All You Need to Know about NTPC Tenders

National Thermal Power Corporation Ltd, commonly referred to as NTPC, is essentially an Indian Public Sector Undertaking. This organization is wholly owned by the government of India, and is one of the major players in the domain of electricity production. In addition to generation and sale of electricity to various State Electricity Boards, as well as state owned power distribution facilities of the nation, NTPC also undertakes diverse contracts related to the sphere of power plant management, engineering and construction management.

Being a large public sector enterprise, NTPC usually issues a number of tenders for procurements projects and contracts. Tendering basically is a highly systematic procedure through which several organizations across the globe, both private and public, invite bids from contractors for the completion of large scale projects that involve a considerable sum of investment. NTPC tenders are conducted both through the traditional tendering system and the e-tendering process. Information about these tenders can easily be found on renowned tendering websites and hence people from diverse parts of the country can participate in them. As NTPC is a highly reputed and well-established public organization, acquiring their contract can be a great achievement for any enterprise and therefore many people choose to bid on these tenders.

Essentials of NTPC Tenders
A majority of NTPC tenders are hosted on their exclusive e-procurement website. Interested contractors can easily take part in the open tenders published on their online portal. In a few cases, the bidders may even have to pay a nominal fee to submit their responses and gain access to the relevant tender documents.

For participating in NTPC e-tenders issued on their designated online portal, interested contractors should have a valid user ID. In case any new contractor wants to participate in them, then they ideally would have to send an application along with a demand draft to the NTPC office.

Additionally, as per the Information Technology Act of 2000, contractors interested in participating in NTPC e-tenders would be required to purchase a digital signature certificate for being considered eligible for bidding for such tenders. The relevant tender fee for NTPC projects can easily be submitted through their e-procurement website.

In order to keep a track of the latest NTPC tenders floating in the market and their deadlines, contractors should ideally keep checking the renowned online tendering portals available on a regular basis.

Reasons Why the Tendering System is used for Railway Projects

A number of large-scale projects are undertaken by the railways every year due to the extensive size and use of the Indian railway network. These projects are ideally quite expansive in scope and involve a considerable sum of investment. And as such, usually tenders are issued by the railways for the completion of these projects.  

Reasons why tenders are issued for the completion of railway projects: 

• Quality of output: The Indian railway network is used by thousands of people every day, and hence to ensure their convenience and safety, it is important that all the projects related to it are completed with the highest efficiency. Contractors and supplier participating in the tendering process ideally have to provide an accurate list of their accomplishments, certificates, past projects and accreditations to be considered for the project in hand. This meticulous and structured system provides assurance that the unqualified candidates are eliminated, and only the most efficient bidders are chosen subsequent to the evaluation process. This process also reduces the cases of favoritism in the awarding of contracts.
  
• Value for money: Wining a railway tender can go a long way in enhancing the goodwill and reputation of a company in the market. Therefore, a great number of people tend to participate in such contracts. In most cases, to gain an edge over their competitors and win the railway contract, bidders offer the best possible quality at the lowest possible price range. This in turn saves the money of the taxpayers, as the majority of funds invested in railway projects ideally come from the public.
  
• Adherence to regulations: The tendering system provides assurance that the bidder winning the contract would orderly abide by the prearranged framework for the project. Like all government bodies, the Railway department has to follow certain legislative obligations and regulation. The projects undertaken by them are required to be completed under these guidelines as well. With the help of the tendering system, the railway department can monitor the workings of the contractors and ensure that they follow the relevant legislative obligations.

Contractors interested in bidding for railway tenders can easily acquire detailed and accurate information about them by exploring some of the prominent online portals publishing updates of government tenders.