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This is an ever growing list of Government beneficiaries that have started accepting Surety Bonds as an alternate to BGs. The same has also been made a part of the tenders they issue. In case it is missing from the tender document, it can be taken up in the pre-bid meeting and the acceptance can be provided via a corrigendum issued by the respective nodal department.
GeM - the government procurement portal - has also mentioned accepting SBs as part of their GTCs (General Terms and Conditions)
The ministries mentioned below (eg Ministry of Defence, Railways, MoRTH), have multiple departments under them and hence are obligate to accept Surety Bonds, though at first the mention of SBs might be missing in the Tender wordings. They can be modified by bringing the discrepancy to their attention before the Pre-Bid Meeting
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Founded by a team of serial entrepreneurs and industry experts, and backed by marquee investors, axiTrust is a registered technology and consulting company that provides financial services and products via its technology platform. It is bringing Surety Bonds to MSMEs for the first time India, via its partnership with the insurance ecosystem.
So Sellers can sell more and get paid on time. So Buyers can buy more with confidence. Profitably. Easily. Without Risk.
Phone / Whatsapp
+91 9220506149
Website
https://www.linkedin.com/company/axitrust/