What is involved in GeM's self-assessment method for vendors?

GeM's self-assessment method for vendors involves filling out a self-assessment form available on the GeM portal. The form comprises a series of questions related to the vendor's technical and financial capabilities, quality assurance, facilities, and capacity to provide the required goods or services. The following points briefly describe what's involved in GeM's self-assessment method for vendors:

1. Registration: The vendor needs to register on the GeM portal to access the self-assessment form. The vendor needs to provide basic information like company name, PAN, GST, etc.

2. General information: The vendor needs to provide general information such as contact details, the number of years of experience, industry type, and certificates if any.

3. Financial capabilities: The vendor needs to provide financial information such as annual turnover, bank name, and other details related to financial capabilities and capacities.

4. Technical capabilities: The vendor needs to provide technical information related to the production process, technical specifications of products/services, the capacity to produce, quality standards, and infrastructure.

5. Quality assurance: The vendor needs to provide information related to their Quality Assurance system such as the quality policy, quality certifications, and processes.

6. Declaration: The vendor must read and sign the declaration at the end of the self-assessment form, which confirms that the information provided is true and accurate.

Once the vendor has submitted the self-assessment form, GeM evaluates the responses and provides an empanelment score. The self-assessment method is a way for vendors to evaluate themselves on the GeM platform. However, the third-party assessment method is more comprehensive and provides a much more detailed report of the vendor's capabilities.