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TENDER NO. AC12C24007
Appendix -13
Proforma of Electronic Bank Guarantee (e-BG) towards Bid Security
BID BOND
Ref. No.................... Bank Guarantee No………..........
Dated ..………………..................
To,
Oil & Natural Gas Corporation Ltd.
Engineering Services, Ankleshwar asset,
ONGC Ankleshwar.
Dear Sirs,
1. Whereas Oil & Natural Gas Corporation Ltd. incorporated under the Companies Act, 1956,
having its registered office at Pandit Deen Dayal Upadhyaya Urja Bhawan, 5 Nelson Mendela
Marg, Vasant Kunj, New Delhi - 110070 - India and one of its offices at Ankleshwar (hereinafter
called `ONGC' which expression shall unless repugnant to the context or meaning thereof include
all its successors, administrators, executors and assignees) has floated a Tender No.
and M/s
having Head/Registered office at
(hereinafter called the 'Bidder' which expression shall unless repugnant to the context or
meaning thereof mean and include all its successors, administrators, executors and permitted
assignees)have submitted a bid Reference No........................ and Bidder having agreed to
furnish as a condition precedent for participation in the said tender an unconditional and
irrevocable Bank Guarantee of Indian Rupees/US Dollars (in figures) (Indian Rupees / US Dollars (in
words) only) for the due performance of Bidder's obligations as contained in the
terms of the Notice Inviting Tender (NIT) and other terms and conditions contained in the Bidding
documents supplied by ONGC which amount is liable to be forfeited on the happening of any
contingencies mentioned in said documents.
2. We (name of the bank) registered under the laws of having
head/registered office at (hereinafter referred to as "the Bank" which expression shall, unless
repugnant to the context or meaning thereof, include all its successors, administrators, executors
and permitted assignees) guarantee and undertake to pay immediately on first demand by ONGC,
the amount of Indian Rs. (in figures) (Indian
Rupees (in words) only) in aggregate at any time without any demur and
recourse, and without ONGC having to substantiate the demand. Any such demand made by ONGC
shall be conclusive and binding on the Bank irrespective of any dispute or difference raised by the
Bidder.
3. The Bank confirms that this guarantee has been issued with observance of appropriate laws of
the country of issue.
4. The Bank also agree that this guarantee shall be irrevocable and governed and construed in
accordance with Indian Laws and subject to exclusive jurisdiction of Indian Courts of the place
from where tenders have been invited.
5. This guarantee shall be irrevocable and shall remain in force upto
which includes thirty days after the period of bid validity and any demand in respect thereof
should reach the Bank not later than (Indicate date of expiry of claim period which
includes minimum one month period from the date of expiry of this bank guarantee).
6 Notwithstanding anything contained hereinabove, our liability under this Guarantee is limited
to Indian Rs. (in figures) (Indian Rupees (in words) only) and our
guarantee shall remain in force until (indicate the date of expiry of bank guarantee) .
All Claims of ONGC (beneficiary) against this Bank Guarantee, shall be remitted by the
………………………..…………..(Bank’s name to be inserted) to the following account of ONGC only
through electronic transfer of funds, unless otherwise specifically communicated by ONGC:
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TENDER NO. AC12C24007
Beneficiary Account Name: Oil and Natural Gas Corporation Limited
Bank Name : State Bank of India
Branch : ONGC Ankleshwar
Branch Code : 002675
Bank Account No. : 10210868032
IFSC Code : SBIN0002675
Any claim under this Guarantee must be received by us on or before (Indicate date of expiry of
claim period which includes minimum one month period from the date of expiry of this bank
guarantee). If no such claim has been received by us by the said date, the rights of ONGC under this
Guarantee will cease. However, if such a claim has been received by us within the said date, all
the rights of ONGC under this Guarantee shall be valid and shall not cease until we have satisfied
that claim.
In witness whereof, the Bank, through its authorised officer, has set its hand and stamp on this ........
day of ........... at .....................
WITNESS NO. 1
(Signature) (Signature)
Full name and official Full name, designation and
address (in legible letters) official address (in
legible letters) with Bank stamp.
Attorney as per Power
of Attorney No........….
……..
Dated …………………….
WITNESS NO. 2
(Signature)
Full name and official address
(in legible letters)
Note:
(i) This Bank Guarantee/all further communications relating to the Bank Guarantee should be
forwarded to Tender cell, Engineering services, ONGC Ankleshwar only
(ii) Bank guarantee, duly executed as per the above format, is to enclosed with the offer
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TENDER NO. AC12C24007
INSTRUCTIONS FOR FURNISHING BANK GUARANTEE TOWARDS BID SECURITY
1. The Bank Guarantee by Indian Bidders will be given on non- judicial stamp paper/franking
receipt as per stamp duty applicable at the place where the tender has emanated. The non-
judicial stamp paper/franking receipt should be either in name of the issuing Bank or the bidder.
2. Foreign Bidders are requested to execute Bank Guarantee as per law in their country.
3. Please indicate the currency in which Bank Guarantee is being given, either Indian Rupees
or US Dollars(USD).
4. The expiry date as mentioned in clause 5 & 6 should be arrived at by adding 30 days to the
date of expiry of the bid validity unless otherwise specified in the bidding documents.
5. The bidders will give Bank Guarantee from any of the following categories of Banks:
(a) Any Scheduled Bank incorporated in India, Bank Guarantee issued by foreign branches /
foreign offices of such Scheduled Banks be counter guaranteed by the Indian Branch of any
Scheduled Bank incorporated in India.
OR
(b) Any Branch of an International Bank situated in India and registered with Reserve Bank of
India as scheduled foreign bank.
OR
(c) Any foreign Bank which is not a Scheduled Bank in India provided the Bank Guarantee issued by
such Bank is counter guaranteed by any Branch situated in India of any Scheduled Bank
incorporated in India.
6. For issuance of Electronic Bank Guarantee through National E-Governance Services
Limited (NeSL) platform, details of ONGC (Beneficiary) are as under:
(i) PAN AAACO1598A
(ii) Name Oil and Natural Gas Corporation Limited
(iii) Date of Incorporation 23.06.1993
(iv) Email ID nayan_niraj@ [Link]
(v) Contact No. 9968282271
(vi) Legal Constitution Entity
(vii) Registered office address Plot No. 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-70
(viii) Registered office address Pin 110070
code
(ix) Communication address ONGC, Shared Service Center,
1st Floor,
IBM office, Sector 62, Noida-201309, Uttar Pradesh
(x) Communication Address Pin 201309
code
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