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Mazagon Dock Shipbuilders Limited

Mumbai, Maharashtra

  • Opening Date

    26 Feb 2019

  • Closing Date

    30 Apr 2019

  • Tender Amount

    Refer document

  • EMD

    -

Summary

Large Ship Satcom Terminal Rukmani System

Documents

INTEGRITY PACT BANK GUARANTEE (IPBG) (On Non-Judicial stamp paper of value Rs. 500/-) IN CONSIDERATION OF MAZAGON DOCK SHHIPBUILDERS LIMTED, a company incorporated under the Companies Act 1956 and having its registered office at Dockyard Road, Mumbai 400010 (hereinafter referred to as the “the Company” which expression shall, unless it be repugnant or contrary to the subject or context thereof, be deemed to mean and include its successors and assigns) having entered into an Integrity Pact No.........dated ............(hereinafter called “the Pact”) with Messers ............................ a partnership firm/sole proprietor business/a company registered under the Companies Act, 1956 (strike out whichever is not applicable) having its office at ...............................(hereinafter called " the Bidder" which expression shall, unless it be repugnant or contrary to the subject or context thereof, be deemed to mean and include its successors and assigns) for the Bidder’s participation in the Tender no..................................dated.............. (hereinafter called "the tender" which expression shall include any amendments/alterations to "the tender" issued by "the Company") for the supply, delivery at site, installation and commissioning of certain equipment, item/services/civil works etc. and the Bidder having agreed that the Bidder shall furnish a security for the performance of the Bidder’s obligation under the Pact and/or discharge of the Bidder’s liability in connection with the tender and the Company having agreed with the Bidder to accept a Bank Guarantee as said security, We, .................................................... Bank having office at ............................................ (hereinafter referred to as “the Bank” which expression shall includes its successors and assigns) hereby agree to pay to the Company without any demur on first demand an amount not exceeding Rs................... (Rupees.............................only) against any loss or damage, costs, charges and expenses caused to or suffered by the Company by reason of non performance and non- fulfilment or for any breach on the part of the Bidder of any of the terms and conditions of the Pact and / or tender. 2. We, ............................. Bank further agree that the Company shall be sole judge whether the Bidder has failed to perform or fulfil the Pact and/or the tender in terms thereof or committed breach of any terms and conditions of the Pact and/or the tender and the extent of loss, damage, cost, charges and expenses suffered or incurred or would be suffered or incurred by the Company on account thereof and we waive in the favour of the Company all the rights and defences to which we as guarantors may be entitled to. 3. We, ................................. Bank further agree that the amount demanded by the Company as such shall be final and binding on the Bank as to the Bank 's liability to pay and the amount demanded and the Bank undertake to pay the Company the amount so demanded on first demand and without any demur notwithstanding any dispute raised by the Bidder or any suit or other legal proceedings including arbitration pending before any court, tribunal or arbitrator relating thereto, our liability under this guarantee being absolute and unconditional. 4. We, .................................. Bank further agree with the Company that the Company shall have the fullest liberty without our consent and without affecting in any manner our obligations hereunder to vary any of the terms and conditions of the Pact and/or the tender or to extend time of performance by the Bidder from time to time or to postpone for any time to time any of the powers exercisable by the Company against the Bidder and to forbear to enforce any of the terms and conditions relating to the Pact and/or the tender and we shall not be relieved from our liability by reason of an

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