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This bank letter of assurance template supports a Department of the Army solicitation for a multiple order task order contract to provide design-build and design-bid-build construction services in Hungary. The solicitation number is W912GB20R0005. The bank letter assures that the firm will be issued a letter of guaranty for 1,000,000 Euro within 7 days of any task order award under the contract. The letter of guaranty amount will be 10% of the task order award value or 1,000,000 Euro, whichever is less. In addition, the bank assures the firm can obtain additional bond security in accordance with FAR Clause 52.228-2 at any time.

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Text version

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: W912GB20R0005

PROJECT: Fiscal Year 2020 Hungary Design-Build / Design-Bid-Build Multiple Order Task Order Contract (MATOC)

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

The Bank Letter of Assurance is issued for €1,000,000.00 as presented by this firm, ________________________ (Firm Name).

Separate Bank Letters of Guaranty will be issued within 7 days of any task order awarded to this firm under the Contract. The amount of such Guaranty will be 10% of the task order award value, or €1,000,000.00 whichever is less, as presented by this firm, and will contain all conditions listed in the Bank Letter of Guaranty 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 .