Whereas

(A)  The Service Provider has entered into a contract (the Contract) with the Authority pursuant to which the Service Provider has agreed to undertake the Project.

(B)  The Service Provider and the Sub-Contractor have entered into a sub-contract (the Sub-Contract), under which the Sub-Contractor has agreed to provide services (the Sub-Contract Services) required for the purposes of the Project.

(C)  The Guarantor is [the parent company] of the Sub-Contractor and agrees to guarantee to the Authority the due and proper performance by the Sub-Contractor of its obligations under this Agreement.

It is agreed in consideration of the sum of one pound (£1) paid by the Authority, receipt of which the Sub-Contractor acknowledges, as follows: