(i) Tender cost of ` 10,000/- (` Ten thousand) only, non-refundable can be paid by submitting a Bank Draft drawn on any Nationalized Bank in favour of the FA&CAO of any of the 16 Zonal Railways payable at their respective headquarters or by cash deposit to them. time 14.30 hours” on the envelope.
What is two packet system of tendering in railways?
The railways has been following a ‘two packets system of tendering’ for procurement, a system considered less transparent by experts. Under this system, tender quotations are submitted in two sealed envelopes, one containing the technical and commercial offers and the other the financial bids.
What is limited tender in railway?
Limited Tender System :- (i) Where for reasons which should be in the public interest, it is considered not practical or advantageous to call for open tenders, limited tenders may be invited with the concurrence of the Financial Adviser and Chief Accounts Officer and approval of the competent authority.
What is EPC contract in railway?
procurement and construction of the Project under and in accordance with the. provisions of an engineering, procurement and construction agreement (the. “EPC Contract”) to be entered into between the Contractor and the Authority.
What is the full form of Ireps in railway?
Indian Railways E-Procurement. System. IREPS is an official website of Indian Railways for procurement of Materials.
What is monetary limit in Ireps?
The trading firms shall be entitled for Category “E” at the time of initial registration with monetary value up to Rs. 01 Lakhs only. Within the monetary limit prescribed, as also the items of supply for which registration is granted the registered firm is not required to pay Security Deposit and Earnest Money Deposit.
Which step comes first in tender proceedings?
The public tendering process is highly structured and successful public tendering follows these steps: Identify a relevant opportunity – The first step is to identify the relevant opportunities & tenders are found easily on the BidAssist portal according to your requirements.
What is price variation in Indian Railways?
The Price Variation shall be based on the average Price Index of the quarter under consideration. Adjustment for variation in prices of material, labour, fuel, explosives, detonators, steel, concreting, ferrous, non- ferrous, insulators, zinc and cement shall be determined in the manner prescribed.
What is GCC Railway?
In recent years, Indian Railways has seen a rise in the number of service contracts in non-operational areas such as cleaning, facilities management, consultancy etc. which continue to be governed by the General Conditions of Contract (GCC) for Works at present.
What is open tender process?
Open tendering is the process aimed at acquiring goods or/and services at the lowest price. The belief is to stimulate competition and minimize discrimination. This is a transparent procurement process which allows fair play for competing contractors, suppliers, or vendors.
What is the full form of EPC?
EPC (Engineering, Procurement and Construction)
What is railway GeM?
The commerce and industry ministry launched the GeM on August 9, 2016 to create an open and transparent procurement platform of commonly used goods and services for all government departments, ministries and public sector firms. “Higher procurement is contingent on railway integration by October or November.
What is PNR in Indian Railways?
PNR means Passenger Name Record it is a 10 digit number mentioned at upper left corner of your Indian Railway Ticket. Indian Railways PNR Number is a record of passenger in Computer Reservation System (CRS).
What is a railway tender?
A tender or coal-car is a special rail vehicle hauled by a steam locomotive containing its fuel (wood, coal, or oil) and water. Steam locomotives consume large quantities of water compared to the quantity of fuel, so their tenders are necessary to keep them running over long distances. A locomotive that pulls a tender is called a tender locomotive.
When was the railway started in India?
The introduction of railways in India started in early 1832 . However, no steps were taken until a decade later on this front. In 1844, the then-governor general of the country, Lord Hardinge, encouraged private organizations to start the railway system in the country.
