HomeMy WebLinkAboutattachmentDPREVIOUS CONTRACT NO. H-b-01-090.B1 BID NO. H-9-03-242-B1
ATTACHMENT "D"
PERFORMANCE AND PAYMENT GUARANTY FORM
IRREVOCABLE LETTER OF CREDIT
Date of Issue
Issuing Bank's No.
Beneficiary; Applicant;
Broward County through its
Broward County Board of
County Commissioners Amount:
County Administrator
Governmental Center
115 South Andrew Avenue
Fort Lauderdale, Florida 33301 Expiry:
(Date)
Bid/Contract Number
We hereby authorize you to draw on
at
in United States Fund
• (Bank, Issuer name)
(Branch Address)
(Contractor, Applicant, Customer)
up to an aggregate amount, in United States Funds, of available
by your draft at sight, accompanied by:
(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
by order of and for the account of
(Contractor, Applicant, Customer)
agreed upon by and between Broward County and
(Contractor, Applicant, Customer)
pursuant to the Bid/Contract No. for
and Section 255.05, Florida Statutes.
Drafts must be drawn and negotiated not later than
(Name of Project)
(Expiration Date)
Drafts must bear the clause: "Drawn under Letter of Credit No.
(Number)
of , dated
(Bank Name)
RMIRS•PB09-2003
12I9103
Page BO of 95
PREVIOUS CONTRACT NO. H-5-01-090-B1 BID NO. N-9-03-242-B1
ATTACHMENT "D"
(Continued)
PERFORMANCE AND PAYMENT GUARANTY FORM
IRREVOCABLE LETTER OF CREDIT
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.
Obligations under this Letter of Credit shall be released one (1) year after the final completion of the Project by
the
(Contractor, Applicant, Customer)
and final acceptance by Broward County.
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 country and Florida law should arise, Florida law shall
prevail.
(NAME OF ISSUING BANK)
Authorized Signature
Type Name
Type Title
RMiRS.PB09-2003
.11111011.
O n.. 04 nil OF