Contract No.

: GEMC-511687740537521
Dated: 14-02-2024

ePBG Draft Document

"(To be on non-judicial stamp paper of appropriate stamp duty value relevant to the
place of execution)"
Bank Guarantee Format for Performance Security

Beneficiary:

Sr.Manager
Damodar Valley Corporation, Contracts and Materials, Damodar Valley Corporation,
Ministry of Power
(Sumanta Mandal)

(hereinafter referred to as Beneficiary / Government)

Date: .................. [ date of issue of BG] (To be filled by issuing bank) .....................

PERFORMANCE BANK GUARANTEE No.: ......................[ guarantee number] (To be filled by issuing
bank)......................

PERFORMANCE BANK GUARANTEE Amount: Rs 129,800.00(One Lakh Twenty Nine Thousand

Eight Hundred Rupees )

Contract No.: GEMC-511687740537521

Bid Number: GEM/2023/B/3647290

Applicant / Seller:
Sandeep
M/S DARLING PUMPS PRIVATE LIMITED
DARLING PUMPS PRIVATE LIMITED, Opp. Govardhan Nagar, L.B.S Marg,,124-125, B
Wing,1st Floor, Runwal Commercial Complex, Mumbai MULUND WEST,MUMBAI
MAHARASHTRA 400080

Guarantor: .... [ name and address of the issuing Bank] (To be filled by issuing bank).................

1. The Applicant / Seller named above has entered into above referred contract with the
Beneficiary on behalf of President of India/Governor of State/Chairman, CMD, Secretary,
Commissioner etc. of Central/State PSUs/Departments for the supply of Goods and / or Services as
defined in the said contract. According to the conditions of the Contract, a performance security is
required to be furnished by the Seller to the Beneficiary for due performance of the contract.

2. At the request of the Applicant, we as Guarantor, hereby irrevocably undertake to pay the
Beneficiary any sum or sums not exceeding in total an amount of 129,800.00(One Lakh Twenty
Nine Thousand Eight Hundred Rupees ), upon receipt by us of the Beneficiary's demand
stating that the Applicant is in breach of its obligation(s) under the Contract, without the
Beneficiary needing to prove or to show grounds for your demand or the sum specified therein.

3.We do hereby undertake to pay the amount due and payable under this Guarantee without any

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demur, merely on a demand from the Beneficiary / Government. Any such demand made on the
Bank shall be conclusive as regards the amount due and payable by the Bank under this
Guarantee. However, our liability under this guarantee shall be restricted to an amount not
exceeding Rs. 129,800.00(One Lakh Twenty Nine Thousand Eight Hundred Rupees )

4.We undertake to pay the Government any money so demanded not withstanding any dispute or
disputes raised by Seller(s)in any suit or proceeding pending before any Court or Tribunal relating
thereto liability under this present being absolute and unequivocal.

5.The payment so made by us under this Bond shall be a valid discharge of our liability for
payment thereunder and the Seller (s) shall have no claim against us for making such payment.

6.We further agree that the Guarantee here in contained shall remain in full force and effect during
the period that would be taken for the performance of the said Contract including Guarantee/
Warrantee period and that it shall continue to be enforceable till all the dues of the Government
under or by virtue of the said Contract have been fully paid and its claims satisfied or discharged.

7.We further agree with Government that the Government shall have the fullest liberty without our
consent and without affecting in any manner our obligations hereunder to vary any of the terms
and condition of the said Contractor to extend time of performance by the said Seller(s) from time
to time or to postpone any time or from time to time powers exercisable by the Government
against the said Seller(s) and to forbear or enforce any of the terms and condition relating to the
said Contract and we shall not be relieved from our liability by reason of any such variation, or only
extension being granted to the said Seller(s) or for any forbearance,act or omission on the part of
the Government or any indulgence by the Government to the said Seller(s) or by any such matter
or thing whatsoever which under the law relating to sureties would, but for this provision, have
effect of so relieving us.

8.Notwithstanding anything contained herein above our liability under the Guarantee is restricted
to Rs. 129,800.00(One Lakh Twenty Nine Thousand Eight Hundred Rupees ) and shall
remain in force until .

9.This Guarantee will not be discharge due to be change in the constitution of the Bank or the
Seller (s).

10.We lastly undertake not to revoke this Guarantee during its currency except with the previous
consent of the Government in writing.

Dated .................
For...........................................................................
(Indicate the name of the Bank)
Signature..................................................................
Name of the Officer.................................................
Designation of the officer .......................................
Code no ...................................................................
Name of the Bank and Branch.................................

Advisory: For Applicant and its BG Issuing Bank Branch.

Not the integral part of the Paper BG as above.
It is to be noted that paper PBG will not be operational unless same is transmitted to the advisory
bank through SFMS platform. For ready reference and updation of BG in GEM portal, it is necessary
that BG issuing bank send the BG advice in the form of message format 760COV via SFMS

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 (structural financial messaging system) as provided by RBI.

In the event of BG issuing bank not sending the message 760COV or committing any error while
capturing the details atleast in the below field, BG confirmation may not happen and subsequent
processing may get stopped.
BG advising message - 760COV via SFMS
Fields Number Particulars
7039 GEMC-511687740537521
7025 129800
7029 2025-10-14(YYYY-MM-DD)
7033 GEM/S/DARLING PUMPS PRIVATE
LIMITED/597600
7034 GEM/GO/2760975
7035 (Non mandatory) SBIN00DGSND
7036 (Non mandatory) New Delhi Main Branch, STATE BANK OF INDIA
FOREX DIVISION, 6TH FLOOR 11 PARLIAMENT
STREET,NEW DELHI
Please note that your bank while issuing the BG ensure that above information is correctly
captured as mentioned above in BG advising message i.e. 760COV

In case of any error by the applicant or BG issuing banker, neither GEM or its service partners
would be responsible for any consequences whatsoever it may be.
Note:
1) If issuing bank does not adhere to advisory GeM will not be responsible.
2) PBG shall be issued within 72 hour's by the SFMS otherwise system will not recognize the
receipt for placing the order by buyer.
3) Bank shall mandatorily use SFMS 760COV message protocal for inland BG.
4) Download IBA Guide Line of SFMS from https://gem.gov.in/support for the details instruction.

---Thank You---

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