Sbd works (ncb)

(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]

In accordance with the payment provision included in the Contract, in relation to advance payments, [insert complete name of Contractor] (hereinafter called “the Contractor”) shall deposit with the Public Body a security consisting of [indicate type of security], to guarantee its proper and faithful performance of the obligations imposed by said Clause of the Contract, in the amount of [insert currency and amount of guarantee in words and figures].

We, the undersigned [insert complete name of Guarantor], legally domiciled in [insert full address of Guarantor] (hereinafter “the Guarantor”), as instructed by the Contractor, agree unconditionally and irrevocably to guarantee as primary obligor and not as surety merely, the payment to the Public Body on its first demand without whatsoever right of objection on our part and without its first claim to the Contractor, in the amount not exceeding [insert currency and amount of guarantee in words and figures].

This security shall remain valid and in full effect from the date of the advance payment received by the Contractor under the Contract until [insert day and month], [insert year].

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]

1 One signed original Bid Submission Form must be supplied together with the number of copies specified in the Instruction to Bidders.

2 Country in which the legal entity is registered.

3 Add/delete additional lines for members as appropriate. Note that a subcontractor is not considered to be a member for the purposes of this bidding procedure. If this Bid is being submitted by an individual Bidder, the name of the Bidder should be entered as "leader" and all other lines should be deleted.

4 One signed original Bidder Certification of Compliance Form must be supplied together with the number of copies specified in the Instruction to Bidders. If this bid is being submitted by a joint venture/consortium, the data in the tables below must be the sum of the data provided by the joint venture/consortium members.