In terms of Rules 48 of Public Procurement Rules, 2004 Grievance Redressal Committee (GRC) is notified for the subject procurement and notification copy is available on the procuring agency’s website and also available on EPADS v2.0 as well as Authority’s website at (www.ppra.org.pk).
Port Qasim Authority (Port Qasim Authority - PQA), Director
Office of the Director General (Finance), Chairman Secretariat, Port Qasim Authority, Bin Qasim, Karachi - 75020, Bin Qasim Sub-Division, Malir (District), Karachi (Division), Sindh (Province).
+92-321-821-7264
dir.accounts@pqa.gov.pk
The following specific data for the procurement of Consultancy Services to be procured shall complement, supplement, or amend the provisions in the Instructions to Bidders (ITB). Whenever there is a conflict, the provisions herein shall prevail over those in ITB.
BDS Clause Number
ITB Number
Amendments of, and Supplements to, Clauses in the Instruction to Bidders
1
1.1
Name of Procuring Agency: Port Qasim Authority (Port Qasim Authority - PQA)
The subject of procurement is: HIRING FOR THE SERVICES OF TAX CONSULTANCY FIRM
Financial year for the operations of the Procuring Agency: 2026-27
Name and identification number of the Contract: P86605
BDS Clause Number 2
ITB Number 1.2 & 9.1
The Bidders may seek clarifications through EPADS v2.0: Clarification Date: Monday, September 14, 2026
BDS Clause Number 3
ITB Number 4.1
The language of the proposals is: English
BDS Clause Number 4
ITB Number 6.1
Participation of Sub-consultants, Key Experts and Non-Key Experts in more than one Proposal is permissible? No
BDS Clause Number 6
ITB Number 7.1
Proposals shall be valid until 120 Days
BDS Clause Number 7
ITB Number 9.1
List of documents required along with the bid:
BDS Clause Number 8
ITB Number 10.2
The Consultant’s Proposal must include the minimum Key Experts’ time-input of __________person-months.
For the evaluation and comparison of Proposals only: if a Proposal includes less than the required minimum time-input, the missing time-input (expressed in person-month) is calculated as follows:
The missing time-input is multiplied by the highest remuneration rate for a Key Expert in the Consultant’s Proposal and added to the total remuneration amount. Proposals that quoted higher than the required minimum of time-input will not be adjusted. ]
BDS Clause Number 9
ITB Number 105
The price shall be Adjustable.
Price schedule will be provided according to the format defined and acquired. see section price schedule.
BDS Clause Number 10
ITB Number 11.1
The qualification criteria to establish the supply / production capability of the bidder.
see Eligibility Criteria
BDS Clause Number 11
ITB Number 7.6
Services and Their related documents:
See section Required Services and ToR
BDS Clause Number 12
ITB Number 8.1 & 8.2
The amount of Bid Security shall be as defined in Bid Security Section for items and lots given in BDS 6
The Bid Security shall be in the form of: Pay Order
BDS Clause Number 13
ITB Number 13.1
Currency of the Bids shall be : PKR
BDS Clause Number 14
ITB Number 14.1
Proposal shall be submitted online on EPADS v2.0 whereas hard copy of the bid security should be submitted to the following;
Office of the Director General (Finance), Chairman Secretariat, Port Qasim Authority, Bin Qasim, Karachi - 75020, Bin Qasim Sub-Division, Malir (District), Karachi (Division), Sindh (Province).
Bids that are not submitted on EPADS v2.0 shall be disqualified.
The deadline for Bids submission is: Friday, September 18, 2026 12:00 PM
BDS Clause Number 15
ITB Number 15.1
The Bids opening shall take place on EPADS v2.0.
Day : Friday
Date: Friday, September 18, 2026
Time : 12:30 PM
BDS Clause Number 16
ITB Number 20
Selection technique adopted will be: Quality and Cost Based Selection (QCBS)
see Evaluation Criteria
BDS Clause Number 18
ITB Number 21.5
The Performance guarantee shall: 3.33%.
The Performance Guarantee shall be acceptable in the form of: Bank Guarantee
BDS Clause Number 19
ITB Number 24.1
Grievence against this procurement shall be submitted online on EPADS v2.0.
| Bidder's Type | Required Registration |
|---|---|
|
Partnership Firm |
FBR (NTN) FBR (GSTN) Registrar of Firms |
| Eligibility Criteria | Document |
|---|---|
| Chartered Accountant firms registered with Income Tax and Sales Tax departments and on Active Taxpayer List (ATL) of Federal Board of Revenue (FBR), and having experience of handling tax matters of Govt. / Semi Govt. / Autonomous Bodies and Corporations are invited to participate in the tender. | Yes |
Quality and Cost Based Selection (QCBS)
Weightage
| Technical Evaluation % | Financial Evaluation % |
|---|---|
| 70 | 30 |
| Technical Marks | 125 | |
|---|---|---|
| Passing Marks | 69 | |
| Technical Evaluation Criteria | ||
| Establishment / Registration of Firm: Years of establishment
Note:
A minimum score of 50% in this category is required for technical qualification. (Qualitative)(Doc Required) More than 70 years (20) 61β70 years (15) 41β60 years (10) 31β40 years (5) Below 30 years (3) | 20 | |
| Number of partners in Karachi Office
Note:
A minimum score of 50% in this category is required for technical qualification. (Qualitative)(Doc Required) 25 or more Partners (20) 17 β 24 Partners (15) 9 β 16 Partners (10) 1 β 8 Partners (5) | 20 | |
| Number of Qualified Staff in Karachi Office
Note:
A minimum score of 50% in this category is required for technical qualification. (Qualitative)(Doc Required) More than 150 staff (10) 101β150 staff (8) 61β100 staff (6) 31β60 staff (4) Up to 30 staff (2) | 10 | |
| Experience of Govt./Semi Govt. Organization
Note:
A minimum score of 50% in this category is required for technical qualification. (Qualitative)(Doc Required) More than 10 entities (15) 6β10 entities (10) 3β5 entities (5) | 15 | |
| Financial strength :
Average Gross Revenue for the last 3 financial years β (3 years financial statements must be provided) (Qualitative)(Doc Required) More than Rs. 9 billion (20) Over Rs. 7 billion to Rs. 9 billion (15) Over Rs. 3 billion to Rs. 7 billion (10) Rs. 1billion to Rs. 3 billion (5) Less than Rs. 1 billion (3) | 20 | |
| Affiliation:
International affiliation / membership (Qualitative)(Doc Required) Affiliation with a globally recognized international professional services / accountancy network or foreign firm, evidenced by a current affiliation certificate, and undertaken to be maintained intact for the entire tenure of the engagement contract, if yes (10) | 10 | |
| Formal presentation to be delivered to the concerned Committee covering: (i) detailed understanding of PQA's tax obligations under all applicable laws; (ii) step-by-step execution plan including a tax compliance calendar and responsibility matrix; (iii) proposed team structure with partner-level oversight and key personnel CVs; (iv) risk identification and proposed mitigation measures; (v) KPI and SLA framework for service delivery; (vi) 90-day onboarding and transition roadmap; (vii) the firm's approach to past engagements with Govt.-owned entities and relevant experience thereof; and (viii) adequacy of tools, digital platforms and technology infrastructure used by the firm for managing large-scale tax compliance assignments, including integrated client management systems, automated file maintenance and records management capabilities, and any global knowledge platforms or methodology guides utilised. The Steering Committee shall award marks based on the overall quality, depth, demonstrated experience and practical applicability of the presentation to PQA's specific requirements. (Qualitative)(Doc Required) Excellent β comprehensive strategy, detailed execution plan, strong Govt. entity track record, full KPI framework, and robust technology infrastructure demonstrated (30) Good β strong methodology, relevant Govt. entity experience evidenced, minor gaps only (25) Satisfactory β adequate methodology and standard approach demonstrated (17) Developing β partial coverage of required areas (10) Inadequate β fails to address key areas (5) | 30 | |
Positions Without Lots :
| Position | Delivery Schedule | Quantity | Bid Security |
|---|---|---|---|
| HIRING FOR THE SERVICES OF TAX CONSULTANCY FIRM |
Address: Administration Building I, Port Qasim Authority, Ministry of Maritime Affairs, Bin Qasim, Karachi 75020, Bin Qasim Sub-Division, Malir (District), Karachi (Division), Sindh (Province). Schedule: 10 days Quantity: 1/job Quantity: 1 job |
1/job | 100000 PKR |
No
Positions Without Lots :
Position: HIRING FOR THE SERVICES OF TAX CONSULTANCY FIRM
TORs (Terms of Reference):
The contract shall remain effective for Three (03) years. At the end of the term, the Authority may review the engagement and, at its discretion, extend it for a further two (02) years on the same terms. If the Authority terminates the contract during its term, one (01) month’s notice shall apply.
The tax consultancy firm shall assist PQA with tax planning, optimization and compliance under all applicable laws and regulations. The engagement shall cover Income Tax, Federal Sales Tax, Federal Excise Duty (FED) and Sindh Sales Tax on Services, including statutory compliance, assessments, monitoring, audits, appeals, Alternative Dispute Resolution (ADR), refunds, compensation claims, advisory services and related matters.
5.1 Periodic Statutory Compliance
Under the Income Tax Ordinance, 2001, Income Tax Rules, 2002, Sales Tax Act, 1990, Federal Excise Act, 2005 and Sindh Sales Tax on Services Act, 2011, the Firm shall assist PQA with:
• Tax optimization and filing schedules.
• Preparation of periodic statements and returns from relevant PQA departments.
• Preparation of draft returns and submission to relevant Directors for approval before filing.
• Review of advance tax calculations/payments and related statements.
• Updating PQA on significant tax law changes.
• Tax advice for PQA employees and annual filing extensions.
5.2 Tax Optimization
The Firm shall provide daily advice on tax optimization, Income Tax, Sales Tax, FED, SRB and withholding tax.
5.3 Tax Returns, Assessments, Monitoring and Audits
The Firm shall obtain PQA information for returns, assessments, withholding tax, rectifications and audits. Three (03) dedicated full-time personnel shall serve PQA exclusively and act as the Firm’s FBR e-intermediary.
Their duties shall include:
• Monthly FBR sales tax returns, annexures and schedules.
• Monthly reconciliation of output tax in PQA ledgers/system reports with filed returns and submission to the relevant Director.
• Transaction-wise sales tax payable records, including PQA withholding.
• Party-wise input tax reconciliation with ledgers and returns, including unclaimed input tax.
• Preparation and filing of quarterly/annual withholding tax returns, with party-wise records, ledger reconciliation and monthly management reporting.
• Directors’ approval before filing returns.
• Responding to tax notices, attending hearings and submitting replies using information supplied by PQA.
• Representation before assessing and senior tax authorities in related proceedings.
• Obtaining assessment, monitoring, rectification, audit, refund and compensation orders and advising PQA on outcomes and future action.
• Seeking rectification, assisting with schedules and reviewing show-cause notices.
5.4 Appellate / ADR Proceedings
The Firm shall prepare and file appeals before the Commissioner (Appeals), ADRC and Appellate Tribunal Inland Revenue, including grounds, arguments, case law, hearings and follow-up.
The Firm shall defend PQA before authorized forums and assist legal counsel in High Court, Supreme Court and Federal Constitutional Court matters.
5.5 Refunds
For refunds of Income Tax, Sales Tax, FED or Sales Tax on Services, the Firm shall prepare and file applications, pursue them, obtain refund orders and claim compensation for delayed refunds when necessary.
5.6 Updating on New Developments
The Firm shall update PQA on tax law changes concerning withholding tax, advance tax and Income Tax, Sales Tax, FED and Sales Tax on Services return filings.
5.7 Other Non-Routine Services
Upon request, the Firm shall provide advisory and filing services for direct and indirect tax matters not otherwise included, including:
• Withholding tax compliance for agreements, contracts and transactions, including payment challans and related documents.
• Tax advice on procurement, disposals and contracts based on PQA information and documents.
• Advice on other Income Tax, Sales Tax, FED and Sindh Sales Tax on Services matters.
• Assistance with complaints before Federal/Provincial Tax Ombudsmen and representation before ADRC.
• Necessary papers and assistance to PQA’s advocates for High Court and Supreme Court matters.
• Representation before FBR, Federal/Provincial Ombudsmen and appeals before the President of Pakistan.
• Assistance concerning taxation of payments to non-residents.
• Other recurring taxation requirements not covered above.
5.8 Exemption Certificates
The Firm shall obtain exemption or nil withholding certificates for PQA when required, including applications, appearances, proceedings and follow-up until duly obtained.
For Individual Positions
| # | Position Title | Quantity | Unit Price (PKR) | Total Price (PKR) | Delivery Location | Delivery Period / Year | Country of Origin |
|---|---|---|---|---|---|---|---|
| 1 | |||||||
| 2 |
| # | Lot Title | Total Lot Price (PKR) | Country of Origin |
|---|---|---|---|
| 1 | [Lot 1 Title] |
The following Special Conditions of Contract shall supplement the General Conditions of Contract. Whenever there is a conflict, the provisions herein shall prevail over those in the Conditions of Contract. The corresponding clause number of the GCC is indicated in parentheses.
Number of GC Clause
Amendments of, and Supplements to, Clauses in the General Conditions of Contract>
Number of GC Clause 3.1
The Contract shall be interpreted in accordance with the laws of Islamic Republic of Pakistan
Number of GC Clause 4.1
The language is English
Number of GC Clause 6.1 and 6.2
The addresses are:
The Procuring Agency is: Port Qasim Authority (Port Qasim Authority - PQA), Director Office of the Director General (Finance), Chairman Secretariat, Port Qasim Authority, Bin Qasim, Karachi - 75020, Bin Qasim Sub-Division, Malir (District), Karachi (Division), Sindh (Province).
The Consultant Address:
The title of the subject procurement is:HIRING FOR THE SERVICES OF TAX CONSULTANCY FIRM
Number of GC Clause 8.1
[Note: If the Consultant consists only of one entity, state “N/A”;Or
The Lead Member on behalf of the JV is ___________ ______________________________ [insert name of the member]
Number of GC Clause 9.1
The Authorized Representatives are:
The Authorized Representatives are:
For the Procuring Agency:
Port Qasim Authority (Port Qasim Authority - PQA), Director
Office of the Director General (Finance), Chairman Secretariat, Port Qasim Authority, Bin Qasim, Karachi - 75020, Bin Qasim Sub-Division, Malir (District), Karachi (Division), Sindh (Province).
+92-321-821-7264
dir.accounts@pqa.gov.pk
For the Bidder:
Name: ………………………
Designation: ……………..
Address: ……………………………..
Number of GC Clause 11.1
[Note: If there are no effectiveness conditions, state “N/A”]OR
List here any conditions of effectiveness of the Contract]
The effectiveness conditions are the following: [insert “N/A” or list the conditions]
Termination of Contract for Failure to Become Effective:
The time period shall be _______________________ [insert time period, e.g.: four months].
Commencement of Services:
The number of days shall be_________________ [e.g.: ten].
Confirmation of Key Experts’ availability to start the Assignment shall be submitted to the Procuring Agency in writing as a written statement signed by each Key Expert.
Expiration of Contract:
The time period shall be ________________________ [insert time period, e.g.: twelve months].
Number of GC Clause 23.1
No additional provisions.
The following limitation of the Consultant’s Liability towards the Procuring Agency can be subject to the Contract’s negotiations:
Compliance: Tax returns, statements, advance tax, extensions and legal updates. Optimization: Tax planning and advice on Income/Sales Tax, FED, SRB and withholding tax. Returns/Audits: Filing, reconciliation, audits, assessments, notices, hearings and rectifications. Appeals/ADRC: Appeal preparation, filing and representation. Refunds: Refund claims, orders and compensation. Updates: Tax law and compliance updates. Other: Advisory, ombudsman, litigation and non-resident tax support.
Number of GC Clause 24.1
The insurance coverage against the risks shall be as follows:
(a) Professional liability insurance, with a minimum coverage of ______________________ [insert amount and currency which should be not less than the total ceiling amount of the Contract];
Number of GC Clause 33. Removal of Experts or Sub-consultants
[Note to Procuring Agency: include the following for supervision of infrastructure contracts (such as Plant or Works) and for other consulting service where the social risks are substantial or high, otherwise delete.]
Price adjustment on the remuneration …………….. [insert “applies” or “ does not apply”]
[If the Contract is less than 18 months, price adjustment does not apply.
If the Contract has duration of more than 18 months, a price adjustment provision on the remuneration for foreign and/or local inflation shall be included here. The adjustment should be made every 12 months after the date of the contract for remuneration in foreign currency and – except if there is very high inflation in the Procuring Agency’s country, in which case more frequent adjustments should be provided for – at the same intervals for remuneration in local currency. Remuneration in foreign currency should be adjusted by using the relevant index for salaries in the country of the respective foreign currency (which normally is the country of the Consultant) and remuneration in local currency by using the corresponding index for the Procuring Agency’s country. A sample provision is provided below for guidance:
Payments for remuneration made in [foreign and/or local] currency shall be adjusted as follows:
{or }
where
Rf is the adjusted remuneration;
Rfo is the remuneration payable on the basis of the remuneration rates (Appendix C) in foreign currency;
If is the official index for salaries in the country of the foreign currency for the first month for which the adjustment is supposed to have effect; and
Ifo is the official index for salaries in the country of the foreign currency for the month of the date of the Contract.
{or }
where
Rl is the adjusted remuneration;
Rlo is the remuneration payable on the basis of the remuneration rates (Appendix D) in local currency;
Il is the official index for salaries in the Procuring Agency’s country for the first month for which the adjustment is to have effect; and
Ilo is the official index for salaries in the Procuring Agency’s country for the month of the date of the Contract.
The currency of payment shall be the following: PKR
[The advance payment could be in either the foreign currency, or the local currency, or both; select the correct wording in the Clause here below. The advance bank payment guarantee should be in the same currency(ies)]
The following provisions shall apply to the advance payment and the advance bank payment guarantee:
Following is the guidance for Dispute Resolution
Notwithstanding any reference to the arbitration herein, the parties shall continue to perform their respective obligations under the Contract unless they otherwise agree that the Authority shall pay the Bidder any monies due to the Bidder.
Arbitrator’s fee:
The fee shall be specified in Pak Rupees, as determined by the Arbitrator, which shall be shared equally by both parties.
Appointing Authority for Arbitrator:
By the Mutual Consent or in accordance with the provisions of Arbitration Act, 1940, in case the parties fail to reach a consensus on the name of sole arbitrator, any party may submit an application to the Chief Justice Islamabad High Court for appointment of sole arbitrator. The Chief Justice IHC may appoint a former judge of any High Court or Supreme Court as the sole arbitrator to resolve the dispute between the parties.
Rules of procedure for arbitration proceedings:
Any dispute between the Authority and a Bidder who is a national of the Islamic Republic of Pakistan arising in connection with the present Contract shall be referred to adjudication or arbitration in accordance with the laws of the Islamic Republic of Pakistan including Arbitration Act 1940, however above provision shall prevail in referring the case to the Arbitrator.
Place of Arbitration and Award:
The arbitration shall be conducted in English language and place of arbitration shall be at Islamabad. The award of the arbitrator shall be final and shall be binding on the parties.
Date: [insert date (as day, month and year)]
Bid No.:P86605
To: Port Qasim Authority (Port Qasim Authority - PQA), Director Office of the Director General (Finance), Chairman Secretariat, Port Qasim Authority, Bin Qasim, Karachi - 75020, Bin Qasim Sub-Division, Malir (District), Karachi (Division), Sindh (Province).
We, the undersigned, declare that:
We understand that, according to your conditions, Bids must be supported by a Bid Securing Declaration.
We accept that we will be blacklisted and henceforth cross debarred for participating in respective category of public procurement proceedings for a period of (not more than) six months, if fail to abide with a bid securing declaration, however without indulging in corrupt and fraudulent practices, if we are in breach of our obligation(s) under the Bid conditions, because we:
We understand this Bid Securing Declaration shall expire if we are not the successful
Bidder, upon the earlier of (i) our receipt of your notification to us of the name of the successful Bidder; or (ii) twenty-eight (28) days after the expiration of our Bid.
This CONTRACT (hereinafter called the “Contract”) is made the [number] day of the month of [month], [year], between, on the one hand, [name of Procuring Agency or Recipient] (hereinafter called the “Procuring Agency”) and, on the other hand, [name of Consultant] (hereinafter called the “Consultant”).
[If the Consultant consist of more than one entity, the above should be partially amended to read as follows: “…(hereinafter called the “Procuring Agency”) and, on the other hand, a Joint Venture consisting of the following entities, each member of which will be jointly and severally liable to the Procuring Agency for all the Consultant’s obligations under this Contract, namely, [name of member] and [name of member] (hereinafter called the “Consultant”).]
WHEREAS
NOW THEREFORE the parties hereto hereby agree as follows:
The following documents attached hereto shall be deemed to form an integral part of this Contract:
In the event of any inconsistency between the documents, the following order of precedence shall prevail: the Special Conditions of Contract; the General Conditions of Contract, including Attachment 1; Appendix A; Appendix B; Appendix C and Appendix D; and Appendix E. Any reference to this Contract shall include, where the context permits, a reference to its Appendices.
2. The mutual rights and obligations of the Procuring Agency and the Consultant shall be as set forth in the Contract, in particular:
(a) the Consultant shall carry out the Services in accordance with the provisions of the Contract; and
(b) the Procuring Agency shall make payments to the Consultant in accordance with the provisions of the Contract.
IN WITNESS WHEREOF, the Parties hereto have caused this Contract to be signed in their respective names as of the day and year first above written.
For and on behalf of [Name of Procuring Agency]
[Authorized Representative of the Procuring Agency – name, title and signature]
For and on behalf of [Name of Consultant or Name of a Joint Venture]
[Authorized Representative of the Consultant – name and signature]
[For a joint venture, either all members shall sign or only the lead member, in which case the power of attorney to sign on behalf of all members shall be attached.]
For and on behalf of each of the members of the Consultant [insert the name of the Joint Venture]
[Name of the lead member]
[Authorized Representative on behalf of a Joint Venture]
[add signature blocks for each member if all are signing]
Contract Number: Contract Value: Contract Title:
Dated:
[Name of Supplier] hereby declares that it has not obtained or induced the procurement of any contract, right, interest, privilege or other obligation or benefit from Government of Pakistan or any administrative subdivision or agency thereof or any other entity owned or controlled by it (GoP) through any corrupt business practice.
Without limiting the generality of the foregoing [Name of Supplier] represents and warrants that it has fully declared the brokerage, commission, fee etc. paid or payable to anyone and not given or agreed to give and shall not give or agree to give to anyone within or outside Pakistan either directly or indirectly through any natural or juridical person, including its affiliate, agent, associate, broker, consultant, director, promoter, shareholder, sponsor or subsidiary, any commission, gratification, bribe, finder's fee or kickback, whether described as consultations fee or otherwise, with the object of obtaining or inducing the procurement of a contract, right, interest, privilege or other obligation or benefit in whatsoever form from GoP, except that which has been expressly declared pursuant hereto.
[Name of Supplier] certifies that it has made and will make full disclosure of all agreements and arrangements with all persons in respect of or related to the transaction with GoP and has not taken any action or will not take any action to circumvent the above declaration, representative or warranty.
[Name of Supplier] accepts full responsibility and strict liability for making and false declaration, not making full disclosure, misrepresenting fact or taking any action likely to defeat the purpose of this declaration, representation and warranty. It agrees that any contract, right interest, privilege or other obligation or benefit obtained or procured as aforesaid shall, without prejudice to any other right and remedies available to GoP under any law, contract or other instrument, be voidable at the option of GoP.
Notwithstanding any rights and remedies exercised by GoP in this regard, [Name of Supplier] agrees to indemnify GoP for any loss or damage incurred by it on account of its corrupt business practices and further pay compensation to GoP in an amount equivalent to ten time the sum of any commission, gratification, bribe, finder's fee or kickback given by [Name of Supplier] as aforesaid for the purpose of obtaining or inducing the procurement of any contract, right, interest, privilege or other obligation or benefit in whatsoever form from GoP.
To: Port Qasim Authority (Port Qasim Authority - PQA), Director Office of the Director General (Finance), Chairman Secretariat, Port Qasim Authority, Bin Qasim, Karachi - 75020, Bin Qasim Sub-Division, Malir (District), Karachi (Division), Sindh (Province).
WHEREAS [name of Bidder] (hereinafter called “the Bidder”) has undertaken, in pursuance of Contract No. [reference number of the contract] dated [insert date] for provision of Goods(hereinafter called “the Contract”).
AND WHEREAS it has been stipulated by you in the said Contract that the Bidder shall furnish you with a Bank Guarantee by a reputable bank for the sum specified therein as security for compliance with the Bidder’s performance obligations in accordance with the Contract.
AND WHEREAS we have agreed to give the Bidders guarantee:
THEREFORE, WE hereby affirm that we are Guarantors and responsible to you, on behalf of the Bidder, up to a total of [amount of the guarantee in words and figures], and we undertake to pay you, upon your first written demand declaring the Bidder to be in default under the Contract and without cavil or argument, any sum or sums within the limits of [amount of guarantee] as aforesaid, without your needing to prove or to show grounds or reasons for your demand or the sum specified therein.
This guarantee is valid until the: [insert date]
Signature and seal of the Guarantors
_____________________________________________________________________
[name of bank or financial institution]
_____________________________________________________________________
[address]
_____________________________________________________________________
[date}