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MACHINERY & PLANT PROGRAMME. NIRUPMA KUMAR PROF. (FINANCE & INVESTMENT). MACHINERY & PLANT PROGRAMME PROCEDURE. The M&P programme is prepared for ensuing year in the current year, M&P 2000-2003 already finalised.
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MACHINERY & PLANT PROGRAMME NIRUPMA KUMAR PROF. (FINANCE & INVESTMENT)
MACHINERY & PLANT PROGRAMME PROCEDURE • The M&P programme is prepared for ensuing year in the current year, M&P 2000-2003 already finalised. • The preliminary M&P programme for next year i.e. 2003-2004 should now be initiated and sent to Board by 30.10.2002.
GUIDELINES • A proposal with abstract cost of the M&P, allocation and justification to be sent to Finance after administrative approval of PHOD, consolidated by CME’s office. • Proposals on additional account to be accompanied with rate of return, otherwise summarily rejected.
GUIDELINES (contd….) • Estimated cost of machines to be based on realistic costs and should also include costs of essential accessories. • Present day costs can be extracted from compendium issued by COFMOW circulated to all Rlys. & PUs. • Wherever applicable, COFMOW specification number, type and capacity of machine should be mentioned.
GUIDELINES (contd….) • Estimate of M&P should bear provision for charges such as freight, insurance, installation and commissioning, D&G charges and custom duty wherever applicable. Proposals not accompanied by such an estimate shall be rejected. • Replacement of machines to be done keeping in mind advancements in machine technology, possibility of acquiring one or two machines to replace a larger set.
GUIDELINES (contd….) • Current and future work load • Material handling facilities like mechanised handling of heavy items • Cleaning equipments for sub assemblies like traction motors, roller bearings should indicate savings. • Maintaining higher safety standards
POWERS OF GM • GM can sanction on out of turn basis upto Rs.10 lakhs which lapses after 2 years, requiring fresh review. • Separate account for M&P items procured under GM’s power and total funds utilised under plan head 41 should be advised to Board. • Due to limited availability of funds under capital, proposals on additional account to be limited to 20% of total ceiling limit.
