Sample Letter Of Bank Guaranty - U.s. Embassy In Sri Lanka printable pdf download

Sample Letter Of Bank Guaranty - U.s. Embassy In Sri Lanka

ATTACHMENT 1

ATTACHMENT #1 - SAMPLE LETTER OF BANK GUARANTY

Place [

]

Date [

]

Contracting Officer

U.S. Embassy Colombo

No.210, Galle Road,

Colombo 3

Letter of Guaranty No. _______

SUBJECT: Performance and Guaranty

The Undersigned, acting as the duly authorized representative of the bank, declares that the bank

hereby guarantees to make payment to the Contracting Officer by check made payable to the

Treasurer of the United States, immediately upon notice, after receipt of a simple written request

from the Contracting Officer, immediately and entirely without any need for the Contracting

Officer to protest or take any legal action or obtain the prior consent of the Contractor to show

any other proof, action, or decision by another authority, up to the sum of 20% of the contract

price which represents the deposit required of the Contractor to guarantee fulfillment of his

obligations for the satisfactory, complete, and timely performance of the said contract [to be

provided along with notice to proceed for [to be provided along with notice to proceed] at

[to be provided along with notice to proceed] in strict compliance with the terms, conditions

and specifications of said contract, entered into between the Government and [to be provided

along with notice to proceed] of [to be provided along with notice to proceed] on [to be

provided along with notice to proceed], plus legal charges of 10% per annum on the amount

called due, calculated on the sixth day following receipt of the Contracting Officer’s written

request until the date of payment.

The undersigned agrees and consents that said contract may be modified by Change Order or

Supplemental Agreement affecting the validity of the guaranty provided, however, that the

amount of this guaranty shall remain unchanged.

Sample Letter Of Bank Guaranty - U.s. Embassy In Sri Lanka