Performance Bond
Date:_____________________
Guarantee No.:_____________
Tender No.:________________
Qatar Real Estate Investment Company
P.O. Box 22311
Doha – STATE OF QATAR
We (Bank's Name)________________________________________Bank of P.O. Box No.___________ Doha, Qatar, Refer to Tender (Title)___________________issued by Qatar Real Estate Investment Company (QREIC) in Doha, Qatar to M/S. _________________________________________________ having its main office in P.O. Box__________ hereby irrevocably and unconditionally undertake to pay to Qatar Real Estate Investment Company an amount of QRs.______________________(in figures) Qatari Riyals _______________________________________________ (in words) immediately upon first written demand by Qatar Real Estate Investment Company notwithstanding any contestation or objection by M/S/ _____________________________.
This letter of Guarantee is solely related to Tender No.____________________________.
This Guarantee shall be effective as from _________________ and it shall remain in full force and effect until __________________________(both days inclusive).
Upon expiration of said validity, this Guarantee becomes null and void without necessity of being returned to us.
Yours Faithfully,
For _____________________ (bank's name)
Authorized signatory
