Head Ofce: Trade Finance Unit, Ramshahpath Kathmandu, Nepal, Tl 01-4252369 (xt 2316) Phone No.01-4418539 Pes Fax No.01-4420367 Sub: Bid Security (Bank Guarantee) Beneficiary: Barhabise Muni Barhabise, Sindhupalchok Date: 2077/07/18 Bid Security No.:B.B.01130107541220 RefN:220 We have been informed that Tung Tung Mahadev Nirman Sewa, Barhabise :6, Sindhupalehok (hereinafter called "the Bidder") intends to submit its bid (hereinafter called"the Bid") to you for the execution of, Contract No. BMP/NCBIW-01/2077-078 Upgrading of Gati Road Baseri- Dandakateri-Gati Section) under invitation for Bids No. BMP/NCB/W-01/2077-078 ("the IFB), Furthermore, we understand that, according 1 your conditions, bids must be supported by a bid guarantee. ‘At the request of the Bidder, We Agricultural Development Bank Ltd., Branch Office Maitidevi (Kathmandu) hereby irrevocably undertake to pay you any sum or sums not exceeding in total an amount of Nrs4,20,000.00(Sav Nrs.Four Lakhs Twenty Thousand only) upon receipt by us of your first demand in writing accompanied by a written statement siating that the Bidder isin breach of is obgligation(s) under the bid conditions,because the Bidder (@) has withdrawn or modifies its Bid during the period of bid validity specified by the Bidders in the Form of Bid; or (b) does not accept the correction of errors in accordance with the instructions to {ders (hereinatter’the ITB"); oF (©) Having been notified ofthe acceptance of its Bid by the Employer during the period of bid Validity.) Fails or refuses ti execute the Contract Agreement, or (li) fail or refuses to to furnish the performance security, in accordance with ITB. (@ is involved in fraud and corruption in accordance with the ITB. ‘This guarantee will remain in force up to and including the date 18-07-2077 number 130(One Thirty Fifty) days after the deadline for submission of Bids as such deadfine is stated in the instructions to Bidders or as it may be extended by the Employer, notice of which extension(s) to the Bank is hereby ‘waived. Any demand in respect of this guarantee should reach the Bank not later than above date. ‘This Bank Guarantee shall not be withdrawn or released merely upon return of the original guarantee by the Bidder unless notified by you for the release ofthe guarantee ‘This guarantee is subject to th form Rules for Demand Guarantee, ICC Publication No.758. a A® E-mail: radefinance@adbl.govnp, URL; myw.adbl gownp, 4262600, 4253819, 4216967, Fax: 01-4212411, 4252387 SWIFT: ADBLNPKA