Catalogue / Bank guarantees & surety bonds
Insurance surety bonds for contract performance, Neo seriesSample
by Krishna Associates (Sample) · verified by BARREL
Price on quote
Ordered and invoiced through BARREL — one contract, one GST invoice.
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Insurance surety bonds for contract performance from Krishna, Neo series: 5 guarantee amount options between INR 10 lakh and INR 25 crore. Key features: extension management, alternative to cash margin and quick turnaround for bids. Suited to EPC contractors bidding for projects, exporters and equipment suppliers. 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 All India. Sample listing: illustrative data for testing BARREL Shop, not a real offer.
- Brand
- Krishna
- Model
- KRI-496 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
- 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 10 lakhKRI-496-01 | Guarantee amount: INR 10 lakh | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 50 lakhKRI-496-02 | Guarantee amount: INR 50 lakh | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 1 croreKRI-496-03 | Guarantee amount: INR 1 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 5 croreKRI-496-04 | Guarantee amount: INR 5 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 25 croreKRI-496-05 | Guarantee amount: INR 25 crore | 1 job · Renewals 3 days | on quote |
Specifications
| Guarantee amount | INR 10 lakh to INR 25 crore (see variants) |
|---|---|
| Instrument | Insurance surety bond |
| Purpose | Advance paymentmade to order: Bid security / Performance / Retention |
| Validity | 12 monthsmade to order: 24 months / 36 months |
| Margin | Nil with surety |
| Collateral | Hypothecation of receivablesmade to order: Fixed deposit |
| Issuance time | 1-2 weeksmade to order: 3-5 days |
| Beneficiary acceptance | Format as per tender |
| Claim handling | Notification support |
| Renewal | Auto-remindermade to order: Managed renewal |
| Fee basis | Per annum percentage |