SAMPLE FORM OF BANK GUARANTEE

FOR ADVANCE PAYMENT

To: Municipal Infrastructure Improvement Project [name of Employer]
Kathmandu municipality, Kha--!!!, Tahachal, Kathmandu, "epal
#oad and $ccess Improvement %or&s, #"$' - (amal )ector *Pac&a+e I, - $- in Kathmandu
'ity 'ore $rea.
/entlemen:
In accordance 0ith the provisions of the 'onditions of 'ontract, 'lause 11 *2$dvance Payment2- of the
a3ove-mentioned 'ontract [name and address of 'ontractor] *hereinafter called 2the 'ontractor2- shall
deposit 0ith MIIP *Municipal Infrastructure Improvement Project- a 3an& +uarantee to +uarantee his
proper and faithful performance under the said 'lause of the 'ontract in an amount of /uarantee]
[in 0ords].
%e, the [3an&], as instructed 3y the 'ontractor, a+ree
unconditionally and irrevoca3ly to +uarantee as primary o3li+ator and not as )urety merely, the
payment to Municipal Infrastructure Project ["ame of Employer] on his first demand 0ithout
0hatsoever ri+ht of o3jection on our part and 0ithout his first 0aive notice of any such chan+e,
addition or modification.
This +uarantee shall remain valid and in full effect from the date of the advance payment under the
'ontract until Municipal Infrastructure Improvement Project receives full repayment of the same
amount from the 'ontractor.
4ours truly,
)I/"$T5#E $"6 )E$7 :
"ame of 8an&9:inancial Institution :
$ddress :
6ate :
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