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    Appendix 1 To Particular Instructions To Bidders Specimen of Bid Bond

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    Kanthimathinathan Krishnan
    This document provides a specimen bid bond for a bid submitted by a company for a contract with Kuwait Oil Company. The bid bond guarantees the bid amount for 90 days from the bid closing date. The bank issuing the bond agrees to pay the full bid amount to Kuwait Oil Company upon their first request, regardless of any objections from the bidding company.

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    © All Rights Reserved
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    Appendix 1 To Particular Instructions To Bidders Specimen of Bid Bond

    Uploaded by

    Kanthimathinathan Krishnan
    46 views2 pages
    This document provides a specimen bid bond for a bid submitted by a company for a contract with Kuwait Oil Company. The bid bond guarantees the bid amount for 90 days from the bid closing date. The bank issuing the bond agrees to pay the full bid amount to Kuwait Oil Company upon their first request, regardless of any objections from the bidding company.

    Original Title

    03aAppendix1toPITB-SpecimenofBidBond

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    This document provides a specimen bid bond for a bid submitted by a company for a contract with Kuwait Oil Company. The bid bond guarantees the bid amount for 90 days from the bid closing date. The bank issuing the bond agrees to pay the full bid amount to Kuwait Oil Company upon their first request, regardless of any objections from the bidding company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views2 pages

    Appendix 1 To Particular Instructions To Bidders Specimen of Bid Bond

    Uploaded by

    Kanthimathinathan Krishnan
    This document provides a specimen bid bond for a bid submitted by a company for a contract with Kuwait Oil Company. The bid bond guarantees the bid amount for 90 days from the bid closing date. The bank issuing the bond agrees to pay the full bid amount to Kuwait Oil Company upon their first request, regardless of any objections from the bidding company.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Appendix 1

    to
    Particular Instructions to
    Bidders
    Specimen of Bid Bond
    BID BOND

    BANK’S NAME AND ADDRESS OF ISSUING BRANCH OR OFFICE

    Kuwait Oil Company


    P. O. Box 9758
    61008-Ahmadi
    KUWAIT

    Dear Sirs,

    Our Guarantee No. ___________

    We have the honour to advise you that we hereby guarantee Messrs. __________________
    ______________________________________ for the sum of Kuwaiti Dinars
    ___________________________________________ (KD __________/-) as a bid bond for
    RFP-2054844 relating to the execution of LABORATORY ANALYSIS FOR SOIL
    REMEDIATION AREAS- SEED for which they have submitted a bid.
    This guarantee shall be valid for a period of 90 days from the bid closing date on _____ and
    no claim may be made by you after the said 90 days.
    We undertake to pay to your order upon first request from you the full amount mentioned
    above regardless of any objection of Messrs. _________________________________ and
    we choose Kuwait as our place of residence for all matters relating to the execution of this
    Guarantee, in our branch ___________________________ (Address).

    ______________________________________
    BANK

    ______________________________________
    (Address)

    By

    ______________________________________
    (Authorised Signature)

    ______________________________________
    Date

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