Goodluck is the listed approved vendor for FABRICATION OF OPEN WEB, COMPOSITE & OTHER STEEL PLATE GIRDER
There are 112 approved vendors listed for the item that goodluck provides. It is unusual to have too many approved vendors for an item in railways.
Contract is given to the company with the lowest price. It seems as it is bulky product hence the L1(lowest price) price quote is possible to be given only by the nearby vendors to the project location.
Hence, it seems there are many vendors for a product.
Therefore I have shortlisted the vendors which have good capacity and are present in same state as Goodluck registered factory in railways
Major competitors of it in Railways
Gujarat
M/s ALLTECH INDUSTRIES INDIA PVT. LTD. - 36k MT
M/s GOODLUCK METALLICS (A Unit of GoodLuck India Ltd)(Bhacchau (Kutch),Gujarat) - 24k MT
Uttar Pradesh
M/s GEW(INDIA)PRIVATE LIMITED - 18k MT
M/s GHAZIABAD MECHFAB PVT. LTD. - 12k MT
M/s GOODLUCK INDIA LIMITED(Sikanderabad Bulandshahar, UP) - 50k MT
M/s JCL INFRA PRIVATE LIMITED-MEERUT - 48k MT
Difference between Approved vendors and Developmental vendors.
When a vendor gets listed in the railways it gets listed as the developmental vendor.
Then its one year performance is tested over atleast 1 year and then they become the approved vendor.
If there is contract for an item, mostly 80 percent of the contract is distributed to the approved vendor with the lowest price quote and 20 percent is distributed to developmental vendors.
There is a catch here, sometimes the contract is divided among several approved vendors. After the lowest price is determined, the negotiator from railways tries to manipulate the other approved vendors who have not given the lowest price to give products at the L1 price determined.
Here also, though the vendor to first quote the lowest price gets the majority part of the contract.
Dis - Invested and biased