Commercial Earning Contracts – NFR Non-Fare Revenue –
E Auction & Asset Management
M.Nageswara Rao 9492432160
Source: Railway Board Letter No. 2022/TC(FM)/10/04 dated 11.04.2022
Pilot Project – 13 Divisions in IR
Introduced E Auction instead of Tendering system
Tender Committee not required
Asset creation by Asset holder
Auction catalogues – Published on IREPS in public domain
Eligibility criteria is Financial Turnover (Self declaration & documents uploaded by bidders)
Bidders’ identity masked. Only H1 rate will be visible.
Auto decision – On the spot award to H1, if rate is equal to or more than RP.
Minimum Notice period – 12 days
Standard Conditions of Contract issued by Railway Board.
Financial Turn Over:
Eligibility criteria for Commercial Earning Contracts through E Auction.
Verification of Turn Over Certificates – done after awarding Contract to H1
Self-Declaration plus Documents uploaded by the Bidders
Every 2 minutes
If any fresh bid received within last 2 minutes
Maximum – 10 times
RP Reserve Price:
Fixed by ACO – Auction Conducting Officer
Not to be disclosed to the Bidders.
Vetting not required.
EMD / SD
Instant deduction of 5 % of EMD of H1.
No blockage of EMD of other Bidders
Forfeiture of EMD in case of wrong declaration of Financial Turnover.
ACO – Auction Conducting Officer
JAG or Sr. Scale (Independent charge), if JAG is not available.
For encryption of RP – Reserve Price
RP fixed by ACO and to be kept confidential
Bidders pre requisites
DSC – Digital Signing Certificate
One time registration in IREPS
Online payment of Rs.10000 towards one time registration
Having Current Bank Account in SBI – State Bank of India
Lien marking funds – for EMD
Updating Financial Turnover details in IREPS
Prevention of Assets idling
Removal of entry barriers
Reduction in cycle time for placement of Contracts
Elimination of pilferages in payments
Unique code for each Asset to prevent duplication
Linkage of Asset code ID with Auction lots
System generated Bid Sheet and Contract
Contract can be placed within 15 days from the awarding the Contract.
Examples of Commercial Assets to be auctioned:
Parcel category - SLR Compartments, Parcel Vans
Parking category – Premium, Radio Taxi, Access Controlled, Two-wheeler, Four-wheeler and Mixed
Advertising - Out of Home.