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Form of Tender Security

(Uniform Rules for Demand Guarantee, ICC Publication 758)

Note for the Participant - All Italicised text is for use in preparing this form and shall be deleted from the
final document.

[Guarantor Letterhead and SWIFT identifier code]

To: [Insert name and address of Beneficiary (the Client)]

Date: [Insert date of issue]

Type of Guarantee: Tender Security

Guarantee No.: [Insert guarantee reference number]

The Guarantor: [Insert name and address of place of issue, unless indicated in
letterhead]

The Participant [Insert name and address of the Participant]

The Beneficiary: [Insert name and address of the Client]

The Underlying Relationship: The Participant’s obligation in respect of [insert reference number and
details of the Invitation to Tender

Guarantee Amount and [Insert in figures and words the maximum amount(s) payable and the
currency: currency(ies) in which it is payable]

Any document required in
support of the demand for
payment, apart from the
supporting statement that is
explicitly required in the text
below:
A written statement stating that the Participant is in breach of its
obligation(s) under the Tender conditions, because the Participant:
(a) has withdrawn its Tender during the period of Tender
validity specified by the Participant in the Letter of
Tender; or
(b) does not accept the correction of arithmetic errors, in
accordance with the Tender Document; or,
(c) having been notified of the acceptance of its Tender by the
Beneficiary during the period of Tender validity, (i)
fails or refuses to execute the Contract Form, if
required, or (ii) fails or refuses to furnish the
performance security, in accordance with the Tender
Document.

Language of any required [Insert the language as per the Tender Document]
documents:
Form of Presentation: [Insert paper or electronic form. If paper indicate mode or delivery. If
electronic indicate the format, system for data delivery and the
electronic address for presentation]

Time as from which a demand A demand under this guarantee may be presented as from the due date for
can be presented if different the submission of tenders
from the date of issue:

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Guarantee Expiry: The Guarantee shall expire:

(a) if the Participant is the successful Participant, upon our receipt of
copies of the Contract signed by the Participant and the
performance security issued to you upon the instruction of the
Participant; and
(b) if the Participant is not the successful Participant, upon the
earlier of (i) our receipt of a copy your notification to the
Participant of the name of the successful Participant; or (ii)
twenty-eight days after the expiration of the Participant’s Tender.

Any demand for payment under this guarantee must be received by the Guarantor on or before the expiry
date.

This guarantee is subject to the Uniform Rules for Demand Guarantees, ICC Publication No. 758 except that
article 15(a) is hereby excluded.

. . . . . . . . . . . . . . [Seal of Bank and Signature(s) of authorised representatives of the bank]. . . . .

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