Palakkad Division of Southern Railway Opts For E-Auction of Commercial Contracts: Here Are The Benefits

Palakkad division of Southern Railway has opted for e-auction, instead of e-tendering, for commercial contracts, including managing parcel service vans on select trains, managing parking area and Out-of-Home advertisement in major stations. Advantages of e-auction include pan-India participation by registered bidders. Once registered in Indian Railways E-procurement System (IREPS), a bidder may participate in any of the e-auctions for commercial contracts across Indian Railways. E-auction enables quick finalisation and the possibility of quick re-awarding of contract in case of some failure. It ensures transparency in finalising the contract as the transaction would have minimal human intervention. Contract could be signed within five days of the e-auction.

E-auction would be conducted to lease out parcel vans of selected trains on July 18. They include Train No. 12620 Mangalore Central – Lokmanya Tilak Matsyagandha Express; Train No. 12686 Mangalore Central – Chennai Central Superfast Express; Train No. 12602 Mangalore Central – MGR Chennai Central Mail; Train No. 16348 Mangalore Central – Thiruvananthapuram Central Express; Train No. 16528 Kannur – Yesvantpur Express and Train No. 22609 Mangalore Central – Coimbatore Junction Intercity-Express.