Catalogue / Bank guarantees & surety bonds
Retention money guarantee, Elite seriesSample
by Krishna Associates (Sample) · verified by BARREL
Price for verified buyers
Ordered and invoiced through BARREL — one contract, one GST invoice.
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Krishna Elite retention money guarantee, offered in 3 guarantee amount options from INR 50 lakh to INR 5 crore. Design: alternative to cash margin, extension management and quick turnaround for bids. Used by EPC contractors bidding for projects, exporters and developers. 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
- Krishna
- Model
- KRI-448 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
| Variant | Specifications | Min. order · lead time | Price, ex GST |
|---|---|---|---|
| Guarantee amountINR 50 lakhKRI-448-01 | Guarantee amount: INR 50 lakh | 1 job · Issuance in 3-10 days | for verified buyers |
| Guarantee amountINR 1 croreKRI-448-02 | Guarantee amount: INR 1 crore | 1 job · Issuance in 3-10 days | for verified buyers |
| Guarantee amountINR 5 croreKRI-448-03 | Guarantee amount: INR 5 crore | 1 job · Issuance in 3-10 days | for verified buyers |
Specifications
| Guarantee amount | INR 50 lakh to INR 5 crore (see variants) |
|---|---|
| Instrument | Bank guaranteemade to order: Insurance surety bond / Standby letter of credit |
| Purpose | Advance payment |
| Validity | 12 monthsmade to order: 24 months / 36 months |
| Margin | Nil with surety |
| Collateral | 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 reviewmade to order: Notification support |
| Renewal | Managed renewalmade to order: Auto-reminder |
| Fee basis | One-time |