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This document contains a bank letter of assurance template and details of a federal contract opportunity for the renovation of a veterans center in Osijek, Croatia. The bank letter of assurance template is to be provided by any offerors bidding on the design-build contract and guarantees the offeror can obtain a letter of credit for 10% of their proposed price within 14 days of award. The federal contract opportunity is a solicitation issued by the US Army Corps of Engineers Europe District to renovate the Regional Veterans Affairs Center for Mental Health Counseling and Psychological Support in Osijek, Croatia. Offerors must submit proposals by the specified due date to be considered for the design-build contract award.

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BANK LETTER OF ASSURANCE

(BANK LETTERHEAD)

DATE

US Army Corps of Engineers, Europe District ATTN: Contracting Officer Konrad-Adenauer-Ring 39, Box 7 65187 Wiesbaden, Germany

SUBJECT: Bank Letter of Assurance for Solicitation: W912GB-20-R-0020

PROJECT: Renovation of Regional Veterans Affairs Center for Mental Health Counseling and Psychological Support

I/We, the undersigned, acting as the duly authorized representatives of ___________________ _______________________ (Bank Name), assure that we will issue a Bank Letter of Guaranty for account of ____________________________________________ (Firm Name (for Joint Venture – each party’s name shall be listed)), should the contract pursued under subject solicitation be awarded to them.

The Bank Letter of Assurance is issued for $ [10% of proposed price], as presented by this firm, ________________________ (Firm Name).

The Bank Letter of Guaranty will be issued for $ [10% of proposed price], as presented by this firm, ___________________________. The Bank Letter of Guaranty will be provided to you within 14 calendar days after contract award and will contain all conditions listed in the sample provided by this solicitation.

In addition, I/We, the undersigned, acting as the duly authorized representatives of ________________________ (Bank Name), assure that ________________________ (Firm Name), can at any time obtain a Bank Letter of Guaranty in accordance with Federal Acquisition Regulation (FAR) Clause 52.228-2, Additional Bond Security.

Sincerely,

_________________________________
(Authorized Representative of the Bank)

File details come from the government source that posted it. Updated .