PERFORMANCE BANK GUARANTE

To,
The Cheif General Manager / Projects,
A.P.N.P.D.C.L Corporate Office,
Vidyut Bhavan,
Nakkalagutta, Hanamkonda,
Warangal- 506001.

WHEREAS Mr. Ch. Mahadev, Civil contractor, Hanamkonda, Warangal District. has under taken in pursuance of contract Bid.No.CGM/O&C/NPDCL/WGL/EE/CIVIL/D.No.298/13-14, Dt. 26.06.13, NPDCL-WGL, to Construction of Division office Buildings to accommodate Town Division, Rural Division, TRE Division offices in the premises of superintending engineer / Operation Circle / Warangal.

AND WHEREAS it has been stipulated by you in the said contract that the contractor shall furnish you with a Bank Guarantee by State Bank of India, Wadepally branch, head office at Manipal, for the sum specified therein as Security for compliance with his obligations in accordance with the contractor.

AND WHEREAS we have agreed to give the contractor such a Bank Guarantee: NOW THEREFORE, we hereby affirm that we are the guarantor and responsible to you on behalf to the Contractor upto a total of Rs.4,72,560/- (Four lakh Seventy two thousand five hundred and sixty rupees only) such (amount of Guarantee) such sum being payable in the types and we undertake to pay you, upon first written demand and without cavil or argument any sum or sums within the limits of Rs.4,72,560/- (Four lakh Seventy two thousand five hundred and sixty rupees only) as aforesaid without your needing to prove or to show grounds or reasons for your demand for the sum specified therein.

We hereby waive the necessity of your demanding the said debt from the Contractor before presenting us with the demand.

We further agree that no change or addition to or