The Indian railway is the fourth largest railway network across the globe by size. And, it is known to facilitate large scale, swift, and affordable movement of both goods and people across the country. The Indian Railways accounts for one percent of the GNP of the country, and also for about six percent of the total employment in the organized sector of India.
Railway Tenders
The Indian Railways is considered to be one of the key pillars of transportation in the country. Owing to its extreme importance, a great number of projects related to the development and maintenance of the railway system are undertaken every year in the nation. The system of tendering ideally helps the Ministry of Railways to identify the contractors who are the most skilled, qualified, and fit for completing these projects within the deadline mentioned.
Here are two key reasons as to why the system of tendering is used for the completion of railway projects:
The Indian Railways is considered to be one of the key pillars of transportation in the country. Owing to its extreme importance, a great number of projects related to the development and maintenance of the railway system are undertaken every year in the nation. The system of tendering ideally helps the Ministry of Railways to identify the contractors who are the most skilled, qualified, and fit for completing these projects within the deadline mentioned.
Here are two key reasons as to why the system of tendering is used for the completion of railway projects:
High quality of output: On a daily basis, the Indian railway network is used by many thousands of people belonging to all parts of the country. Hence, it is the responsibility of the Railway Ministry to provide assurance of their safety and convenience. In order to ensure these factors, it is crucial that all the projects related to the railway system are developed and completed with utmost efficiency. Through the system of tendering, all the contractors who do not have the relevant skills, experience, or infrastructure to undertake the project are eliminated. Hence, the railway authorities get to easily identify the contractors capable enough to provide the best quality of output.
Good value for money: Indian Railways is a state owned network. Therefore, all the funds invested in its projects majorly come from the public. The meticulous and systematic tendering procedure ensures that the money coming from the taxpayers’ pockets is utilized optimally. Due to the competitive feature of the tendering system, contractors are often encouraged to provide the best quality of products in the most affordable price range.
The Indian Railways even have their exclusive e-tendering platform through which they aim to make the tendering process extremely transparent and cost-effective for the contractors. To get detailed information about the railway e tenders issued in the market, interested contractors can visit the online portals providing tender details and updates.
The Indian Railways even have their exclusive e-tendering platform through which they aim to make the tendering process extremely transparent and cost-effective for the contractors. To get detailed information about the railway e tenders issued in the market, interested contractors can visit the online portals providing tender details and updates.
