Reasons to Use the Tendering System for the Completion of Railway Projects

The Indian Railways holds the reputation of being the fourth largest railway network of the world by its size. It plays an incredibly important role in facilitating large-scale, cost-effective, and fast-paced movement of both individuals and goods across the nation. The Indian Railways, in fact, accounts for just about one percentage of the GNP of India, as well as for approximately six percent of the total employment in the organized sector. The Indian Railways is, in fact, considered to be one of the most important pillars for transportation in the nation, and owing to its high unity, several projects in relation to its development and maintenance are undertaken every year.

Railway tenders are subsequently floated in the market for the completion of these projects. The tendering system helps the railway department to identify the most talented, experienced, and efficient contractors of the industry who would have the capability to complete these projects within the pre-defined deadline. 

Here are two of the biggest reasons why the tendering system is used for the completion of railway projects:

• High quality of output: The Indian railway network is used by several thousands of people belonging to diverse parts of the nation on a daily basis. Therefore, it is imperative to complete all railway related projects with utmost efficiency in order to ensure the safety and convenience of all the individuals travelling through trains in the country. The tendering procedure ideally makes sure that the contractors not having adequate experience, infrastructure, and relevant skills for the project are eliminated automatically. In this process, the contactors best capable of providing high quality of output are identified easily.
  
• Good value for money: Being a state owned network, the funds invested in the projects related to the Indian Railways comes largely from the public. The meticulous and well-defined process of tendering subsequently makes sure that the money of the taxpayers’ is utilized in the best possible manner. In this process, the contactors are ideally encouraged to offer the best quality of products in the most cost-effective price range, thereby saving the money of the taxpayers.

Details about various railway tenders floating in the industry can be found on the prominent online tender portals.