Performance Bank Guarantee In Tender Template for South Africa

1. Transfer and Assignment: Section specifying whether the guarantee can be transferred or assigned to another party. Include when the tender allows for potential assignment of rights.

2. Multiple Claims Provision: Section detailing whether multiple claims are permitted and how they would be handled. Include for large or complex tenders.

3. Language Declaration: Section specifying the prevailing language when the guarantee is issued in multiple languages. Include when the guarantee might be used internationally.

4. Force Majeure: Section addressing extraordinary circumstances that might affect the guarantee's operation. Include for long-term or high-value guarantees.

5. Counter-Guarantee References: Section referencing any counter-guarantees when the guarantee is issued through multiple banks. Include in international tenders.

6. Electronic Presentation: Section specifying terms for electronic presentation of documents and claims. Include when electronic submissions are accepted.

1. Appendix A - Demand Format: Standard format for making a demand under the guarantee

2. Appendix B - Tender Details: Detailed description of the tender requirements and specifications

3. Appendix C - Authentication Procedure: Procedures for verifying the authenticity of demands and communications

4. Schedule 1 - Authorized Signatories: List of persons authorized to make demands under the guarantee

5. Schedule 2 - Supporting Documents: List of required supporting documents for making a valid claim