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Performance Security Guarantee Form

This document is a Performance Security Form for the Benazir Income Support Programme in Pakistan, where a Supplier agrees to provide a Bank Guarantee for compliance with contract obligations. The Guarantors affirm their responsibility to pay the specified amount upon the Supplier's default without requiring proof. The guarantee remains valid until a specified date.

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9 views1 page

Performance Security Guarantee Form

This document is a Performance Security Form for the Benazir Income Support Programme in Pakistan, where a Supplier agrees to provide a Bank Guarantee for compliance with contract obligations. The Guarantors affirm their responsibility to pay the specified amount upon the Supplier's default without requiring proof. The guarantee remains valid until a specified date.

Uploaded by

Book Mart
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

(Doc.

G Performance Security (or guarantee) Form)

To: [Benazir Income Support


Programme (BISP), Government
of Pakistan]

WHEREAS [name of Supplier] (hereinafter called “the Supplier”) has undertaken, in pursuance of
Contract No. [reference number of the contract] dated [insert date] to delivery [description of
goods and services] (hereinafter called “the Contract”).

AND WHEREAS it has been stipulated by you in the said Contract that the Supplier shall furnish you
with a Bank Guarantee by a reputable bank for the sum specified therein as security for compliance
with the Supplier’s performance obligations in accordance with the Contract.

AND WHEREAS we have agreed to give the Supplier a guarantee:

THEREFORE, WE hereby affirm that we are Guarantors and responsible to you, on behalf of the
Supplier, up to a total of [amount of the guarantee in words and figures], and we undertake to pay
you, upon your first written demand declaring the Supplier to be in default under the Contract and
without cavil or argument, any sum or sums within the limits of [amount of guarantee] as aforesaid,
without your needing to prove or to show grounds or reasons for your demand or the sum specified
therein.

This guarantee is valid until the: [insert date]

Signature and seal of the Guarantors

[name of bank or financial institution]

[address]

[date]

27 | P a g e

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