10 WAYS HOW SURETY BONDS SCORE OVER BANK GUARANTEES
The World over, Surety Bonds have emerged as a safer, more convenient and reliable mechanism of providing non-funded support to contractors. This support extends end-to-end – right from the bidding…
Model Tenancy Act: Advantage Rental Bonds
The government’s approval for the Model Tenancy Act is a landmark reform that will usher in a new era for the real estate sector in the country. The Indian residential…
Rental Bonds – Kick starter for residential renting in India post lifting of lockdowns
It’s been more than a year since the first lockdown because of Covid-19 in India. A lot has changed for millions of people during these challenging times – Lives lost…
Security Deposits: The Tenant’s Concern
There comes a time in every individual’s life when he/she has to move out of his hometown and relocate to a new city for professional reasons. The first order of…
Surety Bonds: Bringing Credibility to the table
The recent recommendations of the working group set up by the IRDA outlined the benefits of surety guarantees as “The Surety Bonds are proven risk management mechanisms with a long…
Surety Bonds – the solution to the Corona triggered liquidity crisis?
The Finance Minister Ms Nirmala Sitharaman announced a reduction in the requirement of performance security on construction & infrastructure contracts to 3% from the 5-10% required earlier while a bid…
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