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TENDER GUARANTEE FORM Specimen tender guarantee To be completed on paper bearing the letterhead of the financial institution For the attention of referred to below as the Contracting Authority Title

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What is tender guarantee?

A tender guarantee is a form of financial security that is provided by a bidder to demonstrate their commitment to fulfilling the terms of a tender or bidding process.

Who is required to file tender guarantee?

The bidder or the party participating in a tender or bidding process is required to file a tender guarantee.

How to fill out tender guarantee?

To fill out a tender guarantee, the bidder needs to provide the required information, such as the bid amount, duration of guarantee, and other relevant details specified in the tender documents. The completed form must be submitted to the specified authority.

What is the purpose of tender guarantee?

The purpose of a tender guarantee is to protect the interests of the tendering authority by ensuring that the winning bidder will fulfill their contractual obligations. It provides financial security and reassurance to the tendering authority.

What information must be reported on tender guarantee?

The tender guarantee should include information such as the bid amount, the name and address of the bidder, the duration of the guarantee, and any specific conditions or requirements specified in the tender documents.

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