ANNEXURE - VII SECTION-10 ( i ) : FORM OF PERFORMANCE SECURITY - BANK GUARANTEE BOND (BG)

In consideration of the Director Tata Memorial Centre having agreed under the terms and conditions of Letter of intents / Agreement No.................... ...... .................... .................. ..................................... . ......dated ....... ......................................................... made between ...................... ................. and.......... ................ .............. ... ........... (hereinafter called 'the said Contractors} ). for the 61 work - ...... ..................... ........................................................ ............. ...... ....................... (hereinafter called 'the said Letter of Intent / Agreement') having agreed to production of a irrevocable bank Guarantee for Rs. ........................................ (Rupees----------- ----------------- ---------- ........ \_\_\_\_\_\_only), as a security / guarantee from the contractors) for compliance of his obligations In accordance with the terms and conditions in the said agreement, we .............. ---------- ---------- - ...... -... (Indicate the name of the Bank) (hereinafter referred to as 'the Bank') hereby undertake to pay to the Homi Bhabha Cancer Hospital and Research Centre (HBCH & RC), Mullanpur, Punjab an amount not exceeding Rs.................................................................................................................................................... ........ (Rs ............ - . -- , .. ............... .. ........... ......... - ......................... .only) on demand by the Homi Bhabha Cancer Hospital, Sangrur

- 2. - ................ ----------------------- .. (indicate the name of Bank) do hereby undertake to pay the amounts 2. - ................ ----------------------- .. (indicate the name of Bank) do hereby undertake to pay the amounts

due and payable under this guarantee without any demur, merely on a demand from the Homi Bhabha Cancer Hospital and Research Centre (HBCH & RC), Mullanpur, Punjab stating that the amount claimed is required to meet the recoveries due or likely to be due from the said Contractors). Any such demand made on the bank shaft be conclusive as regards die amount due and payable by the Bank under this guarantee. However, our liability under this guarantee shall be restricted to an amount not exceeding Rs............ (Rupees \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_ only).

- 3. the said bank, further undertake to pay to the Homi Bhabha Cancer Hospital and Research Centre (HBCH & RC), 3. the said bank, further undertake to pay to the Homi Bhabha Cancer Hospital and Research Centre (HBCH & RC), Mullanpur, Punjab any money so demanded notwithstanding any dispute or disputes raised by the Contractor(s) in any suit or proceeding pending before any Court or Tribunal relating hereto. our (lability under this present being absolute and unequivocal.
- 4. payment so made by us under this bond shall be a valid discharge of our liability for payment ............................... 4. payment so made by us under this bond shall be a valid discharge of our liability for payment ............................... thereunder and the Contractors shall have no claim against us for making such payment.
- 5. \_\_ \_\_\_\_ (Indicate the name of Bank) further agree that the guarantee herein contained shall \_\_\_\_\_\_\_\_\_\_\_ 5. \_\_ \_\_\_\_ (Indicate the name of Bank) further agree that the guarantee herein contained shall \_\_\_\_\_\_\_\_\_\_\_ remain in full force and effect during the period that would be taken for the performance of the said Agreement and that It shall continue to be enforceable till all the dues of the Homi Bhabha Cancer Hospital and Research Centre (HBCH & RC), Mullanpur, Punjab under or by virtue of the said Agreement have been fully paid and its claims satisfied or discharged or till Engineer-in- charge on behalf of the Homi Bhabha Cancer Hospital and Research Centre (HBCH & RC), Mullanpur, Punjab certifies that the terms and conditions of the said Agreement have been fully and properly carried out by the said Contractors) and accordingly discharges this guarantee.
- 6. - ....... - ...... (indicate the name of Bank) further agree v/ith the Director, Tata Memorial Centre that the Homi 6. - ....... - ...... (indicate the name of Bank) further agree v/ith the Director, Tata Memorial Centre that the Homi Bhabha Cancer Hospital and Research Centre (HBCH & RC), Mullanpur, Punjab shall have the fullest liberty without our consent and without affecting In any manner our obligations hereunder to vary any of the terms and conditions of the said Agreement ^r to extend time of performance by the said Contractor(s) from time to time or to postpone for any time or from ti me to time any of the powers exercisable by the Director, Tata Memorial Centre against the said Contractors) and to forbear or enforce any of the terms and conditions relating to the said Agreement and we shall not be relieved from our liability by reason of any such variation, or extension being granted to the said Contractor(s) or for any forbearance, act of omission on the part of the Homi Bhabha Cancer Hospital and Research Centre (HBCH & RC), Mullanpur, Punjab or any Indulgence by the Homi Bhabha Cancer Hospital and Research Centre (HBCH & RC), Mullanpur, Punjab to the said Contractor(s) or by any such matter or thing whatsoever which under the law relating to sureties would, but for this provision, have effect of so relieving us.
- 7. guarantee will not be discharged due to the change in the constitution of the Bank or the Contractors). 7. guarantee will not be discharged due to the change in the constitution of the Bank or the Contractors).
- 8. .................................. (Indicate the name of Bank) lastly undertake not to revoke this guarantee 8. .................................. (Indicate the name of Bank) lastly undertake not to revoke this guarantee

except with the previous consent of theHomi Bhabha Cancer Hospital and Research Centre (HBCH & RC), Mullanpur, Punjab in writing.

- 9. guarantee shall be valid up to ............................unless extended on demand. Notwithstanding 9. guarantee shall be valid up to ............................unless extended on demand. Notwithstanding

anything mentioned above, our liability against this guarantee is restricted to Rs. ..................................................................... (Rupees ............. ...................... ............. .............. .............................................................. only) and unless a claim in writing is lodged with us within six months of the date of expiry or ihe extended date of expiry of this guarantee, all our liabilities under this guarantee shall stand discharged.

Signed and sealed

Dated the\_\_\_\_\_\_\_\_\_\_\_\_\_day of................. for\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (indicate the name of Bank) Note: The Letter of intent shall form part of the Agreement)