How to make l1 comparrision in gem below 5 lakh ?
Making an L1 comparison in a government e-marketplace (GeM) for goods or services priced below 5 lakhs requires the following steps:
1. Log into your account on government e-marketplace (GeM).
2. Search for the goods or services that you want to buy using the search bar.
3. Once you have found the item you want to buy, check the "Specifications" tab to ensure that it meets your requirements.
4. Check the pricing and make sure that it falls within your budget.
5. Look for the seller that offers the item at the lowest cost, which you can determine by checking the price of item offered by different sellers on the GeM portal.
6. Review the seller’s rating, feedback, and other details available on GeM for potential vendors, and select the seller that meets all your requirements and budget.
7. Finally, place your order with the selected vendor.
Note that, to make an L1 comparison on GeM, all vendors must meet the same quality standards and comply with all the required specifications. Once you have identified the lowest-cost vendor that meets your requirements, you should ensure that all the payment and delivery details are satisfactory and then place the order.
What is L1 comparison in GeM?
L1 is a comparison of the lowest price offered by government e-marketplace (GeM) vendors for the same or similar goods/services. L1 comparison is a crucial aspect of GeM procurement to ensure that the government gets the best possible price for goods and services while maintaining the quality standards.
Vendors compete to offer their goods or services to the government at the lowest cost through GeM portal, with the aim of being selected as the lowest bidder and winning the contract. The L1 price is the lowest cost quoted by a vendor, after considering all the factors such as quality, delivery time, warranty, and other terms and conditions of the contract.
After evaluating the L1 price, if the government authority finds it suitable, they may proceed with awarding the contract to the vendor with the lowest bid. However, it is important to note that L1 comparison is not the sole factor taken into consideration. The government considers other important factors such as quality, service level agreement, vendor's experience, and expertise, and compliance with general terms and conditions of the contract before finalizing a selection.
Overall, L1 comparison is an essential process in GeM procurement to ensure that the government gets a competitive price and vendors have a level playing field on GeM's platform.
The main purpose of L1 (Lowest-1 Compliant Bidder) comparison in GeM procurement is to ensure that the government gets the best value for its money while maintaining the quality standards. GeM is a platform where suppliers and service providers compete with each other to offer the best quality products or services at the lowest possible price. In this context, L1 comparison is a vital part of the selection process.
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