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NMDC releases Standard Bidding Document for Turnkey Works

Hyderabad :15/12/22:  NMDC releases Standard Bidding Document for Turnkey Works today at its Head Office in Hyderabad. The mining major has ambitious and capital-intensive Projects lined up and this Standard Bidding Document will ensure greater efficiency in awarding, executing and monitoring contracts.

NMDC has reviewed its existing Standard Bidding Document and updated it with best practices adopted across the industry. The Standard Bidding Document makes Project Management and Monitoring, Scheduling of Work, Price Evaluation, Payment Advice, Flagging of Issues and Dispute Resolution simpler and easier, thereby enhancing ease of doing business with NMDC.

The CPSE has prepared a comprehensive and all-encompassing document that would serve as a model for all its turnkey projects. Enabling geo-tagging of milestones, this initiative will boost the digital environment at NMDC.

Commenting on the release, Shri Sumit Deb, CMD, NMDC said that the Standard Bidding Document will help NMDC retain and comply with 4 axioms of Public Procurement – Transparency, Equity, Fairness, and Competitiveness. With this kind of document in place, NMDC will become a global entity that the world will aspire to work with.

The initiative to release the Standard Bidding Document comes at a crucial business point for NMDC. It will reduce the preparation time of tender documents and enhance confidence and comfort levels of the bidder, said Shri Dilip Kumar Mohanty, Director (Production), NMDC.

Speaking about the document, Shri Somnath Nandi, Director (Technical) said that  the Standard Bidding Document will ease our exercise for tenders and contracts and also improve efficiency and decision- making process in the organization. This approach will reduce time in awarding contracts and is to be followed judiciously.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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