SKOCH Award Nominee
Category: Other – Miniratna
Sub-Category: subOther – Miniratna
Project: Transformational Performance during Covid
Start Date: 2020-03-19
Organisation: Rail Vikas Nigam Limited
Respondent: Mr Rajesh Prasad, Director, Operations, Rail Vikas Nigam Limited
Level: Club Plus
Transformational Performance during Covid
During the lockdown, both workers and contractors faced many challenges. The workers started to get back home because of health, safety and financial issues. The contractor had liquidity issues, they were not able to pay the workers because of a liquidity crunch. RVNL undertook several multi-pronged approaches prioritizing challenges faced by workers and contractors. It enables ease of business for contractors through direct payment methods and liberalizes the schemes for financial relief and deferred payment relief to address liquidity crunches.
Due to lockdown, migrant workers moved back to their native place, resulting in contractors facing a scarcity of labour, especially skilled labour. At the same time, contractors also faced a liquidity crisis, they did not have the cash to pay their workers.
To solve this issue, RVNL Mechanized Working and co-ordinated approaches. Food distribution and expedited vaccination drives started at construction sites. To address the cash flow problems of contractors, provisional passing of bills were permitted. Stage payment conditions have been reviewed and revised on supply items.
Because of these initiatives, the labour shortage problem has been solved and contractors get relief from the liquidity crunch crisis.
The major challenge was to finalize the contract and arrange the supply chain of material through centralized inventory management and supply to sites expeditiously.
E-Sampark mobile app launched for employee welfare and I-modules introduced for expeditious procedural action.
RVNL plan can be implemented pan-India through Project Implementation Units
For more information, please contact:
Mr Rajesh Prasad, Director, Operations, Rail Vikas Nigam Limited at email@example.com
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