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7. 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).
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Pakistan Gems and Jewellery Development Company (PGJDC) (Pakistan Gems and Jewellery Development Company (PGJDC)), Project Manager
Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province).
+92-322-823-1858
projectmanager.pgjdc@gmail.com
The following specific data for the procurement of Goods 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.
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BDS Clause Number |
ITB Number |
Amendments of, and Supplements to, Clauses in the Instruction to Bidders |
A. Introduction |
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|
1 |
1.1 |
Name of Procuring Agency:Â Pakistan Gems and Jewellery Development Company (PGJDC) (Pakistan Gems and Jewellery Development Company (PGJDC)) The subject of procurement is:Â Selection of IT Firm for Design, Development, Deployment and Maintenance of National E-Commerce Marketplace for Gems and Jewellery Sector Expected commencement date: Thursday, April 30, 2026 |
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2. |
2.1 |
Financial year for the operations of the Procuring Agency:Â 2025-26 Name and identification number of the Contract: P13022Â |
| 3. | 4.6 | JV/Consortium or Association Allowed: No Number of JV/Consortium Members: Nil |
B. Bidding Documents |
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4. |
7.1 |
The Bidders may seek clarifications through EPADS v2.0: Clarification Date: Saturday, April 4, 2026 |
| 5. | 8.1 |
Any addendum, in case issued, shall be published on Pakistan Gems and Jewellery Development Company (PGJDC) (Pakistan Gems and Jewellery Development Company (PGJDC)) website and on EPADS v2.0. |
| 6. |
9.1 |
List of documents required along with the bid:
 |
| 7. | 11.1 |
The qualification criteria to establish the supply / production capability of the bidder. see Eligibility Criteria |
| 8. | 7.6 |
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| 9. | 13.1 & 13.2 | Price schedule will be provided according to the format defined and acquired. see section price schedule. |
| 10. | 7.6.2 |
 Specifications: see section of specifications. |
C. Preparation of Bids |
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11. |
13.5 |
The price shall be Fixed. |
| 12. |
15.1 |
Currency of the Bids shall be : PKR |
| 13. |
16.1 |
The Bids/Bid Validity period shall be: 90 Days |
| 14. |
17.1 |
The amount of Bid Security shall be as defined in Bid Security Section for items and lots given in BDS 6 |
| 15. | 17.3 |
The Bids security shall be valid for twenty-eight (28) days beyond the expiry of the Bids validity period specified in the bidding documents,  for example the bid validity is 180 days so the bid security shall be valid for  180+28 = 208 days. |
| 16. | 18.1 |
Alternative Bids to the requirements of the bidding documents will not be permitted. |
D. Submission of Bids |
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17. |
21.1 |
Bid shall be submitted online on EPADS v2.0 whereas hard copy of the bid security should be submitted to the following; Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province). Bids that are not submitted on EPADS v2.0 shall be disqualified. The deadline for Bids submission is: Friday, April 10, 2026 11:00 AM |
E. Opening and Evaluation of Bids |
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18. |
26.1 |
The Bids opening shall take place on EPADS v2.0. Day : Friday Date:Â Friday, April 10, 2026 Time : 11:30 AM |
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19. |
32.1 |
Selection technique adopted will be: Quality and Cost Based Selection (QCBS) |
F. Award of Contract |
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20. |
49.1 |
The Performance guarantee shall: 10.00%. The Performance Guarantee shall be acceptable in the form of:Â Pay Order, Demand Draft |
| 21. | 51.1 |
Arbitrator shall be appointed by mutual consent of the both parties. |
G. Review of Procurement Decisions |
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22. |
53.1 |
Grievence against this procurement shall be submitted online on EPADS v2.0. |
| Bidder's Type | Required Registration |
|---|---|
|
Individual / Individual Consultant Sole Proprietorship Partnership Firm Company (Private Limited) Company (Public Limited) Company (Holding Company) Company (Limited by Guarantee) State Owned Enterprise (Private Limited) State Owned Enterprise (Public Limited) NGO / NPO IGO |
FBR (NTN) FBR (GSTN) |
| Eligibility Criteria | Document |
|---|---|
| • Minimum 5 years of experience in enterprise-level web development | Yes |
| • At least 2 completed E-Commerce projects | Yes |
| • Valid NTN & GST registration | Yes |
| • Registration with PPRA/EPADS | Yes |
| • Membership with PASHA or PSEB (Optional) | Yes |
| • No blacklisting certificate | Yes |
Quality and Cost Based Selection (QCBS)
| Technical Marks | 70 | |
|---|---|---|
| Passing Marks | 35 | |
| Project Experience | ||
| Total Experience in years (Quantitative)(Doc Required)  Greater than 10 years experience  (5)  between 6 to 10 years experience  (3)  below 5 years experience  (0) | 5 | |
| No of similar projects (Quantitative)(Doc Required)  more than 5 similar projects  (5)  between 2 to 4 similar projects  (3)  below 2 similar projects  (0) | 5 | |
| No. of Public sector clients (Quantitative)(Doc Required)  more than 10 clients  (5)  between 6 to 10 clients  (3)  less than and equal to 5 clients  (1) | 5 | |
| Private sector clients (Quantitative)(Doc Required)  more than 10 clients  (5)  between 6 to 10 clients  (3)  less than and equal to 5 clients  (1) | 5 | |
| Design and Implementation Methodology | ||
| Design and Creative (Quantitative)(Doc Required)  Excellent  (20)  Very Good  (15)  Good  (10)  Average  (5)  Poor  (0) | 20 | |
| Implementation Methodology (Quantitative)(Doc Required)  Excellent  (20)  Very Good  (15)  Good  (10)  Average  (5)  Poor  (0) | 20 | |
| Delivery Timeline | ||
| Delivery Time (Quantitative)(Doc Required)  Within 3 Months  (10)  More than 3 months but before 4 months  (8)  More than 4 months but before 6 Months  (4)  After 6 Months  (0) | 10 | |
Lot Title : Design and Development of E-Commerce Marketplace
Bid Security : 400000
| Position | Delivery Schedule | Quantity |
|---|---|---|
| Development of E-Commerce Market place |
Address: Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province). Schedule: 120 DaysQuantity: 1 |
1 |
| Software Architecture |
Address: Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province). Schedule: 120 DaysQuantity: 1 |
1 |
| Cloud Infrastructure and Server |
Address: Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province). Schedule: 120 DaysQuantity: 1 |
1 |
| Deliverables |
Address: Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province). Schedule: 120 DaysQuantity: 1 |
1 |
Yes
Design and Development of E-Commerce Marketplace
| Position | Related Services |
|---|---|
| Development of E-Commerce Market place | • 12 months comprehensive warranty and maintenance support. • 24/7 helpdesk. • Monthly security updates. • Quarterly performance review |
| Software Architecture | • 12 months comprehensive warranty and maintenance support. • 24/7 helpdesk. • Monthly security updates. • Quarterly performance review |
| Cloud Infrastructure and Server | • 12 months comprehensive warranty and maintenance support. • 24/7 helpdesk. • Monthly security updates. • Quarterly performance review |
| Deliverables | • 12 months comprehensive warranty and maintenance support. • 24/7 helpdesk. • Monthly security updates. • Quarterly performance review |
Lot Title : Design and Development of E-Commerce Marketplace
Position: Development of E-Commerce Market place
Specifications / Requirements:
The selected vendor shall be responsible for complete lifecycle delivery including requirement analysis, system design, software development, testing, deployment, security audit, training, and post-implementation support including following but not limited to: System Design & Architecture • Requirement gathering and system analysis. • UI/UX design for web and mobile platforms. • High-availability cloud-based architecture. • Micro services-based scalable backend framework. • Multilingual support (English, Urdu). • Multi-currency capability with automated exchange rate integration. Marketplace Functional Modules A. User Management • Buyer and Seller Registration (Individual, SME, Corporate). • KYC/AML compliance integration. • Two-factor authentication (2FA). • Role-based access control (Admin, Vendor, Buyer). B. Product Management • Product listing with multiple images and 360° view. • Gemstone certification upload. • Quality grading parameters. • Auction and fixed-price selling options. • Inventory management dashboard. • SKU management and barcode/QR code support. C. Payment Gateway Integration • Integration with Pakistani payment gateways (1Link, PayFast, SADAPay, NAYAPay, JazzCash, EasyPaisa). • International payment gateways (Visa, MasterCard, Payoneer or equivalent). • Escrow-based payment mechanism. • PCI-DSS compliance. • Automated tax calculation and invoicing (FBR integration readiness). D. Logistics & Shipment Module • Integration with courier APIs (TCS, DHL, FedEx, Pakistan Post etc.). • Real-time shipment tracking. • Automated shipping cost calculator. • Customs documentation generation for exports. E. Dispute Resolution & Escrow • Digital complaint filing system. • Admin-controlled dispute management workflow. • Automated release of escrow funds upon transaction completion. F. Admin Panel • Dashboard with analytics. • Commission management. • Content Management System (CMS). • Banner promotions and advertisement slots. • Reporting tools (Sales, Exports, Vendor Performance, Tax reports). G. Mobile Application (Android & iOS) • Native or Flutter/React Native-based development. • Push notifications. • In-app chat between buyer and seller. • In-app wallet functionality. • App Store and Google Play deployment.Position: Software Architecture
Specifications / Requirements:
Software Architecture (Intended) • Backend: Node.js / .NET Core / Java Spring Boot (enterprise-grade). • Frontend: React.js / Angular / Vue.js. • Mobile App: Flutter / React Native / Native Android & iOS. • Database: PostgreSQL / MySQL (Primary) + Redis for caching. • Search Engine: Elasticsearch. • Payment Security: SSL/TLS 1.3 encryption & End‑to‑end encryption, penetration testing, security audit by an independent certified auditor and compliance with OWASP Top 10 security practices • API-based microservices architecture. • Containerization: Docker + Kubernetes. • CI/CD pipeline integration.Position: Cloud Infrastructure and Server
Specifications / Requirements:
Initial Cloud Requirements (Minimum) Application Servers • 4 vCPU • 16 GB RAM • Auto-scaling enabled • Load Balancer (Layer 7) Database Server • 8 vCPU • 32 GB RAM • SSD Storage (Minimum 1 TB scalable) • Automated backup (daily incremental, weekly full) Storage • Object storage for images/videos (Minimum 5 TB scalable) • CDN integration for global content delivery Security Infrastructure • Web Application Firewall (WAF) • DDoS protection • IDS/IPS • SSL Certificate (Wildcard) Disaster Recovery • Multi-region replication • RTO: 4 hours • RPO: 15 minutes Performance Requirement • Platform must be scalable to support minimum 100,000 concurrent users with auto‑scaling capability on cloud infrastructure. • Page load time < 3 seconds. • 99.9% uptime SLA. B. Compliance requirements: The platform must comply with: • Prevention of Electronic Crimes Act (PECA), 2016. • Electronic Transactions Ordinance, 2002. • Consumer Protection Laws of Pakistan. • State Bank of Pakistan digital payment regulations. • FBR taxation and e-invoicing compliance. • AML/CFT Regulations. • International data protection best practices. The procurement shall strictly follow: • PPRA Rules 2004 (as amended). • EPADS e-procurement procedures. • Open Competitive Bidding (Single Stage Two Envelope).Position: Deliverables
Specifications / Requirements:
• Approved System Requirement Specification (SRS). • UI/UX Prototype. • Fully functional web portal. • Android and iOS mobile applications. • Admin and reporting dashboard. • Security audit certificate. • Training manuals and sessions. • Source code ownership transfer. • 1-year post-launch maintenance and supportDescription and Scope of services:
|
The selected vendor shall be responsible for complete lifecycle delivery including requirement analysis, system design, software development, testing, deployment, security audit, training, and post-implementation support including following but not limited to: System Design & Architecture
Marketplace Functional Modules
 |
Technical SpecificationsSoftware Architecture (Intended)
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|
 |
The system shall be hosted on Tier-III compliant cloud infrastructure (AWS, Azure, GCP or locally approved Tier-III data center in Pakistan).
Application Servers
Database Server
Storage
Security Infrastructure
Disaster Recovery
Performance Requirement
The platform must comply with:
The procurement shall strictly follow:
All source code, designs, databases, and documentation shall remain the exclusive property of Pakistan Gems and Jewellery Development Company (PGJDC).
Post Implementation Support:
12 months comprehensive warranty and maintenance support.
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 |
|
 |
Definitions The Procuring Agency is: Pakistan Gems and Jewellery Development Company (PGJDC) (Pakistan Gems and Jewellery Development Company (PGJDC)), Project Manager Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province). The Supplier is: The title of the subject procurement is:Selection of IT Firm for Design, Development, Deployment and Maintenance of National E-Commerce Marketplace for Gems and Jewellery Sector |
|
GCC 2 |
Applicable/Governing Law: The Contract shall be interpreted in accordance with the laws of Islamic Republic of Pakistan |
|
GCC 3 |
Language: The language of the Contract, all correspondence and communications to be given, and all other documentation to be prepared and supplied under the Contract shall be in English. |
|
GCC 4 |
Notices: The addresses for the notices are: Procuring Agency: Pakistan Gems and Jewellery Development Company (PGJDC) (Pakistan Gems and Jewellery Development Company (PGJDC)), Project Manager Contractor/ Bidder:  [Name, address and telephone number]. The Contractor/ Bidder’s Representative(s) [Name, address, telephone number and e-mail address]  |
|
GCC 6.1 |
The Authorized Representatives are:  For the Procuring Agency: Pakistan Gems and Jewellery Development Company (PGJDC) (Pakistan Gems and Jewellery Development Company (PGJDC)), Project Manager For the Bidder: Name: ……………………… Designation: …………….. Address: ……………………………..  |
|
GCC 7 |
Effectiveness of the contract The Contractor/Bidder shall be effective within ….. days from the date of signature of the Contract by both parties |
|
GCC 8 |
Commencement of Contract: The Contractor/ Bidder shall provide Non-Consultancy Services from the effective date of contract. |
|
GCC 10.2 |
Expiration of Contract: The time period shall be …………………. |
|
GCC 14 |
Termination In the event of termination of the contract due to any reason as already defined in the General Conditions of Contract, the Bidder shall be responsible for providing to the Authority the Goods till the time of alternate arrangements. |
|
GCC 16 |
Conflict of Interest: The Procuring Agency reserves the right to determine on a case-by-case basis whether the Bidder should be disqualified from providing goods or services due to a conflict of a nature described in Clause GCC 17. |
|
GCC 20 |
Liquidated Damages If the Bidder fails to provide services as required under the contract or in case of any data loss/data breach or any incident compromising the data security or other such failures related to any services, the Bidder shall pay to the Procuring Agency as Liquidated Damages at a rate of 0.05% to 2.00%Â of the Contract value, in accordance with the extent of performance failure & the cost of investigating such incidents as judged by the Authority. |
|
GCC 21 |
Performance Guarantee: The amount of performance guarantee shall be 10.00%Â of the contract price in acceptable form of Pay Order, Demand Draft |
|
GCC 27 |
Currency of Payment: All the payment to be released to the contractor/Bidder shall be in Pakistani Rupees. |
|
GCC 28 |
Payment terms: Payment will be made to the Bidder against the procured Goods and services according to the actual invoice or running bills submitted by the Bidder against the services provided within the time given in the conditions of the contract. |
| Â | Â |
|
GCC 29 |
Identifying Defects: The Authority reserves the right at any time to inspect the premises of the provider to inspect the goods and monitor the goods being provided. Inspections & Tests RequirementsFor conformance to specifications and performance parameters, through Prior to delivery inspection (Inspection Report by Procurement Committee / Inspection Team) For successful operation at site after complete installation, testing and commissioning of the equipment (Installation, Testing and Commissioning Report by Procurement Committee / Inspection Team) Delivery & DocumentsCopies of the Supplier’s invoice showing Goods’ description, quantity, unit price, and total amount; Inspection Certificate issued by the Nominated Inspection Agency (if any), and the Supplier’s Factory Inspection Report; The above documents would be required even if the equipment has already been imported and is available with the supplier ex-stock |
|
GCC 31 Â |
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.:P13022
To: Pakistan Gems and Jewellery Development Company (PGJDC) (Pakistan Gems and Jewellery Development Company (PGJDC)), Project Manager Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province).
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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.
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THIS AGREEMENT made the _____ day of __________ 20_____ between Pakistan Gems and Jewellery Development Company (PGJDC) (Pakistan Gems and Jewellery Development Company (PGJDC)), Project Manager Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province).
 (hereinafter called “the Procuring Agency”) of the one part and [name of Bidder] of [city and country of Bidder] (hereinafter called “the Bidder”) of the other part:
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WHEREAS the Procuring Agency invited Bids for provision of goods, viz., Selection of IT Firm for Design, Development, Deployment and Maintenance of National E-Commerce Marketplace for Gems and Jewellery Sector (P13022) and has accepted a Bids by the Bidder for the provision of Goods in the sum of [contract price in words and figures] (hereinafter called “the Contract Price”).
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NOW THIS CONTRACT WITNESSETH AS FOLLOWS:
1.  In this Contract words and expressions shall have the same meanings as are respectively assigned to them in the Conditions of Contract referred to.
2.  The following documents shall be deemed to form and be read and construed as part of this Contract, In the event of any ambiguity or conflict between the Contract Documents listed below, the order of precedence shall be the order in which the Contract Documents are listed below:-
3.  In consideration of the payments to be made by the Procuring Agency to the Bidder as hereinafter mentioned, the Bidder hereby covenants with the Procuring Agency to provide the Goods related services and to remedy defects therein in conformity in all respects with the provisions of the Contract.
4.  The Procuring Agency hereby covenants to pay the Bidder in consideration of the provision of Goods and the remedying of defects therein, the Contract Price or such other sum as may become payable under the provisions of the contract at the times and in the manner prescribed by the contract.
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IN WITNESS whereof the parties hereto have caused this Contract to be executed in accordance with their respective laws the day and year first above written.
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Signed, sealed, delivered by __________________the ________________ (for the Procuring Agency)
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Witness to the signatures of the Procuring Agency:
………………………………………………
Signed, sealed, delivered by __________________the ________________ (for the Procuring Agency)
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Witness to the signatures of the Bidder: …………………………………………………
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Contract                          Number:  Contract                              Value:  Contract Title:
Dated:
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[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.
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To:     Pakistan Gems and Jewellery Development Company (PGJDC) (Pakistan Gems and Jewellery Development Company (PGJDC)), Project Manager Ground Floor, PIDC House, Dr. Ziauddin Ahmed road, Karachi, Civil Line Sub-Division, Karachi South (District), Karachi (Division), Sindh (Province).
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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”).
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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.
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AND WHEREAS we have agreed to give the Bidders guarantee:
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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 guarÂantee] as aforesaid, without your needing to prove or to show grounds or reasons for your demand or the sum specified therein.
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This guarantee is valid until the: [insert date]
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Signature and seal of the Guarantors
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_____________________________________________________________________
[name of bank or financial institution]
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[address]
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[date}