Appendix 3

to
Particular Instructions to
the Bidder

Specimen of Performance
Bond
 PERFORMANCE BOND

BANK’S NAME AND ADDRESS OF ISSUING BRANCH OR OFFICE

Kuwait Oil Company

P. O. Box 9758
61008-Ahmadi
KUWAIT

Dear Sirs,
At the request of [name of Contractor] (hereinafter the “Contractor”) we [name of bank]
hereby unconditionally and irrevocably guarantee to pay you, notwithstanding any objection
by the Contractor, any sum or sums not exceeding in total an amount of (KD)
_____________ (representing 10% of the Contract Price) (the “Bond”) upon receipt of your
first written demand thereof in connection with your Contract No _________ with the
Contractor for _________________________[name of the Contract] (hereinafter, the
“Contract”).
Our liability hereunder shall become effective upon the signing of the Contract by the parties
thereto.
The amount of this Bond may from time to time be reduced in accordance with the Contract,
upon receipt of your written notice stating the amount of such reduction.
Our liability hereunder will expire on our receipt from you of a written notice of the issue of
the Certificate of Completion of the Services. Any demand received by us thereafter shall be
null and void.

______________________________________
BANK

______________________________________
(Address)

By

______________________________________
(Authorised Signature)

______________________________________
Date