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Page 1 of 2 (BANK GUARANTEE ON NON JUDICIAL STAMP PAPER OF RS. 100/-) E.M.D. BANK GUARANTEE FORMAT FOR TENDER NO. GSECL/ ______________________________________________________________________ WHEREAS M/s. ________________________________________________ (name & address of the Firm) having their registered office at _____________________________________________ (address of the firms Registered Office) (hereinafter called the ‘Tenderer’) wish to participate in the tender No. ______________________________________________ for ______________________________________ of (Supply / Erection / Supply & Erection Work) (Name of material / equipment / work) for ____________________________________ Gujarat State Electricity Corporation Ltd and WHEREAS a Bank Guarantee for (hereinafter called the ‘Beneficiary’). Rs. ______________ (amount of EMD) valid till ____________________ (mention here date of validity of this Guarantee which will be 4 (FOUR) months beyond initial validity of Tender’s Offer) which is required to be submitted by the Tenderer along with the Tender. We, ______________________________________________ (name of the Bank and address of the Branch giving the Bank Guarantee) having our Registered Office at ___________________ (address of Bank’s Registered Office) hereby give this Bank Guarantee No. _________________ dated _______________________ and hereby agree unequivocally and unconditionally to pay immediately on demand in writing from the Gujarat State Electricity Corporation Ltd or any Officer authorized by it in this behalf any amount not exceeding Rs. _______________ (amount of EMD) (Rupees ________________________________________________________ (in words) to the said Gujarat State Electricity Corporation Ltd on behalf of the Tenderer. We _________________________________________________ (name of the Bank) also agree that withdrawal of the Tender or part thereof by the Tenderer within its validity or Non- submission of Security Deposit by the Tenderer within one month from the date tender or a part thereof has been accepted by the Gujarat State Electricity Corporation Ltd would constitute a default on the part of the Tenderer and that this Bank Guarantee is liable to be invoked and encashed within its validity by the Beneficiary in case of any occurrence of a default on the part of the Tenderer and that the encashed amount is liable to be forfeited by the Beneficiary. This agreement shall be valid and binding on this Bank upto and inclusive of ____________ (mention here the date of validity of Guarantee) and shall not be terminable by notice or by Guarantor change in the constitution of the Bank or the firm of Tenderer Or by any reason whatsoever and our liability hereunder shall not be impaired or discharged by any extension of time or variations or alternations made, given, conceded with or without our knowledge or consent by or between the Tenderer and the Gujarat State Electricity Corporation Ltd. “Notwithstanding anything contrary contained in any law for the time being in force or banking practice, this Guarantee shall not be assignable, transferable by the beneficiary (i.e. Gujarat State Electricity Corporation Ltd). Notice or invocation by any person such as assignee, transferee or agent of beneficiary shall not be entertained by the Bank. Any invocation of the Guarantee can be made only by the beneficiary directly. Page 2 of 2 NOTWITHSTANDING anything contained hereinbefore, our liability under this guarantee is restricted to Rs. __________________ (Amount of EMD) (Rupees __________________________________________) (in words). Our Guarantee shall remain in force till _________________ (Date of validity of the Guarantee). Unless demands or claims under this Bank Guarantee are made to us in writing on or before ________________ (Date of validity of the Guarantee), all rights of Beneficiary under this Bank Guarantee shall be forfeited and we sh

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