Nov 11, 2021

10 YEARS GUARANTEE BOND FOR WATERPROOFING FORMAT

GUARANTEE FOR WATERPROOFING


The agreement made this……………………….Day………………….202... between…………………………………………………… (GUARANTOR) Or one part And the M/s (...................... Developers) (There in after called the EMPLOYER of the other part).

WHERE AS THIS agreement is supplementary to the main contract here in after called the contract/Work order no.……………….Dated………………………………………………...and
Made between the GUARANTOR OF THE ONE PART and the EMPLOYER of the other part where by the contract or inter alia, understood to render the building and structures in the said contract recited completely water and leak proof. 

AND WHERE AS THE GUARANTOR agreed to give a guarantee to the effect that the said structures will remain water and leak proof for 10 (Ten) years from the date of completion of work.

NOW THE GUARANTOR here by guarantees that the work done by him under item Nos………………………………………………………………………….of  the contract quoted above will Render the structures completely water and leak proof and the minimum life of such work shall be 10(Ten) years to be reckoned from the date of completion of the main contractor.

Provided that the guarantor will not be responsible for leakage caused by earthquake or cracks caused by structural defects or by misuse of roof for any operations & use which will damage the treatment on the roof or any alteration by way of any construction of additional storey or part or due to adjoining construction involving removal in parts of the treatment done earlier or replacement of flooring, buried pipes, sanitary fittings like water closet etc. in toilet.

During this period of guarantee the guarantor shall make good all defects and in case of any defects being found, render the building water and leak proof to the satisfaction of the EMPLOYER at Guarantors own cost and shall commence the work for such rectification within seven days from the date of issue of the notice from the EMPLOYER calling upon him to rectify the defects failing which the work shall be got done by the EMPLOYER by some other contractor at the GUARANTOR’s cost and the decision of the EMPLOYER as to the cost payable by the guarantor shall be final and binding.

IN WITNESS WHERE OF these presents have been executed by the Guarantor 
M/s……………………………………………………………………………………….and
by for and on behalf of M/s (............................. Developers) on the day, month and year first above written.


UNDERSIGNED, SEALED and delivered by GUARANTOR 

In the presence of


UNDERSIGNED FOR AND ON BEHALF OF THE EMPLOYER BY

In the presence of.



Team 
CBEC India

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