Welcome to Raviraj Construction Co.

Finance

The firm’s business requires good amount of funds for machineries/equipments and working capital, souring its fund requirements from own funds as well as borrowing from banks. Since infrastructure projects are given national priority, borrowings on such projects are possible at better interest/commission rates.

Procurement System

The firm has an adequate system of internal control to achieve efficiency in operations, protection of its assets and a system to provide MIS (Modern Information Technology System) to the management. It is using MIS to support its business processes. The system is regularly evaluated for further improvement. The firm is managing its operations at optimum level and has process control to manage the procurement and mobilization of its material.

Order book Position

The Government’s thrust on Infrastructure has attracted huge investments by both public and private sectors. This has improved the turnover and profitability of most of the engineering and construction companies. The order book position of these companies has shot up their turnover multiple times. Ridding on this boom, Firm has also received contracts / likely to be received contracts worth Rs. 200.00 Lacks.

CAPABILITIES

Contract Procurement

  • All the projects undertaken by the firm are from the reputed private sector undertakings / corporation which essentially require business to be procured in response to tenders. The major steps in procuring a contract are as under.
  • Invitation to Contractors to Pre Qualify.
  • Pre Qualification of Contractors.
  • Issue of Tender (BID) documents to pre qualifies contractors.
  • Receipts of tenders & opening of tenders in the presence of Contractors.
  • Evaluation of Tenders.
  • Pre Qualification of Contractors involves evaluation of contractor on parameters like financial, average annual turnover, Technical, Personnel Organization, Plant and Equipments, Experience in similar works and satisfactory and timely completion of contracts. It involves valuation of tenderd also with all terms & conditions
  • Normally, the award is given to the lowest bidder.
  • The firm satisfies all the evaluation parameters of pre qualification and as such always has a competitive edge over other contractors.