Surety bonds for contractors in Greater Noida, Noida and Delhi NCR

Keiri Tech’s Funding Desk works from Alpha 1, Greater Noida and helps contractors across Greater Noida, Noida, Ghaziabad and Delhi NCR replace bank guarantees with insurance surety bonds. Our panel checks your eligibility, prepares the proposal and collects quotes from general insurers that issue surety bonds – so your margin money and bank limits stay free for working capital.

Bonds we help with

Where surety bonds are accepted

Central government departments must accept them like a bank guarantee under the General Financial Rules, and NHAI, MoRTH, Railways (RVNL) and power-sector projects accept them for bid and performance security. Central PSUs decide tender by tender. For state bodies and development authorities in Uttar Pradesh and Delhi, acceptance depends on the tender clause – send us the tender and we will check it before you apply.

How it works

1. Share the tender or award – bond type, amount and period.
2. Eligibility check – our panel reads your financials and track record the way an underwriter does.
3. Proposal and quotes – we prepare the proposal and get quotes from insurers.
4. Issue – you sign the indemnity, pay the premium and the insurer issues the bond.

Who is eligible

• Contractors with a track record of similar works, typically 3 years or more
• Audited financials showing profit and positive net worth
• Clean credit record for the firm and promoters – no recent default or restructuring
• A contract with an employer that accepts insurance surety bonds

How much you can get

• The bond amount is set by the tender – usually 1%–2% of contract value for bid security and 3%–10% for performance security
• Bond period up to about 5 years including the defect liability period
• Premium is roughly 0.5%–3% a year of the bond amount, depending on your profile and the project

Documents

• Audited financials for 3 years and current-year provisional figures
• Work orders and completion certificates of similar works
• List of works in hand
• Tender document or letter of award
• Sanction letters of bank limits and list of guarantees outstanding
• KYC of the firm and promoters

Tips from our credit panel

• Use surety bonds for new tenders and keep your bank guarantee limit for suppliers and working capital
• Check whether the employer wants a conditional or unconditional bond before applying
• Start the process as soon as the tender is out – insurers need time to underwrite

Also serving: Noida · Ghaziabad · Delhi · Gurugram · Pune

Common questions