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BHELSIA to insist on price variation clause to undertake works for railways
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BHEL Small Industries Association (BHELSIA), which is exploring scope for fabricating components for products manufactured by the railways, will emphasise on a long-term price variation clause as a pre-requisite to building a sustained partnership with the coubtry’s largest public sector undertaking.
Due to BHEL’s policy to do away with the clause, ancillary units face a huge setback after the cost of steel increased by nearly 40%.
BHELSIA’s position is that the Golden Railway Workshop and the Integral Coach Factory should deviate from L1 tender system where the lowest quotation is prioritised.