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Showing posts from February, 2023

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Various forms OF TENDERS LIKE : TYPES OF TENDER , L1 PURCHASE & DIRECT PURCHASE

  ### Key Points - Research suggests the main types of tenders on the GeM portal are Standard Bids, Reverse Auctions, and Bid to RA, with additional specific types like Custom Bids and BOQ Bids. - It seems likely that these tender types cater to different procurement needs, ensuring transparency and efficiency. - The evidence leans toward variations like Service Bids and Single/Two Packet Bids, but the core processes are the main focus. #### Overview The Government e-Marketplace (GeM) portal is an online platform for public procurement in India, offering various tender types to meet diverse government needs. Below, we break down the main types and provide additional details for clarity. #### Main Types of Tenders - Standard Bids: These are regular tenders where sellers submit offers for specific requirements, and the contract goes to the lowest-priced, technically compliant bid. - Reverse Auctions (RA): Live auctions where qualified sellers compete by lowering prices in real-time t...
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Everything you need to know about the GeM portal

 Everything you need to know about the GeM portal   Government e-marketplace, shortly known as GeM, is a digital platform that enables buying and selling of goods and services. GeM portal is a paperless; contactless and cashless online marketplace.   The sole purpose of GeM is to enhance efficiency; transparency and speed in public procurement. In nut-shell, government departments/ agencies, being registered buyers, procure goods and services from the registered seller via the GeM portal. The current article briefly covers the history and statistics of the GeM portal; the objective of the GeM portal; the benefits of the GeM portal to buyers and sellers; the registration process for both buyers as well as sellers and the details of caution money payment by the sellers.  Page Contents  -  History and statistics of the GeM portal - Objective of the GeM portal -  Benefits of the GeM portal - Registration on the GeM portal for ‘Buyers’ - Registration o...
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Pre-requisite for GeM Registration

Pre-requisite for GeM Registration We have already know about the GeM and the benefits of creating an account on GeM. See What is GeM. In this article we are going through the pre-requisite for GeM registration as a seller/service provider. Documents required for GeM Registration Here are the list of the documents required for the GeM registration. For primary user registration Aadhaar number/ Virtual Id or PAN of the user Mobile number linked with the Aadhaar/ Mobile number in case of PAN Active Email Id Documents as per constitution type such as CIN, PAN, DIPP, UAM, ITR details to complete the profile Address details Bank account details Secondary user creation Aadhaar number Mobile number should be linked with Aadhaar Active Email Id Optional Documents If you want to participate in Bid and your Date of Incorporation is more than 24 months, in addition to above mentioned required information, ITR details are required. If...
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How to List Products on Government e-Marketplace?

  How to List Products on Government e-Marketplace? Indian Government has launched a very transparent e-commerce portal, referred to as Government e-Marketplace (GeM). Any small dealer or a manufacturer who has a GeM registration in his business can access the wide platform. There he can sell his products and services to the distinguished buyers from the Government sector or PSUs, who have a huge requirement for his supplies. This system empowers these small traders and manufacturers to expand their business. The Government e-Marketplace (GeM), is a business-friendly platform, that facilitates smart online procurement of Goods & Services required by the Government Departments, Organizations and PSUs. Very importantly, upon the GeM registration process, the dealers, manufacturers and service providers have to list their products & services on their GeM login. This process is called  Product listing  on Government e-Marketplace. It’s only when the product listing is...
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BID PARTICIPATION

  Bid Participation January 12, 2022 Bid Participation Once the product / service is uploaded by the seller / service provider, they will be able to see the list of BID / RA requests and purchases available for their product / service on the portal. At their discretion, they may participate in related transactions. Please rate each GFR 149 depending on the type of extraction currently available. Important things to pay attention to Vendors can participate in BID / RA which must follow the process specified by the GeM Framework All relevant documents required in accordance with the ATC (Additional Terms and Conditions) BID / RA must be provided There will be no direct interaction between the buyer and the seller until the contract is awarded Options are available to create a BID directly or create an RA directly or convert a BID to an RA Need Support? Get In Touch with Experts +91  7500674435
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