Tenders Are Invited For Purchase Of Material For Fabrication Of Bed Head Panels For Prep Rooms Of Operation Theaters At University Hospital Werahera BID BOND GUARANTEE A If The Quoted Bid Value Exceeds Rs 2 000 000 00 Such Bids Should Be Accompanied With 1 Of Bid Value An On Demand And Unconditional Bid Bond Guarantee For A Sum Of Rs In The Format Given In Annex C Through A Recognized LocalBank Or Insurance Company Registered In Sri Lanka Which Is Authorized By The Insurance Board Of Sri Lanka To Issue Such Bid Guarantees All Bid Bond Guarantees Should Be Valid For At Least 30 Days More Than The Validity Period Of Bids Is For 150 Days From The Date Of BidOpening Cheques Will Not Be Accepted As Bid Guarantee PERFORMANCEBOND GUARANTEE A Successful Bidder Shall Furnish A PerformanceBond Guarantee In The Form Of On Demand Unconditional Bank Insurance Guarantee For A Sum Equivalent To 10 Of TheContract Value For Every Contract That Exceeds Rs 2 000 000 00 Or Equivalent Amount In Foreign Currency Through A RecognizedCommercial Bank Registered In Sri Lanka Or Through An Insurance Company Authorized By The Insurance Board Of Sri Lanka To IssueSuch Performance Guarantee For This Purpose Within Two Weeks From The Date Of Notification Of Award The Proceeds Of ThePerformance Bond Guarantee Shall Be Payable To The Vice Chancellor Of The General Sir John Kotelawala Defence University AsCompensation For Any Loss Resulting From The Supplier S Failure To Complete His Performance Obligations Under The Contract If TheContracted Supplier Fails To Deliver The Items On Time Or Fails To Complete The Works As Per The Agreed Contract THE TOTAL VALUEOF THE PERFORMANCE BOND GUARANTEE Will Be Forfeited If Only Partial Delivery Is Made During The Agreed Contract Period The Corresponding Value Percentage Of Undelivered Quantity From The Performance Bond Guarantee Will Beforfeited
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