BID SECURITY GUARANTEE To M/s. Madhucon Projects Limited, Madhucon House, Plot No.1129/A, Road No.

36, Hitec City Road, Jubilee Hills, Hyderabad 500 033 WHEREAS ____________________________________________________________ [name and address of Bidder] (hereinafter called the Bidder) shall be submitting its Bid in response to Tender Notice No.: ___________________________ Dated ___________ for the work ________________________________________________________________________________. [name of the work (hereinafter called the Bid)] KNOW ALL MEN by these present that we __________________(bank) having our registered office at _________________________________- and one of our branches at _________________________________ (hereinafter called the bank), are bound unto the M/s. Madhucon Projects Limited Madhucon House, Plot No.1129/A, Road No.36, Hitec City Road, Jubilee Hills, Hyderabad 500 033 (hereinafter called the Employer) for the sum of Rs.____________ (Rupees _______________________only) for which payment well and truly to be made to the said Employer the bank binds itself, his successors and assigns by these presents. THE CONDITION of this obligation are: 1. 2. a. b. If the bidder withdraws its Bid during the period of Bid Validity specified by the employer on the bid form; or If the Bidder having been notified of the acceptance of its bid by the Employer during the period of Bid Validity:

Fails or refuses to execute the contract Agreement when required; or Fails or refuses to furnish the Performance Security (if any) in accordance with the Bid conditions.

This guarantee will remain in full force up to and including the date _________(number of days)days after the deadline for submission of bids as contained in the Bid or as it may be extended by the Employer, notice of which extension(s) to the Bank is hereby waived. Any demand in respect thereof should reach the Bank not later than the date of expiry of this guarantee. We _____________ (bank) do hereby undertake to pay the amounts due and payable under this guarantee without any demur, merely on a demand from the Employer. Any such demand made on the Bank shall be conclusive as regards the amount due and payable by the Bank under this guarantee. However, our liability under this guarantee shall be restricted to an amount not exceeding Rs._______________ (Rupees ________________ only) We undertake to pay the money so demanded not with standing any dispute or disputes raised by the Bidder in any suit or proceeding pending before any court of Tribunal relating thereto. We, _________________( Bank) lastly undertake not to revoke this guarantee during its currency except with the previous consent of the Employer, in writing. This bank Guarantee will not be discharged due to the change in the constitution of the Bank or the Bidder. We, ___________(Bank) undertake to pay to the Employer up to the above amount upon receipt of its first written demand, without the Employer having to substantiate its demand, provided that in its demand the Employer will note that the amount claimed by it is due to it owing the occurrence of 1 or both of the 2 (a) or (b) specifying the occurred condition or conditions. We hereby waive the necessity of your demanding the said debt from the Bidder before presenting us with the demand.

NOTWITHSTANDING ANYTHING CONTAINED HEREIN: a. b. c. Our liability under this Bank Guarantee shall not exceed and is restricted to Rs._______________(Rupees ____________ only) This Bank Guarantee shall be remain in force upto and including valid upto 17.00 Hours IST on ______________________ We are liable to pay the guaranteed amount or any part thereof under this Bank Guarantee only and only if you serve upon us a written claim or demand on or before 17.00 Hours IST on ___________________. SIGNATURE OF THE BANK _____________ SEAL _________________________________

DATE __________________ WITNESS _______________

ABCD Bank