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PROFORMA OF BANK GUARANTEE FOR BID BOND (To be stamped in accordance with the stamp Act) Bank Guarantee No. Date: Valid unto : Amount : To National Institute of Ocean Technology VelacheryTambaram
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How to Fill out Bid Bond Security Deposit Bank Guarantee Document (NIOT RES)?

Points to follow while filling out the bid bond security deposit bank guarantee document (NIOT RES):
01
Ensure that you have the correct version of the bid bond security deposit bank guarantee document (NIOT RES) as required by the issuing authority.
02
Begin by carefully reading and understanding all the terms and conditions mentioned in the document.
03
Provide your full legal name, address, and contact information in the designated spaces.
04
Clearly state the amount of the bid bond security deposit that you are willing to issue. This amount should be in accordance with the requirements specified in the bidding instructions.
05
Specify the duration for which the bid bond security deposit will remain valid. It should typically match the validity period of the bidding process.
06
Attach any necessary supporting documents or proofs as mentioned in the document.
07
If required, include any additional terms or conditions requested by the issuing authority.
08
Review the filled-out document thoroughly to ensure accuracy and correctness.
09
Sign the document in the designated space, ensuring that your signature matches the name provided earlier.
10
Make additional copies of the completed bid bond security deposit bank guarantee document (NIOT RES) for your own records.

Who needs Bid Bond Security Deposit Bank Guarantee Document (NIOT RES)?

01
Contractors or suppliers participating in a bidding process where a bid bond security deposit is required.
02
Government agencies or other issuing authorities that mandate bid bond security deposits to ensure the seriousness and financial capability of bidders.
03
Organizations or individuals involved in projects or contracts where the bid bond security deposit is a necessary requirement to initiate the bidding process.
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