Indian Railways e-procurement system

Indian Railways has implemented e-procurement system for all zonal railways and production units.

With this the railways have uploaded 2.5 lakh e-tenders on the central web site till date, and more than 15,000 vendors have been registered with the site.

Electronic procurement has enabled vendors and the participating industry with free access to railway’s procurement tenders and has enhanced transparency and competitiveness in the tendering process.

Railways has issued computerized railway receipts for more than 99.9 percent of its freight loading which has helped in collection of approximately 69.9 percent of freight payment through e-payment contributing around Rs 4,000 crore per month from the participating major customers, thereby cutting down wasteful manual processes both for railway and there major freight customers.

Published in: on January 14, 2012 at 4:57 pm  Leave a Comment  

Railway Tender Procurement goes e – way

BHUBANESWAR, Jan. 30: The e-procurement system, aimed at improving transparency and reducing costs, was inaugurated by railway board chairman Mr KC Jena here recently.
The east coast railway stores department purchases around Rs 750 crore materials every year and this system will further improve transparency and productivity of the railway, Mr Jena said.
The e-procurement platform to ECoR has been provided by Centre for Railway Information System (CRIS) who has been entrusted. The new system will bring in benefits in terms of cost savings due to improved competition, improved internal efficiency ~ the procurement cycle will be further compressed by around 30 days, improved transparency in tendering process, and reduction in physical interface between government staff and contractor, railway sources said.
The contractors can now bid and witness the tender opening and see the bids of other tenders in their office or at home.
According to an estimate, the saving will be in the orders of lakh of rupees to the bidder for each tender case. To take advantage of this system, prospective suppliers should register themselves with IREPS (Indian Railways E-Procurement System) and for that they can visit, railway sources said.