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Performance Bond Demand Letter
"I need a Performance Bond Demand Letter to claim SGD 2.5 million from United Bank following contractor ABC Construction's default on our commercial building project in Singapore, with the bond reference number PB2024/789 and supporting evidence of delays exceeding 180 days."
1. Addressee Details: Full name and address of the bank/financial institution that issued the bond
2. Bond Reference: Specific reference number and details of the performance bond being called upon
3. Project Reference: Details of the underlying project or contract covered by the performance bond
4. Demand Statement: Clear statement of demand under the performance bond including the specific amount being claimed
5. Default Description: Description of the breach or default that has triggered the bond call
6. Payment Instructions: Specific bank account details and payment instructions for the bond amount
1. Supporting Documentation Reference: Section referencing any attached evidence or documentation of default, included when required by bond terms
2. Prior Correspondence Reference: Reference to previous notices or correspondence regarding the default, included when there has been prior communication
3. Certification Statement: Statement certifying the authenticity of the claim, included when required by specific bond terms
1. Original Performance Bond: Copy of the original performance bond document as issued by the bank/financial institution
2. Default Notices: Copies of formal notices previously issued to the contractor regarding the default
3. Supporting Evidence: Compilation of documentation evidencing the contractor's default or breach
4. Authority Documentation: Documentation proving the authority of the signatory to make the demand under the bond
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