Performance Bank Guarantee

To,
Chairman,
GPWSC,
Village Said Jalalpur,
Block Dharamkot,
District Moga

Whereas Sarwan Kumar Saini, Village: Dharamgarh, P.O Lalru, Tehsil Derabassi,
District S.A.S Nagar (Pb) 140501 (Herein after called “the contractor”) has undertaken, in
pursuance of contract no. PRWSS-W-DIV41-9178-1 to execute the work of
Augmentation of Water Supply Scheme in Village Said Jalalpur, Block Dharamkot,
District Moga (Under PRWSSIP-Sub Component 1A(iii)/JJM) (hereinafter called “the
contract”)

And whereas it has been stipulated by you in said contract that the contractor shall
furnish you with a bank Guarantee by a recognized bank for the sum specified therein as
security for Compliance with his obligation in accordance with the contract;

And whereas we have agreed to give the Contractor such a bank Guarantee;

Now, therefore we, Punjab National Bank, Branch Office Lalru (hereinafter referred to as
guarantor bank term include successor or assignee), hereby affirm that we are the
Guarantor and Responsible to you, on behalf of contractor, up to total of Rs.202410/-
(Two Lac Two Thousand and Four Hundred Ten Rupees) which include Performance
Security of Rs. 199000/-( One Lac Ninety Nine Thousand Rupees) and Additional
performance Security of Rs. 3410/-( Three Thousand Four Hundred and Ten Rupees) ,
such sum being payable in the types and proportions of currencies in which the contract
price is payable ,and we are undertake to pay you ,upon your first written demand and
without cavil or argument , any sum or sums within the limits of Rs Rs.202410/-(Two Lac
Two Thousand and Four Hundred Ten Rupees) as aforesaid without your needing to
prove or to show grounds or reasons for your demand for the sum specified therein.

We hereby waive the necessity of your demanding the said debt from the contractor
before presenting us with the demand.

We further agree that no change or addition to or other modification of the terms of the
contract or of the work to be performed thereunder or of any of the contract
documents, which may be made between you and the contractor shall in any way
release us from any liability under this Guarantee, and hereby waive notice of any such
change, addition or modification.

This Guarantee shall be valid till the expiry of the period of maintenance i.e upto
25.04.2023

(a) Notwithstanding anything contained herein above, Our liability under this Bank
Guarantee will be limited to Rs.202410/-(Two Lac Two Thousand and Four
Hundred Ten Rupees) and shall remain valid upto 25.04.2023 ( Date of Expiration
of Bank Guarantee) and we are liable to pay the guaranteed amount or any part
thereof under this Bank Guarantee only and only if you serve upon us a written
claim duly received by an authorized official of the bank or demand on or before
25.04.2023 (Date of Expiration of Bank Guarantee ) (Including claim period of
any, from the Date of Expiry of Bank Guarantee as mentioned above)

Date: Seal
Place: