The Commercial Branch of Hubballi Division of South Western Railway has switched over to E- Auctioning of Commercial Earning Contracts and Non-fare Revenue with effect from 15th July 2022. Earlier, contracts of Commercial Earning & Non-fare revenue were awarded through e-tendering. The e-tendering required physical registration with the concerned field unit. It was taking time in finalization due to requirement of physical meeting of tender committee members.
In e-auction, interested bidders located anywhere in India can participate by logging on to www.ireps.gov.in. The bidders need to self-register once for participating in auctions of any field unit of Indian Railways through the portal. For registering in IREPS, the bidder should possess DSC (Digital Signature), has to pay Rs. 10,000 towards one time registration fee, possess a Current Account with State Bank of India and has to link IREPS profile with the current account.
Remotely bid can be placed for management rights of an asset after depositing earnest money (EMD) electronically. Successful bidder would be able to receive acceptance online and through e-mail in very short span of time. There is no financial turnover requirement for annual contracts upto Rs. 40 lakhs. This will help in startups and small entrepreneurs also to participate in the bid.
The Hubballi Division received good response from the bidders for the e-auction held on 15th July, 2022. E-auction was held for Two Wheeler Premium Parking at main entry and combined parking at 2nd Entry of SSS Hubballi railway station on 15.07.2022 and for Out of Home Advertisement at Ballari Railway Station on 22.07.2022 and contract was awarded to successful bidders.
- Advertisement -
Awarding of contracts for parking spaces at Belagavi, Hosapete, Gangavathi and Combined Parking Space opposite to Reservation office of SSS Hubballi station will be held through e-auction on 4th August. Further, contract for Pay & Use Toilets, Waiting Hall Management at various stations are also scheduled on 4th August.