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A Bid Bond Tender Guarantee is a crucial document in Singapore's tendering process, particularly for high-value projects where the tender issuer requires security against bidder default. This guarantee, typically issued by banks or financial institutions, ensures that bidders remain committed to their bids and will proceed with the contract if successful. The document specifies the guaranteed amount (usually 2-5% of the bid value), validity period, and conditions for calling upon the guarantee. Under Singapore law, these guarantees are autonomous instruments, meaning they can be called upon independent of the underlying tender relationship.

1. Parties: Details of the guarantor (bank/financial institution), principal (bidder), and beneficiary

2. Background: Context of the tender and reason for the guarantee

3. Definitions: Key terms used in the guarantee

4. Guarantee Amount: Specific sum being guaranteed

5. Duration and Validity: Period of effectiveness and expiry conditions

6. Demand Requirements: Conditions and process for making claims

7. Governing Law: Specification of Singapore law as governing law