A two-unit standby redundant system with exponential failure time distribution of the operative unit is considered. It is assumed that failure of the standby unit is detected only at the time of use and is available with a known probability. Repair facility is also available at the time of need with a known probability. Repair and preoccupation times are general. Stochastic behaviour of the system has been studied by Semi-Markov process and parameters of interest eg. MTSF, steady state availability, expected profit have been obtained. Expected profit of this model is compared with that of an earlier model and a condition on extra incurred cost is obtained.