Achievements and Awards
Achievements and Awards
Achievements and Awards
R&D DEPARTMENT
TENDERING
The customer releases the tender in all forms of mass media. [here is a
certain amount of time given for all the participants to indicate their
participation along with their quotations. Among these participants it is
checked whether they have the technical capabilities to manufacture the
product. Others are rejected. The second fact taken into consideration is
whether they can deliver the product within the stipulated time. This is
negotiable top some extent. The final consideration is the price. The lowest
bidder gets the contract. Failure to deliver the product will attract liquidity
damages. For the metro the tendering process is similar, but it is done
through ICB (international competitive bidding).
The payment can be made either by stage payment (payment given after
every stage of manufacturing) or after the complete product is
manufactured (10% is given after commissioning of the product). In 2012
the railway division generated 1375 crores of revenue and 37 crores of
profit. The profit made is used to pay the dividends of shareholders.