Sample Letter of Tender Bond

Date: [Date]

To: [Recipient Name]

[Recipient Title]

[Company Name]

[Company Address]

Dear [Recipient Name],

We, [Your Company Name], hereby provide this Tender Bond in relation to our submission for the tender of [Project/Contract name] on [Tender/Bid reference number] dated [Tender/Bid submission date].

As required by the tender documents, we understand that a tender bond is necessary as security for the serious consideration given by [Recipient Company Name] to our tender. Therefore, we hereby agree to provide this tender bond as per the terms and conditions stated below:

1. The tender bond shall be provided in the form of an irrevocable and unconditional bank guarantee issued by a reputable financial institution acceptable to [Recipient Company Name].

2. The face value of the tender bond shall be [Amount in words and numbers], valid until [Expiry date of the tender bond], which is [Number] days after the deadline for submission of bids.

3. [Your Company Name] undertakes to indemnify [Recipient Company Name] against any loss or damage arising from any breach of the terms and conditions set forth in the tender documents, including but not limited to withdrawal or modification of our bid.

4. This tender bond remains in full force and effect until it is released or discharged by [Recipient Company Name] in accordance with the tender documents.

Should [Your Company Name] be awarded the tender, the tender bond will be released upon receipt of the performance bond or other agreed security arrangements as stipulated in the tender documents.

This tender bond is issued without recourse and shall be governed by and construed in accordance with the laws of [Jurisdiction], without regard to its conflict of laws principles.

Thank you for your attention to this matter. Should you require any further information or clarification, please do not hesitate to contact us.

Sincerely,

[Your Company Name]

[Your Name]

[Your Title]

[Contact Information]