BID SECURITY LETTER

Form 03B/BL-VCCB

………, date: …/…./20…..

No: ……../BL-VCCB….

BID SECURITY LETTER
To: ...................................................................................
…………………….. Bank – Branch................................................................................
Address:...............................................................................................................................
Tel:............................................................Fax:...................................................................
Represented by:.....................................Job title:...............................................................
(Hereinafter reffered to as “VCCB”)
Affirm guarantee for:
Company: [Name of Contractor]..................................................................................
Certificate of business registration No: …………issued on………/………/……….in...
Address:...............................................................................................................................
Tel:............................................................Fax:...................................................................
Represented by:.....................................Job title:...............................................................
(Hereinafter reffered to as “Contractor”/ “The Guaranteed”/ “Bidder”)
To hereby affirm to guarantee and be reponsible for the participation in the
bidding obligations of The Guaranteed originated from .../.../....for the bid......under
the Invitation Tender No:...............issued by..................(Herein after called the
“Beneficiary”).
The maximum amount of guarantee: ……………….. (In words:.................................).
VCCB hereby commit to pay for …………………………- (Herein after called
“Investor”) the amount of guarantee upon your company’s first original document in
writing stating in detail the amount of guarantee that VCCB must pay to your
company when Contractor is in breach of his obligation(s) according to the tender
conditions as followings: 1
1. Has withdrawn his Bid during the validity of Bid document in accordance with the

File of Bid after the Tender closing;
2. Has been notified of the acceptance of his Bid within the validity of Bid
document. However, Contractor refuses to sign the Contract.
Any requests in writing from your company must be attached with this Bid Security
Letter (original), submitted and received by VCCB at …………………. on working
hours within the validity of this Letter.
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Give correct information about VCCB sponsorship obligations as required in the sponsorship form

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This Bid Security Letter is valid within …days, from …/.../… to ….h…,…./…/...
After this period, this Guarantee Letter shall be null and void even though the origin of
this Guarantee Letter returns or not to VCCB.
This Bid Security Letter is governed by the Laws of Vietnam. Any dispute(s) in
respect thereof shall be settled by competent tribunals.
This Guarantee Letter is in one original version, untransferable and drawn-up in
Vietnamese, maybe in English (Vietnamese version shall be officially used for any
dispute(s) arising relating to this Bid Security Letter).
Authorized signature of VCCB

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