NMDC’s workshop on contracts and arbitration concludes successfully

Hyderabad: The two day workshop on Contracts & Arbitration organized by NMDC witnessed interactive sessions, experience sharing with the participants by the faculty to clear doubts pertaining to tendering and execution of contracts and arbitrations.
The workshop was inaugurated by Central Vigilance Commissioner, Govt. of India, Shri Sharad Kumar in the presence of Shri N. Baijendra Kumar, IAS, CMD, NMDC and Directors of NMDC and CVO, NMDC.

The workshop was attended by more than 100 participants from PSEs like BDL, ECIL, MIDHANI and NMDC and the workshop was facilitated by experts Shri K. Rama Subramania Pillai, FA & CAO (Rtd.), Southern Railway, Shri E.R. Sreekumar, Executive Director (Rtd.), NMDC and Shri A. Preetam Kumar, General Manager (Rtd.), Materials Management, NMDC.

The Chief Guest of the valedictory function, Shri Alok Kumar Mehta, Director (Commercial), NMDC said that the key to avoid arbitrations is to have well defined tender clauses with enormous clarity and by improving the documentation level.

Shri V.V.S. Sreenivas, CVO, NMDC summed up that this workshop would certainly equip the professionals dealing with contracts to take efficient decisions and guide them with the basic Do’s and Don’ts while awarding & executing contracts.
Participants in their feedback said the workshop was an eye opener and the sessions wee meticulously crafted.