Bid Bond  we will buy the tender documents on your name from the OGDCL When we submit the bid it will be on your letter head and we will be submitting as your local agent for this tender. With this tender you will send bid bond (Bank Guarantee) in the name of the OGDCL   which is 2% of the total C&F Value because it is foreign purchase and only foreign companies are allowed to participate. This bid bond is refundable in either case whether you win or lose. It is a sort of guarantee that if you win then you can not back out. As you know it is a sort of precaution to avoid the fake bids. This bid bond on legal paper will be issued by any foreign bank or local bank operating in Pakistan in the name of OGDCL  which is one of the governmental E&P organizations and known in the whole world in oil and gas sector. The foreign bank will instruct its branch or liaison branch in Pakistan to issue bid bond on legal paper for the stipulated time of validity of your quotation. Following foreign banks are operating in Pakistan.

1.       Citi Bank

2.       Standard Chartered Bank

3.       Faysal Bank

4.       Duetche Bank

5.       HSBC

6.       American Express Bank

7.       Dubai Islamic Bank

8.       NiB Bank

9.       Barclay Bank

10.   Samba Bank