8/13/2019 Format for Performance & Adv. Payment Bank Guarantee

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PERFORMANCE BANK GUARANTEE

To:  Government of Nepal

Ministry of Peace and Reconstruction

Emergency Peace Support ProjectSingha Durbar, Kathmandu

Name of Contract:- Consulting Services for Employment Self-Employment (Training Services) in

......................district for ..................... beneficiaries.

Contract ID No.:- EPSP/S/CQS-26/1..................

WHEREAS  ___________________________ [name and address of Service Provider]  (hereinafter called "the

Service Provider") has undertaken, in pursuance of Contract No. EPSP/S/CQS-26/1.................. 

dated ____________ to execute Consulting Services for Employment Self-Employment (Training

Services) in ......................district for ..................... beneficiaries. (hereinafter called "the

Contract"); 

AND WHEREAS  it has been stipulated by you in the said Contract that the Service Provider shall

furnish you with a Bank Guarantee by a recognized bank for the sum specified therein as securityfor compliance with his obligations in accordance with the Contract;

AND WHEREAS we have agreed to give the Service Provider such a Bank Guarantee;

NOW THEREFORE we hereby affirm that we are the Guarantor and responsible to you, on behalf

of the Service Provider, up to a total of NPR_ __________  [amount of Guarantee]78 

 ______________________ [in words], such sum being payable in the types and proportions of

currencies in which the Contract Price is payable, and we undertake to pay you, upon your first

written demand and without cavil or argument, any sum or sums within the limits NPR 

 ________________________ [amount of Guarantee] as aforesaid without your needing to prove or toshow grounds or reasons for your demand for the sum specified therein.

78An amount is to be inserted by the Guarantor, representing the 5% of the Total Ceiling of the Contract

specified in the Annex-B of Contract, and denominated either in the currency(ies) of the Contract or in a freely

convertible currency acceptable to the Client. We hereby waive the necessity of your demanding the said debt from the Service Provider before

presenting us with the demand.

We further agree that no change or addition to or other modification of the terms of the Contract

or of the Services to be performed there under or of any of the Contract documents which may bemade between you and the Service Provider shall in any way release us from any liability under

this guarantee, and we hereby waive notice of any such change, addition or modification.

This guarantee shall be valid until the date of 30th, June 2014.

SIGNATURE AND SEAL OF THE GUARANTOR _______________________________

NAME OF BANK _______________________________

ADDRESS _______________________________

DATE ______________________________

8/13/2019 Format for Performance & Adv. Payment Bank Guarantee

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BANK GUARANTEE FOR ADVANCE PAYMENT 

To:  Government of Nepal

Ministry of Peace and Reconstruction

Emergency Peace Support Project

Singha Durbar, Kathmandu

Name of Contract:- Consulting Services for Employment Self-Employment (Training Services) in

......................district for ..................... beneficiaries.

Contract ID No.:- EPSP/S/CQS-26/1..................

Gentlemen:

In accordance with the provisions of the Contract Provision of Contract, Clause 3(B)(i) ("Advance

Payment") of the above-mentioned Contract, ______________________________________ [name

and Address of Service Provider] (hereinafter called "the Service Provider") shall deposit with Emergency

Peace Support Project, Singha Durbar, Kathmandu a bank guarantee to guarantee his proper

and faithful performance under the said Clause of the Contract in an amount of NPR 

 _________________ [amount of Guarantee] ___________________________ [in words]. 

We, the _________________________________ [bank or financial institution], as instructed by the

Service Provider, agree unconditionally and irrevocably to guarantee as primary obligator and not

as Surety merely, the payment to Emergency Peace Support Project, Singha Durbar,

Kathmandu on his first demand without whatsoever right of objection on our part and without his

first claim to the Service Provider, in the amount not exceeding NPR  __________________[amount

of Guarantee]79 __________________________[in words].

79  An amount is to be inserted by the bank or financial institution representing the amount of the Advance

Payment, and denominated either in the currency(ies) of the Advance Payment as specified in the Annex-B of

Contract, or in a freely convertible currency acceptable to the Client. We further agree that no change or addition to or other modification of the terms of the Contract

or of Services to be performed there under or of any of the Contract documents which may be

made between Emergency Peace Support Project, Singh durbar, Kathmandu and the Service

Provider, shall in any way release us from any liability under this guarantee, and we hereby waive

notice of any such change, addition or modification.

This guarantee shall remain valid and in full effect from the date of the advance payment under

the Contract until 30th, June 2014.  ie. Until   Emergency Peace Support Project,  Singha

Durbar, Kathmandu receives full repayment of the same amount from the Service Provider. SIGNATURE AND SEAL OF THE GUARANTOR:  ______________________________________

Name of Bank/Financial Institution: ______________________________________

Address: ______________________________________

Date: ______________________________________