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    Indemnity Bond For Secured Advance

    Uploaded by

    munir Hussain

    Copyright:

    © All Rights Reserved
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    Indemnity Bond For Secured Advance

    Uploaded by

    munir Hussain
    5 views2 pages

    Original Title

    Indemnity Bond for Secured Advance(1)

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    © © All Rights Reserved

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    5 views2 pages

    Indemnity Bond For Secured Advance

    Uploaded by

    munir Hussain

    Copyright:

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

    INDEMNITY BOND FOR

    SECURED ADVANCE
    AGAINST MATERIALS BROUGHT AT SITE

    (ON RS.40 NON JUDICIAL STAMP PAPER)

    This Deed of Indemnity is issued by M/s. Adnan & Rizwan Construction Company
    (Name of the Contractor) in Favour of
    M/s. Executive Engineer –Building District Panjgur
    (Name of the Employer).

    Whereas Executive Engineer-Building District Panjgur (Hereinafter called the Employer) has
    paid the Secured Advance against the cost of material through any Bank or like agency by any other
    method by virtue of the terms of the contract existing between the parties. The details of the material
    and their price for which secured advance is being sought for the
    period
    Validity of contract period till consumption of the material is as under: -

    1. Steel rebar’s dia at Rs. per = Rs.


    at Rs. per = Rs.
    2. Steel rebar’s dia
    at Rs. per = Rs.
    3. at Rs. per = Rs.

    4.

    THEREFORE, THIS DEED OF INDEMNITY WITNESSETH AS FOLLOWS:


    I/We of M/s. Adnan & Rizwan Construction Company
    do hereby indemnify M/s Executive Engineer-Building District Panjgur for all losses due to
    thefts, arson, pilferage, loss due to flood and inundation, shortage, deterioration and depreciation
    etc. through any act of Man or God or slump in the Market of any or all the materials financed or
    paid by the Employer on our request for financing payment against material.
    I/We shall indemnify against any or
    all claims, action damages arising out of or resulting to the said material.
    I/We further declare that we will faithfully abide by the above
    declaration and solemnly affirm that we will not remove, sell, pilferage any of the materials against
    which M/s has paid us such a secured advance and will not pledge
    the same with any Bank, Finance Corporation, Firm, Company, Individual or the like agency or
    create any change whereon in any from what so ever. I/We do hereby also declare that
    in the event of my/our infringement of the declaration made above
    will be entitled to forfeit all such material and also proceed
    against me/us according to the relevant clause pertaining to breach of contract and
    further invoke the power or seek any remedies secured of under the contract
    Agreement signed with us or otherwise

    available under law.

    Place Dated

    Contractor

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