0207. Bank Guarantees.
a. Performance Guarantee (PG)/ Bond. The Supplier shall have to give, upon signing the contract, a Performance Guarantee/ bond for an amount equivalent to 10% of the contract price in any schedule Bank of Bangladesh designated by DGDP. This performance guarantee/bond shall be valid till satisfactory test, trial and acceptance of Training Ship to BN. PG will be released upon receipt of acceptance certificate issued by BN, DR, Inspection note and DGDP routine order-12.