### 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...
https://assets-bg.gem.gov.in/resources/pdf/Annual_Report_2022_23_Revised_GEM.pdf
To the Government of India It is my privilege to forward this Annual Report of the Government EMarketplace (“GeM”) for the Financial Year 2022-23 to be laid before both the Houses of Parliament. This report contains the information required to be forwarded to the Government of India under the provisions of Section 394 of Companies Act, 2013. This report includes an overview of business affairs and working of GeM and the functionalities assigned to it. The audited Annual Statement of Accounts of GeM is also part of this report.
P.K. Singh
Chief Executive Officer & Director.
AN INTRODUCTION TO THIS REPORT
Reporting Period
This is the sixth Annual Report of GeM for the period between 1 April 2022 and 31 March 2023 and is released annually. The last Report was released for FY 2021-22.
The Report provides a comprehensive overview of the company’s performance and progress over the past year. It includes quantitative and qualitative disclosures on material topics, such as statutory disclosures, financial performance, social responsibility, and our relationship with the stakeholders. It also describes our strategy, leadership commitment and culture that celebrates people, performance and purpose.
The financial and statutory data disclosed in the statutory sections of this report meet the requirements of the Companies Act, 2013 (including the rules made thereunder) and all other applicable Standards and Regulations as may be applicable. Auditors’ Report The Auditors’ Report for fiscal 2023 from Chandiwala Virmani & Associates, Chartered Accountants (ICAI Firm Registration Number 000082N) does not contain any qualification, reservation or adverse remark. The Report is enclosed with the financial statements to this Annual Report. Management Review
This Annual Report has been reviewed and approved, for publication, by the Management of the Company.
Feedback Share your feedback about the report to cs01-gem@gov.in .
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