Catalogue / Bank guarantees & surety bonds
Insurance surety bonds for contract performance, Ultra 4 seriesSample
by Madurai Advisory (Sample) · verified by BARREL
Price on quote
Ordered and invoiced through BARREL — one contract, one GST invoice.
Customise and request quoteMade to order: change the marked specification rows to what you need; Madurai Advisory (Sample) quotes for it.
Or send an open RFQ to every matching merchant.
Madurai Ultra 4 insurance surety bonds for contract performance, offered in 6 guarantee amount options from INR 10 lakh to INR 100 crore. Key features: relief to working capital, bank and surety quotes compared and extension management. Used by equipment suppliers, developers 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 East & North-East India. Sample listing: illustrative data for testing BARREL Shop, not a real offer.
- Brand
- Madurai
- Model
- MAD-493 series
- Listing type
- Service
- Unit
- job
- Minimum order
- 1 job
- Lead time
- Renewals 3 days
- Warranty
- As per guarantee terms
- Standards
- IRDAI (Surety Insurance Contracts) Guidelines 2022, RBI Master Direction on Guarantees, Indian Contract Act 1872
- Delivers to
- East & North-East 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 lakhMAD-493-01 | Guarantee amount: INR 10 lakh | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 50 lakhMAD-493-02 | Guarantee amount: INR 50 lakh | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 1 croreMAD-493-03 | Guarantee amount: INR 1 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 5 croreMAD-493-04 | Guarantee amount: INR 5 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 25 croreMAD-493-05 | Guarantee amount: INR 25 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 100 croreMAD-493-06 | Guarantee amount: INR 100 crore | 1 job · Renewals 3 days | on quote |
Specifications
| Guarantee amount | INR 10 lakh to INR 100 crore (see variants) |
|---|---|
| Instrument | Insurance surety bondmade to order: Bank guarantee / Standby letter of credit |
| Purpose | Retentionmade to order: Bid security / Advance payment / Performance |
| Validity | 12 monthsmade to order: 24 months / 36 months |
| Margin | 10-25% |
| Collateral | Fixed depositmade to order: Hypothecation of receivables |
| Issuance time | 3-5 daysmade to order: 1-2 weeks |
| Beneficiary acceptance | Format as per tender |
| Claim handling | Notification supportmade to order: Documentation review |
| Renewal | Auto-remindermade to order: Managed renewal |
| Fee basis | One-timemade to order: Per annum percentage |