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 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 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 Principal”), and [name of Bidder] “the authorized to transact business in [name, legal title, and address of surety], [name of as Surety (hereinafter called Surety”), are held and firmly bound country of Purchaser], “the unto as Obligee (hereinafter called Purchaser”) in the sum of [name of Purchaser] “the 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. WHEREAS the Principal has submitted or will submit a written Bid to the Purchaser dated the ___ day of ______, 20__, for the supply of (hereinafter called the [name of Contract] “Bid”). NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that if the Principal:
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 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 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. WHEREAS the Principal has submitted or will submit a written Bid to the Purchaser dated the ___ day of ______, 20__, for the supply of [name of Contract] (hereinafter called the “Bid”). NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that if the Principal:
SPD-Request-for-Bids-EDUCATION-TEXTBOOKS-OCT-2017.docx