Catalogue / Bank guarantees & surety bonds
Bid bond and EMD substitution, Max seriesSample
by Vijaya Energy Services (Sample) · verified by BARREL
Price on quote
Ordered and invoiced through BARREL — one contract, one GST invoice.
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Vijaya Max bid bond and EMD substitution, offered in 3 guarantee amount options from INR 10 lakh to INR 1 crore. Key features: relief to working capital, extension management and bank and surety quotes compared. Used by equipment suppliers, exporters and EPC contractors bidding for projects. 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 All India and export (SAARC, Middle East, Africa). Sample listing: illustrative data for testing BARREL Shop, not a real offer.
- Brand
- Vijaya
- Model
- VIJ-226 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
- 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 lakhVIJ-226-01 | Guarantee amount: INR 10 lakh | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 50 lakhVIJ-226-02 | Guarantee amount: INR 50 lakh | 1 job · Renewals 3 days | on quote |
| Guarantee amountINR 1 croreVIJ-226-03 | Guarantee amount: INR 1 crore | 1 job · Renewals 3 days | on quote |
Specifications
| Guarantee amount | INR 10 lakh to INR 1 crore (see variants) |
|---|---|
| Instrument | Insurance surety bond |
| Purpose | Retentionmade to order: Bid security / Advance payment / Performance |
| Validity | 12 monthsmade to order: 24 months / 36 months |
| Margin | 10-25% |
| Collateral | Hypothecation of receivables |
| Issuance time | 1-2 weeks |
| Beneficiary acceptance | Format as per tendermade to order: Beneficiary format verified |
| Claim handling | Documentation review |
| Renewal | Managed renewalmade to order: Auto-reminder |
| Fee basis | Per annum percentagemade to order: One-time |