Reasons for Using Tenders for the Completion of Railway Projects in India

The Indian Railways is one of the key pillars of transportation in the country, and is known to enable rapid, large scale and cost-effective movement of both goods and people across the nation. This system plays a major role in the socio-economic development of the country, and therefore needs to be maintained in perfect running condition. As such various projects related to its upkeep and development can be seen coming up every passing day. These projects are ideally completed with the help of railway tenders. In fact, the Railway Ministry has even launched an exclusive e-tendering portal for the numerous tenders they have to publish every time. 

Here are some of the key reasons why the tendering system is commonly used for the completion of projects related to the Indian Railways:

• Premium quality of output: The extensive network of the Indian Railways is used by many thousands of people on a daily basis. Hence, it is crucial to make sure that every project coming under it is completed with utmost efficiency, in order to be assured of the safety and convenience of the people using it. As the system of tendering is essentially used to filter all the unsuitable applicants from a pool of contractors, only the ones equipped to provide the best quality of output gets a chance to win the contract.
  
• Good value for money: Indian Railways is a State owned network. Therefore, all the funds invested in the projects related to them majorly come from the public. Thereby it becomes extremely important to ensure that the money coming from the taxpayers is utilized in the best possible manner, and none of it is wasted. In the tendering system, in order to gain an edge over their competitors, contractors are always inclined to offer superior quality of products in the most cost-effective pricing range, resulting in maximum savings.
  
• Adherence to the regulations: As the Railway Department is part of the Government; all projects coming under it need to be completed as per certain legislative obligations. The tendering system enables the Railway Department to monitor the contractors while they work on their project, and subsequently ensure that they follow the framework prescribed.

Contractors interested in participating in Railway tenders can check out a renowned and reliable website offering accurate tender details in order to acquire accurate and up-to-date information pertaining to them.