Catalogue / Bank guarantees & surety bonds
Insurance surety bonds for contract performance, Eco seriesSample
by Tejline Corporate Services (Sample) · verified by BARREL
Price on quote
Ordered and invoiced through BARREL — one contract, one GST invoice.
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The Eco service of insurance surety bonds for contract performance by Tejline covers 3 guarantee amount options (INR 10 lakh to INR 1 crore). Highlights: alternative to cash margin, quick turnaround for bids and tender-format compliance check. Used by exporters, EPC contractors bidding for projects 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 South India. Sample listing: illustrative data for testing BARREL Shop, not a real offer.
- Brand
- Tejline
- Model
- TEJ-492 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
- South 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 lakhTEJ-492-01 | Guarantee amount: INR 10 lakh | 1 job · Issuance in 3-10 days | on quote |
| Guarantee amountINR 50 lakhTEJ-492-02 | Guarantee amount: INR 50 lakh | 1 job · Issuance in 3-10 days | on quote |
| Guarantee amountINR 1 croreTEJ-492-03 | Guarantee amount: INR 1 crore | 1 job · Issuance in 3-10 days | on quote |
Specifications
| Guarantee amount | INR 10 lakh to INR 1 crore (see variants) |
|---|---|
| Instrument | Bank guaranteemade to order: Insurance surety bond / Standby letter of credit |
| Purpose | Bid security |
| Validity | 36 months |
| Margin | Nil with suretymade to order: 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 tendermade to order: Beneficiary format verified |
| Claim handling | Notification supportmade to order: Documentation review |
| Renewal | Managed renewalmade to order: Auto-reminder |
| Fee basis | Per annum percentagemade to order: One-time |