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 what so ever.
3.3 The bond issuing bank shall clearly incorporate the content stated under Clause here above on the issued bond.
3.4 The Bid Security shall be issued in the name of the bidder’s/Agent’s company as appropriate that participated in the bid;
with RFQ No.