Catalogue / Bank guarantees & surety bonds
Insurance surety bonds for contract performance, Core 9 seriesSample
by Ravinandi Advisory (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 Ravinandi, Core 9 series: 5 guarantee amount options between INR 10 lakh and INR 25 crore. Design: bank and surety quotes compared, alternative to cash margin and quick turnaround for bids. Used by 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 Issuance in 3-10 days; serves All India and export (SAARC, Middle East, Africa). Sample listing: illustrative data for testing BARREL Shop, not a real offer.
- Brand
- Ravinandi
- Model
- RAV-496 series
- Listing type
- Service
- Unit
- job
- Minimum order
- 1 job
- Lead time
- Issuance in 3-10 days
- Warranty
- As per guarantee terms
- Standards
- IRDAI (Surety Insurance Contracts) Guidelines 2022, RBI Master Direction on Guarantees, Indian Contract Act 1872
- Delivers to
- All India and export (SAARC, Middle East, Africa)
- 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 lakhRAV-496-01 | Guarantee amount: INR 10 lakh | 1 job · Issuance in 3-10 days | on quote |
| Guarantee amountINR 50 lakhRAV-496-02 | Guarantee amount: INR 50 lakh | 1 job · Issuance in 3-10 days | on quote |
| Guarantee amountINR 1 croreRAV-496-03 | Guarantee amount: INR 1 crore | 1 job · Issuance in 3-10 days | on quote |
| Guarantee amountINR 5 croreRAV-496-04 | Guarantee amount: INR 5 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 25 croreRAV-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 | Standby letter of credit |
| Purpose | Performance |
| Validity | 24 monthsmade to order: 12 months / 36 months |
| Margin | Nil with suretymade to order: 10-25% |
| Collateral | Hypothecation of receivables |
| Issuance time | 1-2 weeks |
| Beneficiary acceptance | Format as per tendermade to order: Beneficiary format verified |
| Claim handling | Notification support |
| Renewal | Auto-reminder |
| Fee basis | One-timemade to order: Per annum percentage |