The Bank Guarantee Letter for Tender is a fundamental document in Pakistan's commercial and public procurement landscape. It is required when companies participate in tenders, particularly for government contracts, large-scale construction projects, or significant commercial undertakings. The document serves as a financial security, typically ranging from 1% to 5% of the tender value, protecting the tender issuer against potential withdrawal or non-compliance by the bidder. Under Pakistani law, these guarantees must be issued by authorized banking institutions and comply with the State Bank of Pakistan's regulations. The guarantee remains valid throughout the tender process and is typically released either upon the award of the contract (for unsuccessful bidders) or upon submission of a performance guarantee (for the successful bidder). The document must be drafted in accordance with Pakistani banking laws and practices, including the Banking Companies Ordinance 1962 and relevant State Bank of Pakistan directives.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Bank's Letterhead and Reference Number: Official letterhead of the issuing bank with unique reference number for the guarantee
2. Date and Place: Date of issuance and location of the issuing bank
3. Beneficiary Details: Full name and address of the entity receiving the guarantee (typically the tender issuer)
4. Guarantee Amount: The specific amount of the guarantee in both figures and words
5. Tender Reference: Details of the tender including tender number and project description
6. Principal Details: Full name and address of the party on whose behalf the guarantee is issued
7. Guarantee Terms: Core terms including validity period, conditions for invocation, and bank's undertaking
8. Expiry Clause: Clear statement of when the guarantee expires and under what conditions
9. Claim Period: Timeframe and process for making claims under the guarantee
10. Governing Law Statement: Reference to Pakistani law as the governing law
11. Authorized Signatures: Space for bank officials' signatures with their names and designations
1. Extension Clause: Used when there's a possibility that the tender process might be extended, allowing for guarantee extension
2. Assignment Restriction: Include when there's a need to explicitly prohibit the transfer or assignment of the guarantee
3. Reduction Clause: Used in cases where the guarantee amount may be reduced in stages based on specific milestones
4. Force Majeure Clause: Include for large tenders where force majeure events might affect the guarantee's execution
5. Multiple Bank Participation: Required when the guarantee is being issued jointly by multiple banks
6. Language Declaration: Include when the guarantee might be translated, specifying which language version prevails
1. Tender Details Schedule: Detailed description of the tender, including technical specifications and requirements
2. Bank's Authorization Schedule: Copy of the bank's internal approval and authority to issue the guarantee
3. Principal's Request Letter: Copy of the request letter from the principal requesting the bank guarantee
4. Tender Notice Reference: Copy of the original tender notice or invitation to bid
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Construction and Infrastructure
Public Sector and Government
Energy and Utilities
Manufacturing
Telecommunications
Defense Contracting
Transportation
Healthcare Infrastructure
Education Infrastructure
Mining and Natural Resources
Real Estate Development
Relevant Teams
Legal
Finance
Procurement
Business Development
Risk Management
Compliance
Treasury
Credit Administration
Commercial Operations
Project Management
Bid Management
Relevant Roles
Bank Manager
Credit Officer
Legal Counsel
Procurement Manager
Bid Manager
Project Manager
Contract Administrator
Financial Controller
Treasury Manager
Risk Manager
Compliance Officer
Business Development Manager
Commercial Director
Chief Financial Officer
Company Secretary
Find the exact document you need
Performance Bank Guarantee Charges
A Pakistani banking document specifying the fee structure and charges applicable to Performance Bank Guarantees under Pakistani law.
find out more
Bank Guarantee Construction Project
A Pakistani law-governed bank guarantee document securing contractor obligations in construction projects, issued by a bank to protect project owner interests.
find out more
Letter To Bank For Bank Guarantee
A formal request letter to a Pakistani bank for issuing a bank guarantee, outlining the guarantee details and security offered under Pakistani banking regulations.
find out more
Deferred Payment Bank Guarantee
A Pakistani law-governed bank guarantee document where a bank guarantees deferred payment obligations of a debtor to a beneficiary.
find out more
Mobilisation Advance Bank Guarantee
A bank guarantee under Pakistani law securing the repayment of advance payments made to contractors for project mobilisation.
find out more
Indemnity Bond For Bank Guarantee
A Pakistani legal document where an indemnifier commits to protecting a bank against losses arising from a bank guarantee issuance, governed by Pakistani banking and contract laws.
find out more
Bank Guarantee Letter For Tender
A financial instrument under Pakistani law where a bank guarantees payment to a tender issuer if a bidder defaults on their tender obligations.
find out more
Labour Bank Guarantee
A Pakistani banking instrument where a bank guarantees an employer's financial obligations towards its workers under Pakistani labor laws.
find out more
International Bank Guarantee
A Pakistani law-governed bank guarantee providing financial security in international transactions, incorporating local banking regulations and international standards.
find out more
Business Loan Guarantee
A Pakistani law-governed agreement where a guarantor secures a borrower's business loan obligations to a lender, establishing terms and conditions of the guarantee relationship.
find out more
Cheque Guarantee Letter
A bank-issued guarantee document under Pakistani law ensuring payment of specified cheque(s) to the beneficiary.
find out more
Bank Guarantee For Purchase Of Goods
A Pakistani law-governed bank guarantee document securing payment for goods purchase, issued by a bank to protect the seller against buyer's default.
find out more
Government Backed Bank Guarantee
A Pakistani law-governed financial instrument providing a bank guarantee backed by government sovereign support, ensuring payment to beneficiaries under specified conditions.
find out more
Bank Guarantee In International Trade
A bank-issued guarantee document under Pakistani law that secures payment or performance obligations in international trade transactions.
find out more
Guarantee Letter For Bank Loan
A legally binding document under Pakistani law where a guarantor commits to assuming responsibility for a borrower's loan obligations in case of default.
find out more
Return Of Original Bank Guarantee
A formal document under Pakistani law facilitating the return of an original bank guarantee to its applicant upon fulfillment of obligations or guarantee expiry.
find out more
Bank Guarantee Line
A Pakistani law-governed agreement establishing a bank guarantee facility, setting out terms for guarantee issuance, security arrangements, and regulatory compliance.
find out more
Guarantee Cheque Against Advance Payment
A Pakistani legal document providing security through a guarantee cheque against advance payments made in commercial transactions, governed by Pakistani banking and commercial laws.
find out more
Discharge Of Bank Guarantee
A Pakistani law-compliant document that formally releases a bank from its obligations under a previously issued bank guarantee, providing legal finality to the guarantee arrangement.
find out more
Corporate Guarantee And Bank Guarantee
A dual-purpose guarantee template for corporate and bank guarantees under Pakistani law, establishing terms for financial security and enforcement mechanisms.
find out more
Bank Loan Personal Guarantee
A Pakistani law-governed personal guarantee agreement securing bank loan obligations, establishing guarantor liability under local banking and contract laws.
find out more
Bank Guarantee And Performance Guarantee
A Pakistani law-governed bank and performance guarantee document providing financial security for contractual obligations between parties, backed by a bank's assurance of payment.
find out more
Bank Guarantee For Tender Security
A Pakistani law-governed bank guarantee providing financial security to tender issuers against bidder's non-performance or withdrawal of bid.
find out more
Bank Guarantee And Lc
Pakistani law-compliant Bank Guarantee and LC template, incorporating both conventional and Islamic banking requirements under local banking regulations.
find out more
Performance Security Bank Guarantee
A bank-issued guarantee under Pakistani law that secures the performance obligations of a contractor/supplier, providing financial protection to the project owner/employer.
find out more
Personal Banker's Guarantee
A bank-issued guarantee document under Pakistani law that provides financial security by ensuring payment to a beneficiary if a principal debtor defaults on their obligations.
find out more
Guarantor Letter For Bank Loan
A legally binding document under Pakistani law where a guarantor commits to repay a borrower's bank loan in case of default.
find out more
Bank Guarantor Letter
A formal bank undertaking governed by Pakistani law to pay a specified sum to a beneficiary upon the principal obligor's default or non-performance.
find out more
Bank Account Guarantee
A Pakistani law-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon the principal's default of obligations.
find out more
Bank Account Government Guarantee
A Pakistani law-governed guarantee document where the Government of Pakistan provides security for designated bank accounts, ensuring fund availability and transaction security.
find out more
Performance Guarantee In Tender
A bank-issued financial security instrument under Pakistani law that guarantees a bidder's performance obligations in a tender process.
find out more
Assurance Of Support Bank Guarantee
A bank-issued financial guarantee document under Pakistani law that ensures specified obligations will be met through bank support if the primary obligor defaults.
find out more
Authorization Letter To Collect Bank Guarantee
A formal Pakistani legal document authorizing a designated person to collect a bank guarantee on behalf of the authorizer, compliant with local banking regulations.
find out more
Performance Bank Guarantee In Tender
A Pakistani law-governed bank guarantee ensuring a tenderer's performance obligations in a tender process, issued by a bank to protect the procuring agency's interests.
find out more
Corporate Guarantee For Bank Loan
A Pakistani law-governed guarantee agreement where a corporate entity guarantees a borrower's loan obligations to a bank, serving as additional security for the lender.
find out more
Bid Security Bank Guarantee
A bank-issued financial guarantee under Pakistani law that secures a bidder's obligations in a tender process, protecting the procuring entity against bid withdrawal or non-performance.
find out more
Bank Guarantee For Deposit
A Pakistani law-compliant bank guarantee document where a bank guarantees payment of a specified deposit amount to a beneficiary on behalf of a principal debtor.
find out more
Surety Bond Bank Guarantee
A Pakistani law-governed bank guarantee where a bank assures payment or performance on behalf of a principal debtor to a beneficiary.
find out more
Bank To Bank Guarantee
A legally binding guarantee agreement between two banks under Pakistani law, where one bank guarantees specified financial obligations to another bank.
find out more
Bank Surety Letter
A Pakistani law-compliant banking instrument where a bank guarantees payment to a beneficiary if a principal debtor defaults on their obligations.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)