Catalogue / Bank guarantees & surety bonds
Performance bank guarantee facility, Pro 5 seriesSample
by Madurai Advisory (Sample) · verified by BARREL
Price on quote
Ordered and invoiced through BARREL — one contract, one GST invoice.
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The Pro 5 service of performance bank guarantee facility by Madurai covers 3 guarantee amount options (INR 1 crore to INR 25 crore). Key features: relief to working capital, quick turnaround for bids and alternative to cash margin. Typically used for EPC contractors bidding for projects, equipment suppliers and developers. 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-325 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 1 croreMAD-325-01 | Guarantee amount: INR 1 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 5 croreMAD-325-02 | Guarantee amount: INR 5 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 25 croreMAD-325-03 | Guarantee amount: INR 25 crore | 1 job · Renewals 3 days | on quote |
Specifications
| Guarantee amount | INR 1 crore to INR 25 crore (see variants) |
|---|---|
| Instrument | Bank guaranteemade to order: Insurance surety bond / Standby letter of credit |
| Purpose | Advance payment |
| Validity | 36 months |
| Margin | 10-25%made to order: Nil with surety |
| Collateral | Fixed depositmade to order: Hypothecation of receivables |
| Issuance time | 3-5 days |
| Beneficiary acceptance | Format as per tendermade to order: Beneficiary format verified |
| Claim handling | Documentation review |
| Renewal | Auto-remindermade to order: Managed renewal |
| Fee basis | One-timemade to order: Per annum percentage |