A Bank Guarantee For Tender is commonly required in Singapore's competitive bidding processes to ensure serious participation from bidders. This document represents a bank's irrevocable commitment to pay a specified sum to the beneficiary if the tenderer fails to fulfill their tender obligations. The guarantee typically covers risks such as bid withdrawal, failure to sign the contract, or non-provision of required performance security. Under Singapore's legal framework, these guarantees are widely used in government procurement, construction projects, and major commercial tenders, providing a standardized approach to tender security that aligns with international best practices.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Bank Guarantee For Tender
"I need a Bank Guarantee For Tender for a construction project in Singapore, with a guarantee amount of SGD 500,000 and validity until March 15, 2025, to be submitted to the Housing Development Board for their upcoming residential development tender."
1. Parties: Identifies the bank (guarantor), the beneficiary, and the principal
2. Background: Details of the tender and reason for guarantee
3. Definitions: Key terms used in the guarantee
4. Guarantee Amount: Specific sum being guaranteed
5. Validity Period: Duration of the guarantee including expiry date
6. Demand Requirements: Conditions and process for making claims
1. Extension Clause: Provisions for extending the guarantee period when there's possibility of tender evaluation period extension
2. Assignment Restrictions: Limitations on transferring guarantee rights when assignment needs to be specifically restricted
3. Governing Law and Jurisdiction: Specific jurisdiction details when parties are from different jurisdictions
1. Form of Demand: Template for making claims under the guarantee
2. Tender Details: Specific details of the tender being guaranteed
3. Authorization Documents: Copies of corporate authorizations and powers of attorney
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Guarantee Letter Payment
A legally binding payment guarantee document under Singapore law that provides financial security in commercial transactions.
find out more
Bank Loan Personal Guarantee
A Singapore law-governed agreement where a guarantor assumes responsibility for a borrower's loan obligations in case of default.
find out more
Open Bank Guarantee
A Singapore-law governed financial instrument where a bank provides an irrevocable undertaking to pay a specified sum to a beneficiary upon demand.
find out more
Commercial Bank Guarantee
A Singapore-law governed bank guarantee providing financial security in commercial transactions, issued by a bank to guarantee payment or performance to a beneficiary.
find out more
Contra Bank Guarantee
A Singapore-law governed counter-guarantee agreement between banks securing a primary bank guarantee issued to a beneficiary.
find out more
Letter Of Credit Guarantee
A bank-issued guarantee document under Singapore law that provides payment security in international trade transactions.
find out more
Government Deposit Guarantee
A Singapore law-governed guarantee instrument providing government protection for deposits in approved financial institutions.
find out more
Banker's Guarantee For Individual
A Singapore-compliant bank guarantee document where a bank guarantees payment on behalf of an individual to a beneficiary.
find out more
Assurance Of Support Bank Guarantee
A Singapore-law governed bank guarantee providing financial assurance from a bank to support obligations of a principal to a beneficiary.
find out more
Construction Bank Guarantee
A Singapore-law governed bank guarantee providing financial security for construction projects, issued by banks to protect project owners against contractor default.
find out more
Composite Bank Guarantee
A Singapore-law governed financial instrument combining guarantees from multiple banks to provide enhanced security for commercial transactions.
find out more
Bank Guarantee Renewal Letter
A formal request to extend an existing bank guarantee's validity period under Singapore banking regulations.
find out more
Bank Endorsement Guarantee
A Singapore-law governed bank guarantee instrument where a bank commits to pay a specified sum to a beneficiary upon compliant demand.
find out more
Direct Bank Guarantee
A Singapore law-governed primary obligation by a bank to pay a specified sum to a beneficiary upon demand, subject to stated terms.
find out more
Corporate Guarantee For Bank Loan
A Singapore law-governed corporate guarantee where a company guarantees repayment of another entity's bank loan obligations.
find out more
Bank Guarantee For Deposit
A Singapore-governed financial instrument where a bank guarantees payment of a specified deposit sum to a beneficiary upon demand.
find out more
Standby Letter Of Credit For Lease
A bank-issued guarantee document under Singapore law that secures a landlord against tenant default in lease obligations.
find out more
Bank Surety Letter
A Singapore-compliant bank guarantee document where a bank provides financial assurance to a beneficiary against a principal's default.
find out more
Bank Payment Guarantee Letter
A Singapore-law governed bank guarantee providing payment security from a bank to a beneficiary under specified conditions.
find out more
Bank Guarantee For Rent
A Singapore bank's unconditional undertaking to pay a landlord a specified sum as rental security in place of a cash deposit.
find out more
Bank Guarantee First Demand
A Singapore-law governed bank guarantee providing immediate payment upon first demand, without proof of default required.
find out more
Unsecured Bank Guarantee
A Singapore-law governed bank guarantee where the bank provides an unconditional undertaking to pay without requiring security from the principal obligor.
find out more
Financial Guarantee And Performance Guarantee
A Singapore law-governed guarantee document securing both financial obligations and performance requirements in commercial transactions.
find out more
Domestic Bank Guarantee
A Singapore-governed bank guarantee where a bank commits to pay a specified sum to a beneficiary upon demand within domestic jurisdiction.
find out more
Bank Guarantee For Tender
A Singapore-compliant financial instrument issued by banks to secure tender commitments, protecting the tender issuer against bid withdrawal risks.
find out more
Bank Guarantee Discharge Letter
A formal document under Singapore law that releases a bank from its obligations under a previously issued bank guarantee.
find out more
Non Financial Guarantee
A Singapore law-governed guarantee securing non-monetary performance obligations between parties.
find out more
Digital Bank Guarantee
A digitally-issued bank guarantee under Singapore law, providing security through electronic means while maintaining legal enforceability.
find out more
Bank Guarantee For Lost Bill Of Lading
A Singapore-law governed bank guarantee protecting shipping companies when delivering cargo without original bills of lading.
find out more
Bank Guarantee For Commercial Lease
A Singapore-law governed bank guarantee securing a commercial tenant's obligations to their landlord.
find out more
Guarantee Letter
A formal undertaking under Singapore law where a guarantor commits to fulfilling another party's obligations to a beneficiary.
find out more
Counter Standby Letter Of Credit
A Singapore-law governed counter-guarantee instrument issued by one bank to another, backing an existing Standby Letter of Credit.
find out more
Bank Guarantee Irrevocable
A Singapore-law governed unconditional undertaking by a bank to pay a specified sum upon demand, providing irrevocable financial security.
find out more
Standby Letter Of Credit And Bank Guarantee
A Singapore-law governed financial security instrument providing payment assurance through bank undertaking.
find out more
Bank Guarantee Letter Of Credit
A bank-issued guarantee of payment under Singapore law, providing security in international trade transactions.
find out more
Trade Finance Bank Guarantee
A bank-issued financial guarantee governed by Singapore law, providing payment security in trade transactions.
find out more
Irrevocable And Unconditional Bank Guarantee
A Singapore-law governed bank guarantee providing unconditional payment commitment upon demand.
find out more
Letter Of Credit And Standby Letter Of Credit
A Singapore-law governed financial instrument issued by banks to guarantee payment upon presentation of specified documents, commonly used in international trade.
find out more
Bank Credit Guarantee
A Singapore-governed bank guarantee document where a bank commits to fulfill specified financial obligations if a debtor defaults.
find out more
Bank Assurance Letter
A legally binding financial guarantee document issued by a Singapore-licensed bank under Singapore banking regulations.
find out more
Bank Guarantee Cancellation Letter
A formal request under Singapore law to cancel an existing bank guarantee and release all related obligations.
find out more
Revolving Standby Letter Of Credit
A Singapore-law governed revolving credit instrument that automatically reinstates after drawings, providing continuous financial security under Singapore's banking framework.
find out more
Open Ended Bank Guarantee
A Singapore-law governed perpetual bank guarantee providing ongoing financial security until explicitly released by the beneficiary.
find out more
Bid Bond Bank Guarantee
A Singapore-law governed bank guarantee securing a bidder's obligations in a tender process.
find out more
On Demand Bank Guarantee
A Singapore-law governed bank undertaking to pay a specified sum upon demand, subject to Singapore banking regulations and international practices.
find out more
Bank Endorsement Letter
A formal banking document issued under Singapore law that provides institutional assurance or guarantee for specific financial transactions.
find out more
Advance Payment Guarantee Letter
A Singapore-compliant bank guarantee securing advance payments made by buyers against potential default by sellers.
find out more
Revolving Bank Guarantee
A Singapore-law governed revolving guarantee issued by a bank that automatically reinstates after each demand, subject to an overall limit.
find out more
Retention Bank Guarantee
A Singapore law-governed financial instrument issued by a bank to replace cash retention, guaranteeing payment upon demand if contractual obligations are not met.
find out more
Conditional Bank Guarantee
A Singapore-law governed bank guarantee that becomes payable upon satisfaction of specific predetermined conditions.
find out more
Bank Guarantee Performance Bond
A Singapore-law governed bank guarantee securing performance obligations, where a bank provides financial assurance for a principal's contractual commitments.
find out more
Performance Letter Of Guarantee
A bank-issued guarantee under Singapore law that ensures payment to a beneficiary if a principal fails to meet their contractual obligations.
find out more
Cash Backed Bank Guarantee
A Singapore-law governed bank guarantee secured by cash deposit, providing financial assurance in commercial transactions.
find out more
Bank Counter Guarantee
A Singapore-law governed financial instrument where one bank guarantees another bank's obligations under a primary guarantee.
find out more
Back To Back Bank Guarantee
A Singapore-law governed financial instrument where one bank issues a guarantee backed by another bank's counter-guarantee.
find out more
Bid Bond Tender Guarantee
A Singapore-law governed financial guarantee securing a bidder's obligations in a tender process.
find out more
Bank Letter Of Comfort
A non-binding assurance document issued by banks under Singapore law to provide comfort about a client's standing to third parties.
find out more
Performance Bank Guarantee
A Singapore law-governed bank guarantee securing performance obligations under a contract, providing financial security to the beneficiary.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.