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.
The eligibility criteria has been relaxed with no previous turnover need to be mentioned for contracts worth up to ₹40 lakh; ₹20 lakh turnover for contracts amounting to ₹1 crore, and ₹50 lakh turnover for contracts amounting to over ₹1 crore.
