Catalogue / Bank guarantees & surety bonds
Insurance surety bonds for contract performance, Plus seriesSample
by Sudarshangen Advisory (Sample) · verified by BARREL
Price on quote
Ordered and invoiced through BARREL — one contract, one GST invoice.
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The Plus service of insurance surety bonds for contract performance by Sudarshangen covers 6 guarantee amount options (INR 10 lakh to INR 100 crore). Design: alternative to cash margin, bank and surety quotes compared and quick turnaround for bids. Typically used for exporters, EPC contractors bidding for projects and equipment suppliers. 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-493 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
- 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-493-01 | Guarantee amount: INR 10 lakh | 1 job · Issuance in 3-10 days | on quote |
| Guarantee amountINR 50 lakhSUD-493-02 | Guarantee amount: INR 50 lakh | 1 job · Issuance in 3-10 days | on quote |
| Guarantee amountINR 1 croreSUD-493-03 | Guarantee amount: INR 1 crore | 1 job · Issuance in 3-10 days | on quote |
| Guarantee amountINR 5 croreSUD-493-04 | Guarantee amount: INR 5 crore | 1 job · Issuance in 3-10 days | on quote |
| Guarantee amountINR 25 croreSUD-493-05 | Guarantee amount: INR 25 crore | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 100 croreSUD-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 | Standby letter of creditmade to order: Bank guarantee / Insurance surety bond |
| Purpose | Retentionmade to order: Bid security / Advance payment / Performance |
| Validity | 24 months |
| Margin | Nil with suretymade to order: 10-25% |
| Collateral | Hypothecation of receivables |
| Issuance time | 3-5 daysmade to order: 1-2 weeks |
| Beneficiary acceptance | Beneficiary format verified |
| Claim handling | Documentation review |
| Renewal | Managed renewal |
| Fee basis | One-time |