accordance with the Instructions to Bidders of the bidding (“ITB”) Beneficiary’s document. This guarantee will expire: (a) if the Applicant is the successful bidder, upon our receipt of copies of the contract agreement signed by the Applicant and the performance security issued to the Beneficiary in relation to such contract agreement; or (b) if the Applicant is not the successful bidder, upon the earlier of (i) our receipt of a copy of the Beneficiary’s notification to the Applicant of the results of the bidding process; or (ii) twenty-eight days after the end of the Bid Validity Period. Consequently, any demand for payment under this guarantee must be received by us at the office indicated above on or before that date. This guarantee is subject to the Uniform Rules for Demand Guarantees (URDG) 2010 Revision, ICC Publication No. 758. _____________________________ [Signature(s)] Note: All italicized text is for use in preparing this form and shall be deleted from the final product. Form of Bid Security (Bid Bond) [The Surety shall fill in this Bid Bond Form in accordance with the instructions indicated.] BOND NO. ______________________ BY THIS BOND as Principal (hereinafter called and [name of Bidder] “the Principal”), authorized to transact business in [name, legal title, and address of surety], [name of as Surety (hereinafter called are held and firmly bound country of Purchaser], “the Surety”), unto as Obligee (hereinafter called in the sum of [name of Purchaser] “the Purchaser”) for the payment of which sum, well and truly to be [amount of Bond] [amount in words], made, we, the said Principal and Surety, bind ourselves, our successors and assigns, jointly and severally, firmly by these presents.
accordance with the Instructions to Bidders (“ITB”) of the Beneficiary’s bidding document. This guarantee will expire: (a) if the Applicant is the successful bidder, upon our receipt of copies of the contract agreement signed by the Applicant and the performance security issued to the Beneficiary in relation to such contract agreement; or (b) if the Applicant is not the successful bidder, upon the earlier of (i) our receipt of a copy of the Beneficiary’s notification to the Applicant of the results of the bidding process; or (ii) twenty-eight days after the end of the Bid Validity Period. Consequently, any demand for payment under this guarantee must be received by us at the office indicated above on or before that date. This guarantee is subject to the Uniform Rules for Demand Guarantees (URDG) 2010 Revision, ICC Publication No. 758. _____________________________ [Signature(s)] Note: All italicized text is for use in preparing this form and shall be deleted from the final product. Form of Bid Security (Bid Bond) [The Surety shall fill in this Bid Bond Form in accordance with the instructions indicated.] BOND NO. ______________________ BY THIS BOND [name of Bidder] as Principal (hereinafter called “the Principal”), and [name, legal title, and address of surety], authorized to transact business in [name of country of Purchaser], as Surety (hereinafter called “the Surety”), are held and firmly bound unto [name of Purchaser] as Obligee (hereinafter called “the Purchaser”) in the sum of [amount of Bond] [amount in words], for the payment of which sum, well and truly to be made, we, the said Principal and Surety, bind ourselves, our successors and assigns, jointly and severally, firmly by these presents.