Railway Accounts Department Examinations

Tuesday, December 30, 2025

Types of Contracts - Works, Services & Stores - Definitions & Differences



Tenders & Contracts: Differences between Services, Works & Stores


Services → Skill or expertise hired - Any subject matter of procurement otherthan Goods or Works   - Skill


Works → Construction or execution as per drawings - The work contemplated for delivery of services as per drawings & schedules set forth in the Bid forms & required to be executed according to the specifications. - Structure


Goods / Stores → Physical items purchased and ownership transferred - Contract for sale of goods is a Contract whereby the seller transfers or agrees to transfer teh property in goods to the buyer for a price. - Supply


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