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Advance payment guarantee arrangement, Flex 4 seriesSample

by Jhelum Associates (Sample) · verified by BARREL

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The Flex 4 service of advance payment guarantee arrangement by Jhelum covers 4 guarantee amount options (INR 50 lakh to INR 25 crore). Design: quick turnaround for bids, tender-format compliance check and alternative to cash margin. Typically used for developers, 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 Issuance in 3-10 days; serves All India. Sample listing: illustrative data for testing BARREL Shop, not a real offer.

Brand
Jhelum
Model
JHE-1D1 series
Listing type
Service
Unit
job
Minimum order
1 job
Lead time
Issuance in 3-10 days
Warranty
Verification letter provided
Standards
IRDAI (Surety Insurance Contracts) Guidelines 2022, RBI Master Direction on Guarantees, Indian Contract Act 1872
Delivers to
All 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

VariantSpecificationsMin. order · lead timePrice, ex GST
Guarantee amountINR 50 lakhJHE-1D1-01Guarantee amount: INR 50 lakh1 job · Issuance in 3-10 dayson quote
Guarantee amountINR 1 croreJHE-1D1-02Guarantee amount: INR 1 crore1 job · Issuance in 3-10 dayson quote
Guarantee amountINR 5 croreJHE-1D1-03Guarantee amount: INR 5 crore1 job · Renewals 3 dayson quote
Guarantee amountINR 25 croreJHE-1D1-04Guarantee amount: INR 25 crore1 job · Renewals 3 dayson quote

Specifications

Guarantee amountINR 50 lakh to INR 25 crore (see variants)
InstrumentInsurance surety bondmade to order: Bank guarantee / Standby letter of credit
PurposeAdvance paymentmade to order: Bid security / Performance / Retention
Validity36 months
MarginNil with surety
CollateralHypothecation of receivables
Issuance time3-5 days
Beneficiary acceptanceFormat as per tender
Claim handlingNotification support
RenewalAuto-remindermade to order: Managed renewal
Fee basisPer annum percentagemade to order: One-time

BARREL: Bharat Atom Renewable Resources Energy Limited