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Economy
Mahesh

23/04/22 10:43 AM IST

e-Auction of Commercial Earning and Non-Fare Revenue contracts

In News 
  • Indian Railways has launched a ‘pilot project’ for e-Auction of Commercial Earning and Non-Fare Revenue contracts, on eleven Divisions over nine Zonal Railways.
Features
  • For the contracts for leasing of parcel space, parking lots, and commercial publicity
  • Quick finalization of contract, and quick re-award in case failure of any contract
  • No geographical restriction on bidders/ applicants for registration and participation in any e-Auction throughout Indian Railways
  • Relaxed eligibility criteria
  •  E-Auction (online) only through IREPS
  • Auction catalogues to be published minimum 12 days prior to the day of auction
  •  To ensure ease-of-doing-business
Source-PIB 

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