A bank guarantee for Tenderer amoun

A bank guarantee for Tenderer amounting no less than [specified in TENDER DATA SHEET] as per attached specimen (Bid bond) shall be submitted by the Tenderers to Company at the same time when the Tenderer submits his proposal. The original validity of the bid bond shall be 210 calendar days as from the Closing Date and shall be extended automatically upon mutual agreement by and between Company and Tenderer. The bid bond hereof shall be denominated in the currency of US Dollar and/or other required currency by Company and shall be issued by an internationally reputed bank. The bid bond can be issued in the form of a traditional hard copy Bid Bond or issued directly to our bank via swift message. If via swift message, tender number shall be indicated in the message, and the receipt / record generated by bank system shall be submitted in a separate and sealed envelope and duly marked and stamped on outer envelope, together with other proposals.With regard to all kinds of BID BOND, the account name for BID BOND payment and refunds must be consistent with full name of the Tenderer. BID BOND payment and refunds via any personal account rather than Tenderer’s account name is forbidden and unacceptable by Company.