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The Bid Bond Tender Guarantee is a fundamental document in Danish procurement processes, particularly for high-value or complex projects where the tender issuer needs security against non-performance by bidders. This guarantee, governed by Danish law and EU procurement regulations, provides financial protection to the tender issuer (beneficiary) against the risk of a bidder withdrawing their bid, failing to sign the contract if awarded, or not providing required performance security. The document typically specifies a guarantee amount of 1-5% of the bid value, validity period aligned with the tender timeline, and precise conditions for claim submission. It must comply with Danish financial regulations and the Danish Contracts Act (Aftaleloven), while also meeting EU procurement directive requirements.

1. Parties: Identification of the Guarantor (bank/financial institution), the Principal (bidder), and the Beneficiary (tender issuer)

2. Background: Brief description of the tender process, reference to the tender number/identification, and the purpose of the guarantee

3. Definitions: Definition of key terms used in the guarantee, including 'Tender', 'Bid', 'Guarantee Amount', and other relevant terms

4. Guarantee: The core guarantee provision, specifying the maximum guarantee amount and the conditions under which it becomes payable

5. Duration: The validity period of the guarantee, including start date and expiry conditions

6. Demand Requirements: Specific requirements and format for making a valid demand under the guarantee

7. Payment Terms: Terms and conditions for payment, including payment period and method

8. Reduction and Release: Conditions under which the guarantee amount may be reduced or the guarantee released

9. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes