J.2.2 Sample ILC - Payment Guaranty.pdf
PDF 18 KB Posted
- Attached to
- Elevator Replacement - US Embassy Georgetown Federal contract opportunity
- Solicitation number
- 19GE5020R0021
About this file
This document contains a sample letter of payment guaranty and details of a related federal contract opportunity for an elevator replacement project. The letter of payment guaranty is from a bank to the Contracting Officer, guaranteeing payment up to 20% of the contract price plus 10% annual interest if payment is not made within six days of demand. The federal contract opportunity is a solicitation to provide design, construction, and project management services for removal of an existing elevator and installation of a new MRL elevator at the U.S. Embassy in Georgetown, Guyana. The Regional Procurement Support Office in Frankfurt, Germany intends to issue a firm fixed-price construction contract during the second quarter of 2020.
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Other files for this federal contract opportunity
| File | Type | Posted |
|---|---|---|
| Q and A 19GE5020R0021.pdf | ||
| Guyana Layout.pdf | ||
| fw14.pdf | ||
| 19GE5020R0021 0004.pdf | ||
| iw14.pdf | ||
| 19GE5020R0021 0003.pdf | ||
| 19GE5020R0021 0002.pdf | ||
| 19GE5020R0021 0001.pdf | ||
| 19GE5020R0021.pdf | ||
| J.2.1 Sample ILC - Performance Guaranty.pdf | ||
| J.3.1 Sample Breakdown of Price Proposal.xlsx | XLSX spreadsheet | |
| J.1.1 Specifications.pdf | ||
| J.2.3 COR Questionnaire for TCNs.pdf | ||
| J.1.2 S-15A-Elevator Plan.pdf | ||
| RFP Cover Letter.pdf |
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Text version
SAMPLE
OFFICIAL BANK LETTERHEAD
BANK LETTER OF PAYMENT GUARANTY
(Place)
(Date)
Contracting Officer American Consulate General Regional Support center Regional Procurement Support Office Giessenerstrasse 30 60435 Frankfurt am Main Germany
SUBJECT: Payment Guaranty LETTER OF GUARANTY NO.__________________
The undersigned, acting as the duly authorized representative of the bank, declares that the bank hereby guarantees to effect payment to the Contracting Officer by check made payable to the Treasurer of the United States, immediately upon demand after receipt of a simple written request from the Contracting Officer, immediately and entirely without any need for the Contracting Officer to protest or to take any legal action or obtain prior consent of the Contractor or for any other proof, action, or decision by any other authority, up to the sum of Amount Equal to twenty percent (20%) of the Contract Price in U.S. dollars), which represents the deposit required of the Contractor to guarantee payment by the Contractor to all Persons, firms. or corporations supplying labor and material under Contract (Contract No.) for (Description of Work) at (Location of Work) in strict compliance with the terms, conditions, and specifications of said contract, entered into between the Government and (Name of Contract of (Address of Contractor) on (Contract Date) plus legal charges of 10% per annum on the amount called due, calculated from the sixth day following receipt of the Contracting officer’s written request until the date of payment.
The undersigned agrees and consents that said contract may be modified by Change Order or Supplemental Agreement without affecting the validity of this guaranty provided, however, that the amount of this guaranty shall remain unchanged.
The undersigned agrees and consents that the Contracting Officer may make repeated partial demands on the guaranty up to the total amount of this guarantee, and the bank will promptly honor each individual demand.
This letter of guaranty shall remain in effect until the essential completion of the Contractor’s performance of Contract (number).
The undersigned certifies that the guaranty is issued by a depository institution located in and authorized to do business in (Country or any state of the United States or the District of Columbia) and authorized to issue such checks or Letters of Guaranty by the banking laws of (Country or the United States or any state of the United States).
Bank (depository institution) :
Legal Name & Address Location:
State of Incorporation
Signature(s) ______________________________ Corporate Seal:
Name(s) ______________________________
Title(s) ______________________________
NOTE: CERTIFICATE OF AUTHORITY IS ATTACHED EVIDENCING AUTHORITY OF THE SIGNER TO BIND THE BANK
TO THIS DOCUMENT
NOTE: CERTIFICATE OF AUTHORITY IS ATTACHED EVIDENCING AUTHORITY OF THE SIGNER TO BIND THE BANK TO THIS DOCUMENT
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