Catalogue / Bank guarantees & surety bonds
Insurance surety bonds for contract performance, Edge seriesSample
by Coorg Associates (Sample) · verified by BARREL
Price on quote
Ordered and invoiced through BARREL — one contract, one GST invoice.
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The Edge service of insurance surety bonds for contract performance by Coorg covers 5 guarantee amount options (INR 50 lakh to INR 100 crore). Design: quick turnaround for bids, tender-format compliance check and alternative to cash margin. Suited to EPC contractors bidding for projects, equipment suppliers and exporters. Delivered in line with IRDAI (Surety Insurance Contracts) Guidelines 2022, RBI Master Direction on Guarantees and Indian Contract Act 1872. Mobilisation Renewals 3 days; serves West India. Sample listing: illustrative data for testing BARREL Shop, not a real offer.
- Brand
- Coorg
- Model
- COO-495 series
- Listing type
- Service
- Unit
- job
- Minimum order
- 1 job
- Lead time
- Renewals 3 days
- Warranty
- Verification letter provided
- Standards
- IRDAI (Surety Insurance Contracts) Guidelines 2022, RBI Master Direction on Guarantees, Indian Contract Act 1872
- Delivers to
- West India
- GST rate
- 18 %
- Country of origin
- India
- Delivery terms
- Site mobilisation as per work order
- Returns
- Re-work of defective scope at no cost
- Other terms
- Sample data for testing; not a real offer.
Variants
| Variant | Specifications | Min. order · lead time | Price, ex GST |
|---|---|---|---|
| Guarantee amountINR 50 lakhCOO-495-01 | Guarantee amount: INR 50 lakh | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 1 croreCOO-495-02 | Guarantee amount: INR 1 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 5 croreCOO-495-03 | Guarantee amount: INR 5 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 25 croreCOO-495-04 | Guarantee amount: INR 25 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 100 croreCOO-495-05 | Guarantee amount: INR 100 crore | 1 job · Renewals 3 days | on quote |
Specifications
| Guarantee amount | INR 50 lakh to INR 100 crore (see variants) |
|---|---|
| Instrument | Insurance surety bondmade to order: Bank guarantee / Standby letter of credit |
| Purpose | Bid securitymade to order: Advance payment / Performance / Retention |
| Validity | 12 monthsmade to order: 24 months / 36 months |
| Margin | 10-25%made to order: Nil with surety |
| Collateral | Fixed depositmade to order: Hypothecation of receivables |
| Issuance time | 3-5 daysmade to order: 1-2 weeks |
| Beneficiary acceptance | Format as per tendermade to order: Beneficiary format verified |
| Claim handling | Documentation review |
| Renewal | Auto-reminder |
| Fee basis | One-timemade to order: Per annum percentage |