Tender Bank Guarantee Sample
A tender bank guarantee sample will be provided on this page. The example you can find on this page is prepared as per ICC sample demand guarantee forms. 

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Why a tender guarantee is issued? 
A tender guarantee is requested by the tender organisers from the tender participants in case the tender winner refuses to sign the contract or to provide further guarantees on demand.
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Beneficiary : Aqaba Development Corporation (ADC).                                       Date : 30.August.2014
Al-Hussein ben Ali street 
P.O. Box 2680,
Aqaba 77110, 
The Hashemite Kingdom of Jordan

Tender Bank Guarantee No. : 2014/003-Adc

We have been informed that Reliance Industries Limited, Mumbai. India. , (hereinafter called “the principal”), responding to your invitation to tender No. 2014/tndr/002 for the supply of 200 Metric Ton/Metric Tons of Cleaning Chemicals, has submitted to you his offer No:15082014 dated 15.August.2014.

Furthermore we understand that, according to your conditions, offers must be supported by a tender guarantee.

At the request of the principal, we ICIDI Bank. hereby irrevocably undertake to pay you any sum or sums not exceeding in total an amount of 200.000,00USD (say two Hundred Thousand USD) upon receipt by us of your first demand in writing and your written statement stating:

  • that the principal is in breach of his obligations under the tender conditions, and
  • the respect in which the principal is in breach.

Your demand for payment must also be accompanies by the following documents:

  • Proof of identity certificate issued and signed by our branch in beneficiary's country or else one of our corresponding bank's located in beneficiary's country stating that the bank has verified beneficiary's signature(s) appearing on the first demand of payment. 

This guarantee shall expire on 15.october.2014 at the latest.

Consequently any demand for payment under it must be received by us at this office on or before that date.

This guarantee is subject to the Uniform Rules for Demand Guarantees, ICC publication No. 758.