It doesn't matter whether the bid is highest or lowest, if accountability is set for leaders, contractors and bureaucrate, then no one will make bad quality project.
@@ajinkyakale830 Suppose if a road has been constructed and it is meant to sustain 15-20 years then following thing could be done: People who pays tax at toll should be asked to give their reviews on app meant to pay tax and based on review(6 month or yearly basis), a formula could be deviced and as per that formula, salary deduction of leaders, bureaucrate and penalty to contractors should be mandated.
@@rishavbarnwal7155 That was for reference. well, if this country has to grow then that's the only way accountability can be set else keep on having " Chalta hai" attitude, these things won't bother much.
@@kumarabhishek1064 There is no need for reviews as it is always biased. Toll roads are actually already being maintained for 15-20 years by the contractor. I'm a transportation engineer and I really like your idea and it should be followed for every stretch of roads, not only on toll roads.
First one is Forward auction and second one is reverse auction. Generally first one used for to sell anything and second one is used for to buy anything.
No, that is indirectly true. Because the less amount, & the more corruption. Since bid is less & corruption amount is same, so left behind is less only. So...
There is also a different type of Auction in which the next bidder only pays the difference between the last bid and his bid. In this case even small players have a chance of winning, the financial burden of buying is spread among many bidders and at the same time a huge corpus is earned even for a small object.
Aap jiski baat kar rahe hai use Reverse Auction kehte hai . Aur auction ke bahot saare strategies hotey hai, English No Ties, Seal Bid, Dynamic Seal Bid, Yankee, Double Stage... Aur ye strategy depend karti hai ki wo product & Market ki dynamics and nature kya hai aur client ka aim kya hai.. i mean unko jada bidder participation chahiye ya unko, close bid karana hai.. etc etc...
That doesn't necessarily mean low quality roads? Skills, technology, experience matters in such construction work even at low budget giving high standard work
Perhaps the amount designated is sufficient in fulfillment of the project. As the base price is decided after calculating average of similar other projects. But the commission of the entire middlemen chain make the difference. From the ministers to the peon, sab ko commission chahiye.
In tenders its not only about lowest bids many other factors are considered and even if some firm is bidding more than others it could get that contract due to its reputation and the way it does its works in the market .
Okay, so the final decision is made only based on the lowest price or past history of the company's performance is also analysed? I mean what about the quality of the project.
There is a list of approved and eligible contractors who have shown ability to do such kind of work and have done projects equivalent or close to that scale. And only they are allowed to bid. Else if anyone could bid any big project would never be completed even in a century because small or new players don't have the right expertise, resources, network and mindset to do any projects of big scale or which require critical functionality.
Make a Video which describes " Types of auction, How to participate in it , " State , National, International , Bank , Airport, Ship Containers, Options eassy way to participate in it , ( Real Estate, Bike/Car or any Vehicle, Electronic/it Product's, Previous ... Many more) . Make a Video on it describe Like if a Small Child watch they also be Understand 💯👍🏻
Govt. directly sabse kam ko nhi deti tender... Us company ki reputation bhi dekhi jati hai.... Tata ya L&T agar zyada bhi mange toh govt. Unhe dena pasand kregi.
After the bid there is reverse auction, where the lowest bid is set as base price and the bidders can lower the amount by some denominations, and after the time is over, the least bidded is winner for the tender and my company gets the work at lowest price... Mahor disadvantage is that if some small incapable party aggressiveness takes it from big conservative players and doesn't perform, it results in total time waste
I am engineer in a company that makes machine on government tenders, believe me it is really difficult to deliver good product and maintain L1(lowest) in tender. Any Government should not play with public's life for saving money . If we want world class best products then they should think if what they r asking and paying is even profitable for companies so the companies wouldn't die with time.
Got it that we get bad quality work due to Dutch auctions but how can tenders ever be English style? Is it even possible? In Europe how tenders are given?
If that's the case why both are called with different name like auction and bids probably it could be called as positive auction and negative auction something like that
Small correction bro. Lowest bid doesn't always win in Dutch style. Reputation of company, qualities of work to be expected also matters. In such case any company will place lowest bid and will perform Worst quality work.
English auction jo kisi saman ki kimt ko or badta h. Wahi Dutch style auction जो Indian govt use krti h. aap ko nhi lgta isse Quality me effect padta h.
Hi Sir, i have one question regarding tax If i put profit on shares only in zerodha account for its further use but not put it in bank account. So is this taxable ??
But why company has one chance .. while they can fight for more low price and govt. Should get more profit .... Explain why one chance provides by auction committee
xactly whi mai soch raha tha... agar english auction hi kraya jaaye, aur usme jo sbse kam mein krne ko taiyar ho use tender mile, to aise mein to zyada better hoga
@@robinsinghchauhan1834 but bro we also can maintain that too by setting a deadline and whoever wil be on last bid will win and in case if he denied to get that he should fined as well and next man will get the offer and process will go so far .
Sir mai 1 month mai only ₹20000 binomo app se trade kiya usmai se ₹12000 gar gya (Lost) ho gaya. { Bank mai ₹20000 dala tha or ₹12000 add kar ke har Gaya binomo mai ad kar ke } kya mujhe Income tax pe Karna parega
Yup but this is very bad, anyone who make lowest bid gets to make roads and that's why our roads are poor quality, so we should better directly choose a decent contractor who can make decent roads.
Important link: link.labourlawadvisor.in/shorts
Nice looking 😃😍
Me ab samajh gya hoo ki hamare yah ki roads jaldii toot kyu jaati..kam se kam paise me achi road to milegi nhi..thank you sir...😅
Not completely correct.. in case of Dutch type auction, bidders may place their bid more than one time..if Reverse auction is applicable.
English Auction - Storage Wars
Dutch Auction - Shipping Wars
True.
History tv18
Every show is a masterpiece
😂😂😂
Nostalgia effect 😢😢
Bhai tumne dhukti nas ko ched diya😢
Nostalgia
It doesn't matter whether the bid is highest or lowest, if accountability is set for leaders, contractors and bureaucrate, then no one will make bad quality project.
Can you suggest accountability techniques?
@@ajinkyakale830
Suppose if a road has been constructed and it is meant to sustain 15-20 years then following thing could be done:
People who pays tax at toll should be asked to give their reviews on app meant to pay tax and based on review(6 month or yearly basis), a formula could be deviced and as per that formula, salary deduction of leaders, bureaucrate and penalty to contractors should be mandated.
@@kumarabhishek1064 Toll Roads are always good lol
@@rishavbarnwal7155
That was for reference. well, if this country has to grow then that's the only way accountability can be set else keep on having " Chalta hai" attitude, these things won't bother much.
@@kumarabhishek1064 There is no need for reviews as it is always biased. Toll roads are actually already being maintained for 15-20 years by the contractor. I'm a transportation engineer and I really like your idea and it should be followed for every stretch of roads, not only on toll roads.
First one is Forward auction and second one is reverse auction. Generally first one used for to sell anything and second one is used for to buy anything.
Daily dose of Financial shorts 🤓
So are you a quoran?
@@hastishah5165 ?
Ah, now I got to know the reason behind the poor quality things we see everytime we go out!
Yes 😂
No, that is indirectly true. Because the less amount, & the more corruption. Since bid is less & corruption amount is same, so left behind is less only. So...
India meh kaunsi aachi quality roads hai..as compared to other developed countries
There is also a different type of Auction in which the next bidder only pays the difference between the last bid and his bid.
In this case even small players have a chance of winning, the financial burden of buying is spread among many bidders and at the same time a huge corpus is earned even for a small object.
Aap jiski baat kar rahe hai use Reverse Auction kehte hai
. Aur auction ke bahot saare strategies hotey hai, English No Ties, Seal Bid, Dynamic Seal Bid, Yankee, Double Stage...
Aur ye strategy depend karti hai ki wo product & Market ki dynamics and nature kya hai aur client ka aim kya hai.. i mean unko jada bidder participation chahiye ya unko, close bid karana hai.. etc etc...
Nowadays, Govt. is preferring reverse auction after Dutch style auction to reduce cost further
Penguins of Madagascar
"Never trust a dutchman in a tulip fight"☺️😊👍
There is 3rd way of Auction, if your surname is Adani or Ambani.... Congratulations 👏👏👏
Auction has entered the chat.
Bribery has entered the chat.
Auction has left the chat.
Great information as always❤️
That doesn't necessarily mean low quality roads?
Skills, technology, experience matters in such construction work even at low budget giving high standard work
So informative
Dutch Auction. Hmmm... Now I know why our roads are not properly constructed.
Yes these cricketers gonna save world with that much money because they are doctors, scientists, engineers, soldiers, farmers etc.
Tabhi to road banae se Pahle he Gayab ho Jaya hai
Sir I am learning a lot from your video 🙏🙏🙏🙏
Your detailed videos are much better than these shorts.
Perhaps the amount designated is sufficient in fulfillment of the project. As the base price is decided after calculating average of similar other projects.
But the commission of the entire middlemen chain make the difference. From the ministers to the peon, sab ko commission chahiye.
Badhiyaa😂
Awesome information
Why does the title say "bad quality Roads" when this is about "Auctions"???
Brilliant auction strategies
Fun fact
English model is inspired from purchasing slav€$ (⬛ people)
And dutch is inspired from cheap buying tactics
Edit :- not a factual speaker
In tenders its not only about lowest bids many other factors are considered and even if some firm is bidding more than others it could get that contract due to its reputation and the way it does its works in the market .
Okay, so the final decision is made only based on the lowest price or past history of the company's performance is also analysed?
I mean what about the quality of the project.
There is a list of approved and eligible contractors who have shown ability to do such kind of work and have done projects equivalent or close to that scale. And only they are allowed to bid. Else if anyone could bid any big project would never be completed even in a century because small or new players don't have the right expertise, resources, network and mindset to do any projects of big scale or which require critical functionality.
@@sagarvarandekar8279 okay nice, didn't know about the process.
Can you make a video on type of auctions used by banks for selling houses and whether its a good idea to buy houses in bank auctions
Thank you sir for useful content
In Tender Lowest is called L1 , while selling in Tender it is called HI
Dutch Auction is also known as Reverse Auction
I used to watch "shipping wars" a show on history tv18 , the Dutch auction was used there
Make a Video which describes " Types of auction, How to participate in it , " State , National, International , Bank , Airport, Ship Containers, Options eassy way to participate in it , ( Real Estate, Bike/Car or any Vehicle, Electronic/it Product's, Previous ... Many more) . Make a Video on it describe Like if a Small Child watch they also be Understand 💯👍🏻
If the morals and ethics are down then whatever the cost highest or lowest the quality of work will always be down..
Govt. directly sabse kam ko nhi deti tender... Us company ki reputation bhi dekhi jati hai....
Tata ya L&T agar zyada bhi mange toh govt. Unhe dena pasand kregi.
After the bid there is reverse auction, where the lowest bid is set as base price and the bidders can lower the amount by some denominations, and after the time is over, the least bidded is winner for the tender and my company gets the work at lowest price... Mahor disadvantage is that if some small incapable party aggressiveness takes it from big conservative players and doesn't perform, it results in total time waste
Dutch auction is usually Seen in power project companies
I am engineer in a company that makes machine on government tenders, believe me it is really difficult to deliver good product and maintain L1(lowest) in tender.
Any Government should not play with public's life for saving money .
If we want world class best products then they should think if what they r asking and paying is even profitable for companies so the companies wouldn't die with time.
Thank you so much sir for giving valuable information
Sir jo govt site pr e auction hota h usse property buy krna shi rhta h ya nhi??
I think in Dutch Auction...the parties are unaware of others bid price...
Now a days government is going for alternative of these.. Swiss model
Dutch auction should be there in ipl. Write how much you value a certain player and get it. Instead of toying with other teams.
Very helpful
Thank you so much ❤️
Thanks for the info 🙏🙏
Got it that we get bad quality work due to Dutch auctions but how can tenders ever be English style? Is it even possible? In Europe how tenders are given?
Great sir 🤞🤞
Knew how they work but didn't know the technicalities. Thanks
If that's the case why both are called with different name like auction and bids probably it could be called as positive auction and negative auction something like that
It's informative
Sir Thanks you for sharing this useful knowledge with me 😁🙏
Superb 👍
Can i buy property, gold, vehicles at lowest price or mid range price? Please make a video on this
Plz detail about bank auction properties. How to buy them
Useful
Please one video on e auction
Bro aapko bahut knowledge aisi videos or bnaiye
Shipping wars( History tv 18 show) also used dutch style auctions
Superb
Nice one mandeep 🤘 deutch auction saves money a lot
Thanks Bhai aaj tak mujhe sirf tender ke bareme pta tha
Aaj pta chala ke use Dutch-Auction Bolte h
Small correction bro.
Lowest bid doesn't always win in Dutch style. Reputation of company, qualities of work to be expected also matters. In such case any company will place lowest bid and will perform Worst quality work.
Yes we get worst possible quality of roads
It's called reverse bidding.
Itni sundar road 😮
Very Good Sir Keep It Up. We appreciate your efforts
Tabhi toh road ke condition aise hai 😂😂
Sir crptocurrency tax pe detail video bane .sir maine crptocurrency jo profit howa use agar mai ek ghar leta hu to tax manage ho ja ga
Dutch style is called as reverse auction
Option trading ke bare me bhi koe video Bano bro
Duch type auxion kaa use hm everyday karte hai, but aapne achha btaya
English auction jo kisi saman ki kimt ko or badta h. Wahi
Dutch style auction जो Indian govt use krti h. aap ko nhi lgta isse Quality me effect padta h.
Hi Sir, i have one question regarding tax
If i put profit on shares only in zerodha account for its further use but not put it in bank account. So is this taxable ??
Bas aise videos aur banate raho !!!
Maza aagaya
Why I cant stop watching your UA-cam Shorts 😁😁😁😁
Now I understand why we have such a bad roads !🤔🤔🤔🤔🤔
It may lead to bad quality of products
Also Dutch auction cause a false sense of urgency.
Thus roads have poor quality 😂😂
Jagruk Janta 👍🙏
That’s why its said : “saste ka kaam raste mai” !
But why company has one chance .. while they can fight for more low price and govt. Should get more profit .... Explain why one chance provides by auction committee
I guess it's to be fair otherwise everyone will just give a little lower price than the other and it will never end
xactly whi mai soch raha tha... agar english auction hi kraya jaaye, aur usme jo sbse kam mein krne ko taiyar ho use tender mile, to aise mein to zyada better hoga
@@robinsinghchauhan1834 but bro we also can maintain that too by setting a deadline and whoever wil be on last bid will win and in case if he denied to get that he should fined as well and next man will get the offer and process will go so far .
Yes 3rd auction style is contractors choosen by politicians 😅
Wickerey's or Second price auction
Remember to always give sarkari babus a good daru party before your Dutch auction for good luck.
Thanx for ur valuable information....
English bs dutch
Sir mai 1 month mai only ₹20000 binomo app se trade kiya usmai se ₹12000 gar gya (Lost) ho gaya. { Bank mai ₹20000 dala tha or ₹12000 add kar ke har Gaya binomo mai ad kar ke } kya mujhe Income tax pe Karna parega
I think we call in india tender
Corruption is done by both politician and contractor
bhai kum se kum cost tender wale ko nahi milta bhai tender ... company ka experience bhi dekha jata hai ...
ये तो movies देख के ही समझ गए थे...
aaiye.. aapka.. intejar tha. 😂
वास्तव में सरकार उन ठेकेदारों को ठेका देती है जो मंत्री को रिश्वत देते हैं या जो वहां पार्टी के लिए चंदा जुटाते हैं...😅
They don't care for quality
It's good to see Mandeep as well in morning shorts
Yup but this is very bad, anyone who make lowest bid gets to make roads and that's why our roads are poor quality, so we should better directly choose a decent contractor who can make decent roads.
Invitation to offer
Bro make videos on nft auction trick
Misleading title.
Like storage wars
That why road are made by bad material