Bid Bond Tender Guarantee Template for India

1. Extension Clause: Used when there's a possibility of tender evaluation period extending beyond initial validity

2. Counter Guarantee: Required when the guarantee is issued by a bank branch different from the bidder's bank

3. Digital/Electronic Execution: Required for e-tender submissions or when digital execution is permitted

4. Foreign Currency Provisions: Required when the bid bond is issued in foreign currency for international tenders

5. Multiple Beneficiary Clause: Used when there are multiple government agencies/entities as beneficiaries

6. Step-in Rights: Optional clause allowing other banks to step in and honor the guarantee

7. Dispute Resolution: Detailed arbitration clause when preferred over court jurisdiction

1. Schedule 1 - Tender Details: Complete details of the tender including specifications and requirements

2. Schedule 2 - Bank Details: Banking information including IFSC code, branch details, and contact information

3. Schedule 3 - Form of Demand: Prescribed format for making a demand under the guarantee

4. Appendix A - Board Resolution: Copy of board resolution authorizing the bid submission and guarantee

5. Appendix B - Power of Attorney: Authorization documents for signatories

6. Appendix C - KYC Documents: Required KYC documents of the bidder as per banking regulations