Published on 19/05/2017 10:54:38 AM | Source: Dion Global Solutions Ltd

Railways to launch redesigned e-tendering system: Reports

Posted in Industry News | #India #Industry #Railways

The Indian Railways has said that it will launch shortly its redesigned e-tendering system with more user-friendly new features to facilitate digital participation of over 60,000 vendors. As per reports, the system envisages that bids are invited online and the entire process leading to award of a tender is done electronically.

Commenting on the issue, a senior rail official told the media, “Online refund of tender cost and 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 and transparent.”

“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 and inspection call and contract amendment process,” he added.

As per reports, the railway supply chain supports activities of production, asset acquisition, periodic overhaul and maintenance of rolling stock, tracks, stations, signalling and telecom network, among others.