Sl No. Executive Finance Appreciation Remarks QUANTITY JUSTIFICATION 1.1. 1. Existing Work load. Additional 2. Nos. Of Items required as per Workload vis-a-vis yardstick. Account 3. Nos. Of Items available on hand. 4. Balance required & Qty now proposed for. 5. Reason for variation between Actual Qty required & Qty proposed for (if any) 1.2. 1. Codal Life. Replacement 2. Year of Procurement. Account 3. Whether beyond economical repair? 4. Whether beyond economical reconditioning? 5. Status of Condemnation. 6. Requirement as per yardstick vis-a-vis Workload. 7. Availability. 8. Actual Qty required and Qty proposed for. 9. Reason for variation between Actual qty required & Qty proposed for (if any). 10. Credit value shown against condemned item. 1.3. 1. Rly. Bd/Competent Authority’s Norms for provision of spare. Capital Spare 2. Total population. 3. Qty of spares against total population as per Norms. 4. Spares in hand. 5. Actual Qty required and Qty proposed for. 6. Variation between Actual Qty & Qty proposed for. 7. Procurement of spares, if any, in last 5years. 8. If the spares are on replacement account information under item 1.2 to be furnished. 2.0. Whether work has been correctly allocated? Allocation 3.0. 1. Basis of cost estimate (Current Budgetary Cost Estimate Quotation/LAR/etc.) 2. Amount of price escalation considered over above cost basis. 3. Reason for consideration of overhead charges like D&G, Contingency for items of procurement. 4.0. Whether PHOD/CHOD’s approval obtained for inclusion in RSP? PHOD/CHOD’s approval 5.0 For the item introduced first time, Railway Board’s For new item authority for implementation of such new item should be enclosed 6.0. 1. Typical 2. Finance 3. observations SCRUTINY OF DETAILED ESTIMATES (Sample)
Sl No. Finance Appreciation QUANTITY JUSTIFICATION Executive Remarks 1.1. Additional Account 1. Existing Work load. 2. Nos. Of Items required as per Workload vis-a-vis yardstick. 3. Nos. Of Items available on hand. 4. Balance required & Qty now proposed for. 5. Reason for variation between Actual Qty required & Qty proposed for (if any) 1.2. Replacement Account 1. Codal Life. 2. Year of Procurement. 3. Whether beyond economical repair? 4. Whether beyond economical reconditioning? 5. Status of Condemnation. 6. Requirement as per yardstick vis-a-vis Workload. 7. Availability. 8. Actual Qty required and Qty proposed for. 9. Reason for variation between Actual qty required & Qty proposed for (if any). 10. Credit value shown against condemned item. 1.3. Capital Spare 1. Rly. Bd/Competent Authority’s Norms for provision of spare. 2. Total population. 3. Qty of spares against total population as per Norms. 4. Spares in hand. 5. Actual Qty required and Qty proposed for. 6. Variation between Actual Qty & Qty proposed for. 7. Procurement of spares, if any, in last 5years. 8. If the spares are on replacement account information under item 1.2 to be furnished. 2.0. Allocation Whether work has been correctly allocated? 3.0. Cost Estimate 1. Basis of cost estimate (Current Budgetary Quotation/LAR/etc.) 2. Amount of price escalation considered over above cost basis. 3. Reason for consideration of overhead charges like D&G, Contingency for items of procurement. 4.0. PHOD/CHOD’s approval Whether PHOD/CHOD’s approval obtained for inclusion in RSP? 5.0 For new item For the item introduced first time, Railway Board’s authority for implementation of such new item should be enclosed 6.0. Typical Finance observations 1. 2. 3. SCRUTINY OF DETAILED ESTIMATES (Sample)