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Mahesh

25/06/22 07:07 AM IST

Policy & Portal of e-auction for Commercial earning, Non-Fare Revenue (NFR) contracts

In News 
  • Shri Ashwini Vaishnaw launched e-auction for Commercial earning, Non-Fare Revenue (NFR) contracts in Rail Bhavan.
About Policy
  • This policy is in line with the vision of Hon’ble Prime Minister to change the experience of common man by the use of technology.
  • With this new policy, tedious process of tendering would get simplified. Also, it would give opportunities for youth to join the e-auction process.
  • This policy enhances ease of living, promotes transparency and adds to Digital India initiatives in Railways.

E-Auction
  • Bidder located anywhere in India need to self register once for participating in auctions of any field unit of Indian Railways through the portal.
  • Remotely bid can be placed for management rights of an asset after depositing earnest money (EMD) electronically.
  • Successful bidder would be able to receive acceptance online and through e-mail in very short span of time.
  • There is no financial turnover requirement for annual contracts upto Rs. 40 lacs.
Features 
  • The Auction will be conducted online through ‘E-Auction Leasing’ module of IREPS: www.ireps.gov.in
  • Policy for e-Auction and Standard Conditions of Auction issued by Railway Board:
  • Earlier system of physical registration of contractors Division-wise has been done away with
  • Only financial criteria – based on self-declaration of past turnovers by contractors
  • Financial turnover criteria rationalized and standardized – No turnover requirement upto Rs. 40 lacs annual contract estimates
  • One time online self-registration of contractors
  • No geographical restrictions for participation in any auction of any Division
  • All assets will be fed in the system for better monitoring and ensuring issuing contracts in advance – reduce asset idling
  • Auction catalogues with all details of the assets will be published online on IREPS portal, minimum 15 days in advance
    Benefits 
    • Online mode makes potential bidders from distant location across country to participate in the bidding process.
    • Online payment to Railways post award of contract. Till now provision of daily manual payment in parcel leasing contract is there, which is a tedious process. Now it is made online.
    • Better Monitoring: After mapping, portal prompts when an earning contract of a particular asset is nearing completion and compels to start fresh auction, thus making idle time of the asset minimal.
    • Standardization of eligibility conditions pan-India.

    Source- PIB 

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