12.1 Within 15 days after the SELLER's receipt of notification of award of the CONTRACT, the SELLER shall furnish Performance Guarantee in the form of Bank Guarantee/irrevocable Letter of Credit to the PURCHASER, in the form provided in the Bidding Documents, for an amount equivalent to 10% ...
(no statement for partial periods shall be requested or accepted) SEAL AND SIGNATURE OF BIDDER 7 FORMAT FOR CERTIFICATE FROM BANK IF BIDDER'S WORKING CAPITAL IS INADEQUATE (To be provided on Bank's letter head) Date: To GAIL (India) Limited VAGHODIA Dear Sir, Certified that M/s ………...
The payment shall be released by GAIL by way of e-banking for which the bidder shall have to share their bank account number of ICICI / HDFC / SBI (branch with e-banking facility). Bills are to be submitted to EIC on or before 23rd of each month (excluding Holidays as per...