


Date: [insert date (as day, month, and year) of Bid Submission]
Procurement Reference No: [insert Procurement Reference No.]


To: [insert complete name of Public Body]

WHEREAS [insert complete name of Contractor] (hereinafter “the Contractor”) has undertaken, pursuant to Contract No. [insert number] dated [insert day and month], [insert year] to supply [brief description of the Works] (hereinafter “the Contract”).

AND WHEREAS it has been stipulated by you in the aforementioned Contract that the Contractor shall furnish you with a security [insert type of security] issued by a reputable guarantor for the sum specified therein as security for compliance with the Contractor’s performance obligations in accordance with the Contract.
AND WHEREAS the undersigned [insert complete name of Guarantor], legally domiciled in [insert complete address of Guarantor], (hereinafter the” Guarantor”), have agreed to give the Contractor a security:
THEREFORE WE hereby affirm that we are Guarantors and responsible to you, on behalf of the Contractor, up to a total of [insert currency and amount of guarantee in words and figures] and we undertake to pay you, upon your first written demand declaring the Contractor to be in default under the Contract, without cavil or argument, any sum or sums within the limits of [insert currency and amount of guarantee in words and figures] as aforesaid, without your needing to prove or to show grounds or reasons for your demand or the sum specified therein.
This security is valid until the [insert number] day of [insert month], [insert year].

This guarantee is subject to the Uniform Rules for Demand Guarantees, ICC Publication No 458.

Name: [insert complete name of person signing the Security]

In the capacity of [insert legal capacity of person signing the Security]

Signed: [insert signature of person whose name and capacity are shown above]

Duly authorized to sign the Security for and on behalf of: [insert complete name of Contractor]

Dated on ____________ day of __________________, _______ [insert date of signing]

12. 
    Advance Payment Security