Catalogue / Bank guarantees & surety bonds
Retention money guarantee, Xtra seriesSample
by Sudarshangen Advisory (Sample) · verified by BARREL
Price for verified buyers
Ordered and invoiced through BARREL — one contract, one GST invoice.
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The Xtra service of retention money guarantee by Sudarshangen covers 4 guarantee amount options (INR 10 lakh to INR 5 crore). Highlights: relief to working capital, extension management and quick turnaround for bids. Used by EPC contractors bidding for projects, equipment suppliers and exporters. 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 West India. Sample listing: illustrative data for testing BARREL Shop, not a real offer.
- Brand
- Sudarshangen
- Model
- SUD-445 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
- West 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 lakhSUD-445-01 | Guarantee amount: INR 10 lakh | 1 job · Issuance in 3-10 days | for verified buyers |
| Guarantee amountINR 50 lakhSUD-445-02 | Guarantee amount: INR 50 lakh | 1 job · Issuance in 3-10 days | for verified buyers |
| Guarantee amountINR 1 croreSUD-445-03 | Guarantee amount: INR 1 crore | 1 job · Renewals 3 days | for verified buyers |
| Guarantee amountINR 5 croreSUD-445-04 | Guarantee amount: INR 5 crore | 1 job · Renewals 3 days | for verified buyers |
Specifications
| Guarantee amount | INR 10 lakh to INR 5 crore (see variants) |
|---|---|
| Instrument | Insurance surety bondmade to order: Bank guarantee / Standby letter of credit |
| Purpose | Advance paymentmade to order: Bid security / Performance / Retention |
| Validity | 36 months |
| Margin | 10-25%made to order: Nil with surety |
| Collateral | Fixed depositmade to order: Hypothecation of receivables |
| Issuance time | 1-2 weeks |
| Beneficiary acceptance | Beneficiary format verified |
| Claim handling | Documentation reviewmade to order: Notification support |
| Renewal | Managed renewal |
| Fee basis | Per annum percentagemade to order: One-time |