Monday, July 24, 2017

Right Pricing Strategy To Earn The Tender

Prісіng of tеndеrs іѕ very crucial tо thе ѕuссеѕѕ оf the tendering process. It is one оf the major criteria fоr сhооѕіng a ѕuррlіеr whіlе еvаluаtіng tеndеrs. As a result оf thіѕ, іt is еѕѕеntіаl tо bе аblе to wоrk оut thе tеndеr price еffесtіvеlу. Aѕ ѕіmрlе аѕ рrісіng may ѕоund, thеrе is nо сlеаr cut аnѕwеr to іt bесаuѕе ultimately, аll tenders are dіffеrеnt. Dереndіng оn the nаturе of the services оr goods to рrоvіdе, thе tenders wіll have a varying ѕtruсturе of рrісіng thеm. Tо gеt thе best оf thіѕ thоugh, there are a fеw thіngѕ tо kеер іn mind when саlсulаtіng the рrісе for уоur tеndеr. Thеу are highlighted bеlоw.



Prісіng іѕ very іmроrtаnt
In оrdеr tо ѕtаnd a chance tо wіn the bіd, you nееd tо ensure thаt thе рrісе оf your gооdѕ оr service іѕ аѕ lоw аѕ possible аnd comfortable fоr уоu. Yоu ѕhоuldn’t drаg thе рrісе tоо lоw tо hаrm your buѕіnеѕѕ. Juѕt lоw еnоugh tо bеаt the соmреtіtіоn аnd mаkе a reasonable рrоfіt.

Alѕо, рrісіng can change very quickly. It соuld be аѕ a rеѕult оf іnсrеаѕе іn price оr fuеl оr fluсtuаtіоn of exchange rate. Hence, mаkе іt a рrасtісе to аlwауѕ confirm prices changes of gооdѕ frоm your ѕuррlіеrѕ so уоu can keep trасk оf the сhаngеѕ.

Anоthеr аltеrаtіоn to рrісіng is уоur lосаtіоn. Sоmе соmmunіtіеѕ аnd іnduѕtrіеѕ have ѕресіfіс rulеѕ that can аffесt your tеndеr price. Be aware оf thеm аnd рut іntо consideration whіlе рrісіng if уоu happen tо find уоurѕеlf іn ѕuсh situations.

Bе dіrесt аnd рrесіѕе
A lіttlе dіffеrеnсе еvеn in the model number can cost уоu thе project. If you supply a раrtісulаr рrоduсt, thеn еnѕurе thаt it іѕ nоt stated otherwise іn thе tender. Such differences can lеаd tо thе loss оf a hugе аmоunt оf money depending on thе tеndеr ѕіzе.

Addіtіоnаl costs
Alwауѕ еnѕurе thаt уоu соnѕіdеr all роѕѕіblе іnсurаblе соѕtѕ whіlе dеlіvеrіng thе рrоduсt. Gо оvеr your pricing again аnd again. Yоu don’t wаnt tо mіѕѕ оut аnуthіng аnd еvеntuаllу hаve tо mаkе uр fоr it. It саn be a hаrd blоw tо your buѕіnеѕѕ.

Tаxеѕ are to bе considered too, especially when іt соmеѕ tо gоvеrnmеnt tеndеrѕ. Most tеndеrѕ usually involve thе VAT (Vаluе Addеd Tаx) and уоu should аdd thеm before fіnаlіzіng уоur рrісе. Mаkе ѕurе thаt аll fоrmѕ оf taxes whісh аrе аррlісаblе tо thе рrоjесt аrе іnсludеd in thе pricing. Alѕо fоr gоvеrnmеnt tеndеrѕ, mоnеу is part оf сrіtеrіа that еаrnѕ you роіnt, whісh mеаnѕ the lowest bidder gets thе hіghеѕt роіnt іn thаt аѕресt.

Nеvеr bіd too hіgh оr tоо lоw
In еѕѕеnсе, nеvеr bіd tоо hіgh or tоо lоw. The соmmіttееѕ thаt are in charge of еvаluаtіоn are аlwауѕ іnfоrmеd оf thе mаrkеt сhаngеѕ аnd рrісіng, so іt wіll dо you no gооd tо bid tоо hіgh or tоо lоw. Bіddіng tоо high оr too lоw mіght get уоur tender dіѕԛuаlіfіеd оr rendered nоn-rеѕроnѕіvе.

All tеndеr dосumеntѕ wіll try tо mеntіоn thаt іt іѕn’t the lоwеѕt bіd that nесеѕѕаrіlу wіnѕ thе tеndеr аnd thаt there are ѕоmе оthеr fасtоrѕ thаt іnfluеnсе thе final decision. As muсh as thіѕ is truе, you саn bе sure thаt pricing іѕ аѕ іmроrtаnt аѕ аnу оthеr factor thеrе is, іf not thе mоѕt important. Sо рrісе well and tender ѕuссеѕѕfullу!

Monday, July 3, 2017

Fresh Investment increased by 32 percent in Q1 FY18





The first quarter of FY18 saw announcement of 1,926 new projects entailing a total investment of Rs 2,90,426 crore (approx USD 45 billion). This indicates a growth of 32 percent on Q-o-Q basis.
Fresh investment from the public sector shot up by 50 percent and that of the private sector increased by six percent. Sector-wise, barring the Electricity sector, all other major sectors recorded a positive growth on Q-o-Q basis. The last quarter of FY17 had seen fall in fresh investment across all major sectors.

In all, 44 mega projects with investment of Rs 1,000 crore or more were announced in the first quarter of FY18. Public sector and private sector owned 22 projects each.

The first quarter saw a sharp increase in projects being stalled. In all, 226 projects worth Rs 1,80,262 crore were put on the back burner. These include a couple of mega steel projects, owned by those companies which were identified by RBI as large scale defaulters. Lenders were instructed to pursue bankruptcy proceedings.

Monday, March 18, 2013

Railways Projects Major Developments done in the Month of February 2013


The Cabinet Committee on Economic Affairs (CCEA) approved laying of Patna-Gaya-Dobhi section in Bihar with Japan International Cooperation Agency (JICA) - ODA Loan Assistance. The CCEA approved implementation of four laning of Patna-Gaya-Dobhi section on NH-83 in Bihar. The 127.20 km project is estimated to cost Rs 2,015.60 crore which includes cost of civil construction, supervision works, land acquisition, rehabilitation and pre-construction activities. The project will be completed within three years after signing of the contract agreement. The Japanese Government will likely to fund the same through JICA loan, as the project will connect Patna-Gaya-Dobhi as a part of the Buddhist Circuit.

The Central Government has decided to accord immediate approval to the Pune metro project and make subsequent allocation of funds in the budget. The Pune Municipal Corporation (PMC) has also been asked to set up an SPV for executing the metro project and to work with the Pimpri Chinchwad Municipal Corporation (PCMC). Work on the project is likely to start by July 2013. Once the budgetary provision is made, the state and the PMC will contribute their share in the project. It was also stressed that a deadline be set for completion of the project. The PMC has also been told to prepare a DPR on a mono rail project. There are plans for integration of metro, mono rail and BRTS project in the city.

The Delhi Metro Rail Corporation (DMRC) is planning to develop a subway just before the Dabri Mor circle on the left side of Pankha Road. The DMRC will construct an underground subway across the busy Pankha road in West Delhi to connect its Dabri Mor Metro station on the upcoming Janakpuri West - Botanical Garden corridor with the localities on the other side of the road. This subway will be about 75 mtrs long and will have a breadth of seven mtrs with height of about 3.5 mtrs. It will connect the station with localities such as Sitapuri, Dabri Mor Police Station and Sagarpur on the other side of Pankha Road. Meanwhile, DMRC has finally decided to implement the Kochi Metro Rail project in Kerala. The Rs 5,100 crore project will be implemented with E. Sreedharan as its chief consultant. The DMRC will be working on cost-plus basis (cost plus mutually agreed fee) and it will also assist KMRL in building up its organisational capacity for executing metro works and effectively undertaking operation and maintenance. The detailed agreement will be signed between KMRL and DMRC incorporating mutually agreed clauses for ensuring accountability of DMRC in terms of quality, safety and performance as well as KMRL’s technical and financial oversight over execution at all stages of the project.

The Haryana Government will sign an agreement with Delhi Metro Rail Corporation (DMRC) soon for extension of Delhi Metro from Mundka to Bahadurgarh in Haryana. The project is expected to cost Rs 1,991 crore, of which Haryana Government’s share will be Rs 787.96 crore. The extension of the Delhi Metro has already been received approval form the state cabinet in July 2012. After signing the agreement the companies will enable the Delhi Metro to start construction of the project till Bahadurgarh in Jhajjar district of Haryana.

L&T Metro has raised funds to bring the intra-city rail networking project at Hyderabad back on track. The project was delayed by close to two years. The company has raised Rs 500 crore as a short-term debt recently, while it has already pumped in around Rs 600 crore so far in the project. The company has raised the funds from Yes Bank as a bridge loan. Of which it had already taken Rs 300 crore. This is beyond financial closure which the company has achieved with a consortium of banks. Soon, the company will finalise orders for automatic fare collection system and elevators as technical negotiations are already done. The three rail lines project is expected to be commissioned in 2018.

L&T Metro Rail Hyderabad has commenced construction of its first metro station at Uppal in Hyderabad. The station is expected to be completed by December 2013. Work on pillars and erection of girder will go simultaneously on various stretches of the metro rail is going on. The company will construct 66 stations on a single pillar with 140 mtrs of length and 20 mtrs of width. This includes 27 stations on Corridor I from L B Nagar to Miyapur, 16 on Corridor II from JBS to Falaknuma and 23 on Corridor III from Nagole to Shilparamam. The first level will have ticket counters, the second will have platforms. All stations will be provided with staircases, escalators and lifts.

Work on the monorail network in Delhi is expected to start in the next couple of months. The DPR has been reviewed and approved by the DMRC which will implement the 11-km corridor in east Delhi. The monorail corridor from Shastri Park Metro Station to Trilokpuri will have 12 stations and three inter-change points at Shastri Park, Nirman Vihar and Trilokpuri thereby providing connectivity with the existing Dilshad Garden-Rithala line, Anand Vihar-Dwarka and the proposed Mukundpur-Yamuna Vihar under Phase-III of Metro. The project which is estimated to cost Rs 2,235 crore is expected to be commissioned in 2017. The 12 stations on the line include Shastri Park, Kailash Nagar, Gandhi Nagar, Taj Enclave, Geeta Colony, Guru Angad Nagar, Scope Tower, Ganesh Nagar, Mother Dairy, Patparganj, Kotla and Trilokpuri.

Companies like L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra and CAF South Africa are in race for developing elevated rail corridor in Mumbai from Churchgate to Virar. The 60-km stretch of Mumbai elevated rail corridor, from Oval Maidan/Churchgate to Virar is estimated to cost Rs 21,147 crore. The PPP project will also be a test project for the Railways. The corridor will include underground (18 km), elevated (33.5 km) and at-grade tracks (8.7 km) with 27 stations and a maintenance depot. The successful bidder will build the line, operate it and do fare fixation and collection, while the Railways and the state government will provide the land. The Railways are expected to close the first round by end-March 2013, when the bidders will submit Requests for Qualification (RFQs).

Orissa Government has envisioned a futuristic plan for setting up a monorail transit system in the twin cities of Cuttack and Bhubaneswar. The proposal to set up the facility has already been given by Engineering Projects India. The construction of monorail facility will come up with an investment of Rs 150 crore per km. The Housing and Urban Development Department will conduct a pre-feasibility study of the proposed project. The department has also been asked to work out the viability of the projects, running expenditure per km.

Sunday, January 20, 2013

In collaboration of LinkedIn Group exclusively launched A new website RailTalent.com

railtalent.com
RailTalent

LinkedIn Group exclusively launched A new website RailTalent.com a Free Rail job site & portal for the Rail Industry.

The special features of this site are:

- ONE-CLICK APPLY to Jobs with your LinkedIn Profile (or Online Resume / CV attachment).
- SHARE any Job instantly with multiple LinkedIn groups
- POST unlimited Jobs for FREE
- FIND OUT about all the latest Upcoming Rail Events & News from Around the World
- And much more feature is available

This will eventually create a full Rail Community Portal where visitor would get the latest rail jobs, events and news but where the viewer also hold rail discussions ask technical questions, learn from industry experts, view rail prod casts, search rail service providers, bid for new projects etc.

Note:

RailTalent.com is a website and platform for rail jobs and NOT a Rail recruitment agency (or in any way affiliated with LinkedIn), therefore please DO NOT EMAIL YOUR CVs, but instead register as a job seeker on RailTalent.com.

Friday, January 4, 2013

The Chhattisgarh Government has signed an MoU with IRCON and South Eastern Coalfields for construction of about 300 km of rail network. The MoU envisages the development two rail corridors in the state. The rail corridors project will be implemented in JV model in which IRCON, a subsidiary of Railways, will hold 26 per cent equity and the balance will be held by the state government and SECL. The project — East Corridor and East-West Corridor — will come up at an estimated cost of Rs 4,000 crore. While East Corridor will be about 180 km from Bhupdevpur—Gharghoda—Dharamjaygarh up to Korba, the 112-km long East-West Corridor will be from Gevra Road to Pendra Road.

L&T Hyderabad Metro Rail is planning to take up transit-oriented real estate development in a phased manner. The SPV will take up development of 18.5 million sq ft. It has completed a feasibility study of the real estate component along the proposed 72-km rail network. The company is implementing Rs. 16,500-crore elevated metro rail project across three corridors in Hyderabad and Secunderabad. The state government has decided to allot 269 acre for the metro project, including two land parcels of about 100 acre at the terminal points.

Sonia Gandhi, Congress President on 7 November 2012 flagged off the first set of coaches from the modern rail coach manufacturing factory at Rae Bareli in Uttar Pradesh. Foundation stone for the Rs 1,685-crore for the Railway Coach Factory (RCF) was laid in January 2009. The Railways had acquired 541 ha for the factory, of which 283 ha belonged to private land owners. Once fully functional, 1,000 coaches are expected to be rolled out annually. These coaches would have higher carrying capacity and provides more comfort to passenger. Apart from resistance to corrosion, the coaches will be equipped with modular fittings, microprocessor controlled air-conditioning and environment-friendly controlled discharge toilet system.

Tuesday, December 18, 2012

Kochi Metro Rail requires additional land

Image source: KOMET
Kochi Metro Rail requires a total of 40.409 ha, including parking space for the proposed metro rail project in Kochi, Kerala. The stations of Kalamassery, Edappally and Kaloor other than two terminal stations, namely Aluva and Petta (Thripunithura) stations will get the additional land.  The total land required for all the 22 stations is 9.3941 ha, including minimum parking in 21 stations. For the additional parking 2.7869 ha will be used. The depot at Muttom meant for maintenance and repairing of rolling stock requires 23.605 ha.

Monday, December 10, 2012

DFCCIL has signed a loan agreement with JICA for its western corridor

Dedicated Freight Corridor Corporation of India (DFCCIL) has signed a loan agreement with Japan International Cooperation Agency (JICA) for its western corridor. The pact was signed for the project appraisal for the two routes comprising Vadodara to Jawaharlal Nehru Port (JNPT) and Rewari to Dadri in the Western Dedicated Freight Corridor. The proposed funding is under Special Terms of Economic Participation (STEP) between Japan and India. The value of the proposed loan is JPY 295 billion (approx Rs.20,000 crore), which is a soft loan with the repayment period of 40 years. The Western DFC of 1,499 km will be from JNPT in Mumbai to Tughlakbad and Dadri near Delhi and cater to the container transport requirement between the existing and emerging ports in western India and northern hinterland. As far as land acquisition for the Western DFC is concerned, out of total 3,608 ha required in Phase I, 3,186 ha has been acquired. For the Phase II, out of total 2,252 ha required, 1,041 ha have been acquired. Remaining land is expected to be acquired during the current financial year FY13. The Japan Government will offer loan for the Phase II of Dedicated Freight Corridor and an infrastructure project in South India.


The Indian Railways will now take control of the East-West Metro Corridor project in Kolkata. The Railways will own 74 per cent stake in the project, while the Urban Development Ministry will hold the remaining 26 per cent. With this, the West Bengal Government will exit the project. The proposal of initiating the share transfer from the state government to the Railways has already been approved by the Cabinet. Earlier, the corporation was equally owned by the Urban Development Ministry and state government. The Rs.4,874-crore project is already running one year behind its completion schedule of 2014-15. The metro corridor will connect the IT city Salt Lake with the western fringes. Kolkata Metro Rail Corporation (KMRC), a JV company formed by the Urban Development Ministry and West Bengal Government, was in charge of executing the project. This apart, Indian Railways is all set to begin work on the Dedicated Freight Corridor (DFC) project connecting Punjab with West Bengal and UP with Maharashtra. The Rs.80,000-crore Dedicated Freight Corridor (DFC) project will come into two phases. In Phase I, DFCCIL will be constructing two corridors — the Western DFC and Eastern DFC — spanning a total length of about 3,300 km. The Eastern Corridor, starting from Ludhiana in Punjab, will pass through the states of Haryana, Uttar Pradesh, Bihar and terminate at Dankuni in West Bengal. The Western Corridor will traverse the distance from Dadri to Mumbai, passing through the states of Delhi, Haryana, Rajasthan, Gujarat and Maharashtra. Around 80 per cent of the land required for the project has been acquired. Soon, tenders for laying of the first 1,000 km of tracks (worth around Rs. 10,000 crore) of the 3,300 km project would be awarded in FY13. The deadline for the project is 2016-17.