HomeMy WebLinkAboutattachmentBPREVIOUS CONTRACT NO. 1-5.01.090-B1 BID NO. H-9-03-242-B1
ATTACHMENT "B"
BID GUARANTY FORM
IRREVOCABLE LETTER OF CREDIT
Date of Issue
Issuing Bank's No.
Beneficiary:
Broward County through its
Broward County Board of
County Commissioners
County Administrator
Governmental Center ,
115 South Andrews Avenue
Fort Lauderdale, Florida 33301 Expiry:
We hereby authorize you to draw on
at
Applicant:
Amount:
(in United States funds)
(Date)
Bid/Contract Number
(Bank, Issuer name)
(Branch Address)
by order of and for the account of
up to an aggregate amount, in United States Funds, of
sight, accompanied by:
(Contractor, Applicant, Customer)
available by your draft at
(1) A signed statement from the County Administrator of Broward County, or the Administrator's authorized
representative, that the drawing is due to default in performance of certain obligations on the part of agreed
upon by and between Broward County and
(Contractor, Applicant, Customer)
pursuant to the
(Contractor, Applicant, Customer)
Bid/Contract No. for
Drafts must be drawn and negotiated not later than
Drafts must bear the clause: "Drawn under Letter of Credit No.
(Name of Project)
(Expiration Date)
(Number)
of , dated
(Bank Name)
RM I Rs-PB09-2003
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PREVIOUS CONTRACT NO. H-5-01.090-B1 BID NO. H-9-03-242431
ATTACHMENT "a"
(Continued)
BID GUARANTY FORM
IRREVOCABLE LETTER OF CREDIT (Continued)
This Letter of Credit shall be renewed for successive periods of one (1) year each unless we provide the Broward County
Administrator with written notice of our intent to terminate the credit herein extended, which notice must be provided at
least thirty (30) days prior to the expiration date of the original term hereof or any renewed one (1) year term. Notification
to Broward County that this Letter of Credit will expire prior to performance of the contractor's obligations will be deemed a
default.
This Letter of Credit sets forth in full the terms of our undertaking, and such undertaking shall not in any way be modified,
amended, or amplified by reference to any documents, instrument, or agreement referred to herein or to which this Letter
of Credit is referred or this Letter of Credit relates, and any such reference shall not be deemed to incorporate herein by
reference any document, instrument, or agreement.
We hereby agree with the drawers, endorsers, and bona fide holders of all drafts drawn under and in compliance with the
terms of this credit that such drafts will be duly honored upon presentation to the drawee.
The execution of the contract and the submission of the required Performance and Payment Guaranty and Insurance
Certificate by the
(Contractor, Applicant, Customer)
shall be released of obligations.
This Credit is subject to the "Uniform Customs and Practice for Documentary Credits," International Chamber of
Commerce (1984 revision), Publication No. 400 and to the provisions of Florida law. If a conflict between the Uniform
Customs and Practice for Documentary Credits and Florida law should arise, Florida law shall prevail. If a conflict between
the law of another state or county and Florida law should arise, Florida law shall prevail.
(NAME OF ISSUING BANK)
Authorized Signature
Type Name
Type Title
RMIRS-PBo8-2003
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