19PL9024Q0021_Attachment 3_Sample Letter of Bank Guaranty.docx
DOCX document 16 KB Posted
- Solicitation number
- 19PL9024Q0021
- Issued by
-
Department of State
About this file
This document is a sample Letter of Bank Guaranty related to a federal contract opportunity for the U.S. Embassy in Warsaw, Poland. The contract involves rehabilitation work on the Embassy's patio annex building, including replacement of stone tiles on the exterior terrace, front porch, and stairs.
The key details of the federal contract opportunity are: The solicitation number is 19PL9024Q0021, the estimated value is between $100,000 to $250,000, the work is planned to start in May 2025, and quotations are due by September 18, 2024. The U.S. Government intends to award a contract/purchase order to the responsible company submitting an acceptable offer at the lowest price, potentially without discussions. Quotations must be submitted in English in the specified file formats.
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Text version
ATTACHMENT #3 - SAMPLE LETTER OF BANK GUARANTY
| Place [ ] |
| Date [ ] |
Contracting Officer U.S. Embassy, [Note to CO: insert Post name] [Note to CO: insert mailing address]
Letter of Guaranty No. _______ SUBJECT: Performance and Guaranty
The Undersigned, acting as the duly authorized representative of the bank, declares that the bank hereby guarantees to make payment to the Contracting Officer by check made payable to the Treasurer of the United States, immediately upon notice, after receipt of a simple written request from the Contracting Officer, immediately and entirely without any need for the Contracting Officer to protest or take any legal action or obtain the prior consent of the Contractor to show any other proof, action, or decision by an other authority, up to the sum of [amount equal to 20% of the contract price in U.S. dollars during the period ending with the date of final acceptance and 10% of the contract price during contract guaranty period], which represents the deposit required of the Contractor to guarantee fulfillment of his obligations for the satisfactory, complete, and timely performance of the said contract [contract number] 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 contractor] of [address of contractor] on [contract date], plus legal charges of 10% per annum on the amount called due, calculated on 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 affecting the validity of the 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 guaranty, and the bank will promptly honor each individual demand.
This letter of guaranty shall remain in effect until 3 months after completion of the guaranty period of Contract requirement.
| Depository Institution: |
| [name] |
Address:
Representatives:
Location:
State of Inc.:
Corporate Seal:
File details come from the government source that posted it. Updated .