The problem
IT services contracts are people-heavy, not asset-heavy. A bank guarantee's cash collateral starves the delivery-team budget that actually executes the project.
IT & Technology
Win government IT contracts without draining working capital
GeM and e-governance tenders demand bid and performance security. Keep your capital free for delivery, not collateral.
₹29,000 Cr+
Estimated value of surety bonds issued in India
100+
Central Government procuring entities governed by GFR
10–20%
Typical surety margin vs bank guarantee
5–7 days
First-time issuance
Your bond journey
One contract, four bonds - capital free across the lifecycle.
Every stage of a government IT contract has a matching surety bond. Here's how they line up.
01 · Tender stage
Bid Bond
Replaces your EMD on GeM and e-governance tenders. Zero margin for BBB+ rated vendors.
View bond 02 · Contract awardedPerformance Bond
Guarantees delivery on software and systems integration contracts. 10–20% margin vs 50–100% for a bank guarantee.
View bond 03 · MobilisationAdvance Payment Bond
Secures mobilisation advances on large IT rollouts without depositing matching cash collateral.
View bond 04 · Post-completionRetention Money Bond
Releases retention held through go-live, AMC, or defect-liability milestones.
View bondHow we help
Why technology vendors choose Assurety
The fix
Assurety underwrites your contract pipeline and delivery track record, not physical collateral - a better fit for asset-light tech businesses bidding on multiple tenders.
Multi-contract support
Run bonds across active contracts - not capped by bank lines.
Dedicated specialist
An IT-sector-focused specialist on every application.
Claims protection
An investigative process guards against unjust forfeiture.
The comparison
Bank guarantee vs. surety bond.
| Metric | Surety Bond | Bank Guarantee |
|---|---|---|
| Margin / collateral | 10–20% (nil for BBB+) | 50–100% cash |
| Issuance time | 5–7 days (24–48 hrs repeat) | 2–4 weeks |
| Bond capacity | Beyond bank credit limit | Capped by credit line |
| Claim handling | Investigative - protects you | Unconditional, on-demand |
Margin / collateral
Surety Bond
10–20% (nil for BBB+)
Bank Guarantee
50–100% cash
Issuance time
Surety Bond
5–7 days (24–48 hrs repeat)
Bank Guarantee
2–4 weeks
Bond capacity
Surety Bond
Beyond bank credit limit
Bank Guarantee
Capped by credit line
Claim handling
Surety Bond
Investigative - protects you
Bank Guarantee
Unconditional, on-demand
Accepted by
Government and private project owners, including
NICGeMState e-governance missionsCentral ministriesPrivate enterprise owners
Ready to scale your technology business?
Share your project details and we'll have an indicative quote ready promptly.
