Bank Guarantee for Performance Security (Form W-6)
[this is the format for the Performance Security to be issued by a Bank
acceptable to the Employer in accordance with ITT Clause 53]
Contract No: Date:
To:
[Name and address of Employer]
PERFORMANCE GUARANTEE No:
We have been informed that [name of Contractor] (hereinafter called “the Contractor”) has
undertaken, pursuant to Contract No [reference number of Contract] dated [date of Contract]
(hereinafter called “the Contract”), the execution of works [description of works] under the Contract.
Furthermore, we understand that, according to your conditions, Contracts must be supported by a
performance guarantee.
At the request of the Contractor, we [name of bank] hereby irrevocably undertake to pay you, without
cavil or argument, any sum or sums not exceeding in total an amount of Naira [insert amount in
figures and in words] upon receipt by us of your first written demand accompanied by a written
statement that the Contractor is in breach of its obligation(s) under the Contract conditions, without
you needing to prove or show grounds or reasons for your demand of the sum specified therein.
This guarantee is valid until [date of validity of guarantee], consequently, we must receive at the
above-mentioned office any demand for payment under this guarantee on or before that date.
Signature Signature
Bank Guarantee for Advance Payment (Form W-7)
[this is the format for the Advance Payment Guarantee to be issued by a commercial bank
of Nigeria in accordance with SCC Clause 70]
Contract No: Date:
To:
[Name and address of Employer]
ADVANCE PAYMENT GUARANTEE No:
We have been informed that [name of Contractor] (hereinafter called “the Contractor”) has
undertaken, pursuant to Contract No [reference number of Contract] dated [date of Contract]
(hereinafter called “the Contract”), the execution of works [description of works] under the Contract.
Furthermore, we understand that, according to your conditions, Advance Payments must be supported
by a bank guarantee.
At the request of the Contractor, we [name of bank] hereby irrevocably undertake to pay you, without
cavil or argument, any sum or sums not exceeding in total an amount of Naira [insert amount in
figures and in words] upon receipt by us of your first written demand accompanied by a written
statement that the Contractor is in breach of its obligation(s) under the Contract conditions, without
you needing to prove or show grounds or reasons for your demand of the sum specified therein.
We further agree that no change, addition or other modification of the terms of the Contract to be
performed, or of any of the Contract documents which may be made between the Employer and the
Contractor, shall in any way release us from any liability under this guarantee, and we hereby waive
notice of any such change, addition or modification.
This guarantee is valid until [date of validity of guarantee], consequently, we must receive at the
above-mentioned office any demand for payment under this guarantee on or before that date.
Signature Signature
