Sample English Tender Bond Letter

Word count: Approx. 1000 words

[Tender Bond Provider's Name]

[Address]

[City, State, ZIP Code]

[Email Address]

[Phone Number]

[Date]

[Recipient's Name]

[Company Name]

[Address]

[City, State, ZIP Code]

Subject: Tender Bond for [Project Name/Contract Number]

Dear [Recipient's Name],

We, [Tender Bond Provider's Name], hereby provide this letter as an official tender bond for the purpose of guaranteeing our commitment to execute the [Project Name] in accordance with the terms and conditions set forth in the tender documents.

We understand that [Company Name] has requested tender bonds as part of the tendering process for [Project Name]. Therefore, we hereby pledge to issue the tender bond in favor of [Company Name] for an amount of [Amount in Words and Numeric Format]. This amount shall be payable upon written demand made by [Company Name] in the event that we fail to execute the project as per the agreed-upon terms.

Please find below the details of the tender bond:

1. Amount: [Amount in Words and Numeric Format]

2. In favor of: [Company Name]

3. Validity: [Start Date] to [End Date]

4. Beneficiary Address: [Company Address]

In order to ensure the validity of this bond, we have attached the necessary supporting documents along with this letter. These include a duly signed and stamped copy of the tender bond agreement, a letter of authorization from our financial institution (if applicable), and any other documents required to demonstrate our financial capacity and reliability.

Please note that the tender bond shall automatically be deemed as revoked and invalid if [Company Name] fails to award the project to us within [Number of Days/Weeks/Months] following the bid opening date. In such a case, we request [Company Name] to return the original documents pertaining to this bond to our address mentioned above.

Our company holds a strong track record of successfully completing various projects within the agreed timeframes, demonstrating our competence and dedication to delivering high-quality work. We assure you that, should we be awarded the contract for [Project Name], we will fulfill all obligations in accordance with the tender specifications and requirements.

In the event that we are unable to fulfill our obligations, resulting in a demand on this bond, we acknowledge the right of [Company Name] to recover the amount from our financial institution. We further agree that our financial institution shall honor such a demand without requiring any proof or justification from [Company Name].

This letter is subject to the laws and jurisdiction of [Applicable Legal Jurisdiction]. Any disputes arising from or related to this tender bond shall be resolved through amicable negotiations. In the event that the parties are unable to reach an agreement, the dispute shall be submitted to the exclusive jurisdiction of [Applicable Court Name].

Thank you for considering our tender bond and our company for [Project Name]. We express our utmost commitment to execute the project in accordance with the tender documents and look forward to a positive response from your side.

Should you require any further information or clarification, please do not hesitate to contact us at the address or contact number mentioned above.

Yours sincerely,

[Your Name]

[Position/Title]

[Tender Bond Provider's Company Name]