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Railways To Launch Shortly Its Redesigned E-tendering System, Targets 60,000 Vendors

Posted By Rail Analysis

Post Date: 19/05/2017

Category: Planning & Design,   Type: Indian Railways

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New Delhi: The Indian Railways will launch shortly its redesigned e-tendering system with more user-friendly new features to facilitate digital participation of over 60,000 vendors. Ushering in a new era by going paperless, the system envisages that bids are invited online & the entire process leading to award of a tender is done electronically.

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More Details:

  1.  A senior railway ministry official said, online refund of tender cost & earnest money deposit, online bidder deregistration process, integration with payment gateways of more banks are currently underway in the railways to make the system efficient & transparent.
  2.  The redesigned e-tendering system part of the complete digitisation of supply chain will have vendor interface module to benefit vendors with online vendor registration & inspection call & contract amendment process.
  3.  The official said, besides, the system would facilitate auto-alerts, processes relating to acceptance of supplied material & its payments and also include vendor grievance redressal process.
  4.  The railway supply chain supports activities of production, asset acquisition, periodic overhaul & maintenance of rolling stock, tracks, stations, signalling & telecom network, etc.
  5.  The official said that digitisation of railway supply chain is designed towards achieving objectives of transparency, global reach, efficiency, ease of doing business, removing entry barriers & enhanced competitiveness.
  6.  While several vendor-related processes & documents are also going to be digitised, efforts are also on to enable vendors to submit online bills & ensure seamless payment.
  7.  The digitised supply chain provides single window access for entire supply chain process, 24x7 global & easy reach in real time, savings of time, cost & efforts, online payments for tender cost & earnest money deposit.
  8.  Digitisation of railway supply chain began with e tendering in its procurement & e-auction in its sale of scrap, the official said.
  9.  At present, scrap material more than Rs 2,700 crore (approx US$ 415.38 Million) is sold through 100% e-auctions annually.
  10.  While over 2,700 bidders have been registered for sale of scrap materials, more than 32,000 scrap lots are e-auctioned annually.
  11.  Payment towards earnest money deposit is collected through e-payment gateway.

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