3.1 The bid bond shall be furnished in one of the following forms: -
a) Certified Cheque /CPO issued by a recognized domestic bank or
b) Bond issued by and/or confirmed through a recognized /reputable domestic bank.
3.2 The Bank that issues the bond as per 3.1 (b) here above shall
unequivocally guarantee to pay the purchaser immediately upon the first written demand of payment. The Purchaser’s written demand of payment shall not be subject to any condition whatsoever.
3.3 The bond issuing bank shall clearly incorporate the content stated under Clause here above on the issued bond.
3.4 Sealed bids marked as: “