J.2.1 Sample ILC - Performance Guaranty.pdf
PDF 18 KB Posted
- Attached to
- Securing of Property Perimeter Federal contract opportunity
- Solicitation number
- 19GE5025R0015
About this file
This is a sample bank letter of performance guaranty template used for federal contracts, addressed to the Contracting Officer at the American Consulate General in Frankfurt, Germany. The template outlines the bank's guarantee to make payment to the Contracting Officer upon demand, with the guaranteed amount set at 20% of the Contract Price during the period until final acceptance, reducing to 10% during the warranty period.
The guaranty includes provisions for legal charges of 10% per annum on demanded amounts, allows for contract modifications via Change Orders without affecting the guaranty's validity, and permits repeated partial demands up to the total guaranteed amount. The letter must be issued by a depository institution authorized to do business in the specified country or U.S. state/District of Columbia. The template requires signatures, corporate seal, and must be accompanied by a Certificate of Authority proving the signer's authorization to bind the bank to the document.
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Other files for this federal contract opportunity
| File | Type | Posted |
|---|---|---|
| 19GE5025R0015 0001.pdf | ||
| 19GE5025R0015 Questions and Answers.pdf | ||
| 19GE5025R0015 Pre-Proposal Conference Slides.pdf | ||
| J.1.1 NEC Site Plan.pdf | ||
| 19GE5025R0015 Cover Letter.pdf | ||
| J.3.1 Sample Breakdown of Price Proposal.xlsx | XLSX spreadsheet | |
| J.3.2 IRS Form W-14.pdf | ||
| J.2.2 Sample ILC - Payment Guaranty.pdf | ||
| 19GE5025R0015.pdf | ||
| J.2.3 COR Questionnaire for TCNs.pdf | ||
| J.3.3 W-14 Instrcutions.pdf |
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Text version
SAMPLE
OFFICIAL BANK LETTERHEAD
BANK LETTER OF PERFORMANCE GUARANTY
(Place)
(Date)
Contracting Officer American Consulate General Regional Support center Regional Procurement Support Office Giessenerstrasse 30 60435 Frankfurt am Main Germany
SUBJECT: Performance 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 ft 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 during the period ending with the date of final acceptance and continue at ten percent (10%) of the Contract Price in U.S. dollars during the contract warranty period), which represents the deposit required of the Contractor to guarantee fulfillment of his obligations for the satisfactory, complete, and timely performance of the work 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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