In this article, we will provide a bank tender guarantee template in English. A bank tender guarantee is a type of letter issued by a bank on behalf of a bidder or contractor to assure payment to the receiver in case of default. This is a commonly used document in the bidding process, providing assurance to the recipient that the bidder has the financial capacity to fulfill their obligations.
City Bank Ltd.
[Bank Address]
Tel: [Bank Telephone Number]
Fax: [Bank Fax Number]
Email: [Bank Email Address]
Website: [Bank Website]
Recipient Name
Recipient's Company Name
Recipient's Address
City, Postal Code
Country
Dear [Recipient's Name],
We hereby confirm that we, City Bank Ltd., undertake the responsibility to act as guarantor for [Bidding Party/Bidder]. In connection with their participation in the bid for [Project Name/Description] organized by [Organization/Organization Name], we hereby agree and confirm that:
1. We will issue an irrevocable bank guarantee in favor of [Recipient's Name] up to the amount of [Guarantee Amount] upon their request.
2. The guarantee shall be valid until [Expiration Date] and any claims made within this period will be duly honored by our bank upon receipt of sufficient supporting documents and declaring [Bidding Party/Bidder] to be in breach of their contractual obligations.
3. The terms and conditions of the guarantee shall be as stated in the Standard Bank Guarantee Agreement, and any amendments or additions thereto should be in writing and mutually agreed upon.
Please be assured that City Bank Ltd. has the full financial capacity to honor its obligations under this bank tender guarantee. This guarantee is issued without any prejudice and shall not be affected by any changes in the relationship between [Bidding Party/Bidder] and City Bank Ltd.
If you require any further information or have any queries regarding this matter, please do not hesitate to contact us at the aforementioned contact details.
Yours faithfully,
[Designation]
[City Bank Ltd.]
