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PERFORMANCE BANK GUARANTEE TO BE MADE ON RS.100NON JUDICIAL STAMP PAPER)To, Chief Account Officer, Delhi Development Authority, Vikas Sadan, INA, New Delhi110023. WHEREAS (Name & Address of Hospital/Lab/Eye
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A performance guarantee form is a document that provides assurance that a project will be completed according to the agreed terms, often including financial backing in case of default by the party responsible for the project's execution.
Typically, contractors, developers, or organizations involved in contractual agreements that require a performance bond must file a performance guarantee form.
To fill out a performance guarantee form, one must provide relevant project details, including the parties involved, project scope and duration, monetary amounts, and signatures as required by the governing authority.
The purpose of a performance guarantee form is to protect the interests of clients and stakeholders by ensuring that obligations under a contract are met and providing a financial remedy if they are not.
The form must report details such as the name and address of the principal and surety, the amount of guarantee, project description, and conditions under which the guarantee will be forfeited.
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