Specifications

61
NLUO PMC CONTRACTOR
SIGNATURE AND SEAL SIGNATURE AND SEAL SIGNATURE AND SEAL
WE HEREBY FURTHER AGREE THAT:
(a) any forbearance, act or omission on the part of the National Law University Odisha in enforcing any of the conditions of the said
contract or granting of any time or the showing of any indulgence by the National Law University Odisha to contractors in respect
of the completion of the building or any other matter in connection therewith shall not discharge us in any way and our obligations
under this guarantee shall be discharged only by payment in full of the sums guaranteed hereunder.
(b) Our liability under these presents shall not exceed the sum of Rs. _________ (Rupees _________________________ only) and
interest @ ______% per annum accruing due thereon.
(c) Our liability under this guarantee shall not be affected by any infirmity or irregularity on the part of the contractors in entering into
the said contract or by the dissolution or change in the constitution of the contractor firm.
(d) Our liability under these presents will terminate on the issue of the Virtual
Completion Certificate by the Architects/N.L.U.O pursuant to the said contract and unless a claim, suit or action is filed against us
within 6 months thereafter all the rights of the National Law University Odisha against us under this guarantee shall be
forfeited and we shall be released and discharged from all our obligations and liabilities hereunder.
Yours faithfully,
For and on behalf of
(National Law University Odisha)
(Authorized Official)
N.B.: This guarantee will require stamp duty as applicable in the state, where it is executed and shall be signed by the official whose
signature and authority shall be verified.