INTRODUCTION:-
Stores Department of WAT Division is arranging supply of Materials /items by most efficient economical and expeditious manner to various Branches of this Division against their demands approved by the Competent Authority. The same is accomplished by the 5R Essential Principles, to maintain un-interrupted supply, receipt from reliable sources and quality materials in time to the user at minimum cost.
PURCHASE POLICY:-
1. The purchase is governed by IRS Conditions of Contract, Supply and General Condition of Contract and other contract Act/Rules/General Law as applicable from time to time and complying with directive issued by Stores Directorate for Entering into Supply Contract & Stores codes Volume (I) & (II).
2. In order to ensure Transparency, Stores department resorts to e-procurement system of calling for Comparative Bids by Limited Tenders (LT), Bulletin Tenders (BT), Single Tender (ST) depends upon the nature of goods, criticality, estimated value, Quantity, source of supply, scope of works and other features. POs are being placed directly for items covered under DGS&D Rate contracts. Emergency Purchase (Local Cash Purchase) is normally restored to, for urgent / emergency requirement to ensure smooth Train Operation, Safety items, for items of Low Value, readily available in Market, personal inspection / selection is required etc. For value upto Rs. 1 Lakh for each case.
MONETARY LIMIT OF PURCHASE:-
Stores Department of the Division will arrange for procurement of Urgent Stock Items to tide over the Emergency / Criticality and all Non-Stock items whose estimated value is below prescribed limit for each case.
During this Financial year, the procurement of all non-stock items upto the monitory limit as follows:-
| Sr.DMM Direct acceptance for stock items / Non Stock | Rs. 50 Lakh |
| Sr. DMM TC acceptance for Non stock items | Above Rs.1 Crore and up to Rs. 5 Crores. Accepting authority: ADRM/ CWM. |
