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ALL ABOUT THE GOVERNMENT E-MARKETPLACE




A new concept has been brought by the Government with the objective of ease of doing business across India. With digitalization coming our way, into our lives at a rapid pace, the field of trade and commerce has the potential to tap into huge markets and facilitate the growth of the business, thereby leading to the overall economic growth of the nation.

GeM is a One-Stop Government e-Market Place where common user goods and services can be procured through the online platform/portal. It allows the buyers and sellers to meet at one point and exchange their goods and services.

Finance Minister in his Budget speech for FY 2016-17, announced the setting up of a technology-driven platform to facilitate the procurement of goods and services by various Ministries and agencies of the Government. The Directorate General of Supplies and Goods(DGS&D) has hosted the initiative under the widespread view of Digital India and has the primary task of fixing rate contracts for common user items which are often needed by Government Organisations.

Your location is no longer a hindrance in doing business, a seller or buyer sitting in his office in Agra may reach a buyer placed at Bhopal. GeM Portal has given a platform for all to connect and expand their business channels and contacts. Your product may not have a market locally but can still be sold in other regions and help you gain profits. Similarly, the purchase one wants to make may not be available or does not meet standards across the region, where one resides to do business.

Through a user-friendly portal like GeM self -sustenance of trade and purchase has become convenient and dynamic at the same time.

Government with the aim to transform the way in which procurement of goods and services is done by the Government Ministries and Departments, Public Sector Undertakings and other apex autonomous bodies along with users has brought this initiative to the country.






FEATURES AND ADVANTAGES OF GeM (as per the government guidelines)



Transparency:
GeM eliminates human interface in vendor registration, order placement and payment processing, to a great extent. Being an open platform, GeM offers no entry barriers to bonafide suppliers who wish to do business with the Government. At every step, SMS and e-Mail notifications are sent to both buyer, his/her head of organization, paying authorities as well as sellers. Online, cashless and time-bound payment on GeM is facilitated through integration with PFMS and State Bank Multi Option System (SBMOPS); web-services integration is being extended to payment systems of Railways, Defence, major PSUs and State Governments. Seamless processes and online time-bound payment, which is also mandated by the Department of Expenditure, has given confidence to the vendors and reduced their 'administrative' cost involved in pursuing officers for timely payment.

Efficiency:
Direct purchase on GeM can be done in a matter of minutes and the entire process is online, end to end integrated and with online tools for assessing price reasonability. For procurements of higher value, the bidding/Reverse Auction (RA) facility on GeM is among the most transparent and efficient, in comparison to e-procurement systems in vogue within the Government sector. For creating a bid/RA, the buyer does not need to create his/her own technical specifications as they have been standardized on GeM. The bid/RA can be created in a matter of minutes and finalized within a minimum of 7 days. The bid/RA is notified via e-mail and SMS to all the eligible suppliers; new suppliers are also notified once they get themselves registered online on GeM and are determined as 'eligible' by the system. GeM bidding/RA, therefore, ensures competition, fair play, speed & efficiency and leads to proper price discovery. The reasonableness of the rates can also be confirmed through online comparison with the market prices on leading e-Commerce portals.

Safe and Secure:
GeM is a completely secure platform and all the documents on GeM are e-Signed at various stages by the buyers and sellers. The antecedents of the suppliers are verified online and automatically through MCA21, Aadhar and PAN databases. In addition, SEBI empanelled credit rating agencies are also being used for conducting third-party assessments of suppliers. This would further strengthen due diligence about the veracity of suppliers wanting to do business on GeM. For high-value bids/RA on GeM, an e-Bank Guarantee is also being introduced.

GeM does a 100% online verification of all vendors irrespective of the value of procurement.

Potential:
On GeM, the filters for selecting goods that are Preferential Market Access (PMA) compliant and those manufactured by Small Scale Industries(SSI), enable the Government buyers to procure Make in India and SSI goods very easily. Easily accessible MIS also enables the administrators and policymakers to easily and effectively enforce the Government regulations on PMA and SSI sourcing. After the launch of GeM it has been noticed that several leading computer manufacturers have placed PMA compliant products on GeM. The transparency, efficiency and ease of use of the GeM portal have resulted in a substantial reduction in prices on GeM, in comparison to the tender, Rate Contract and direct purchase rates. The average prices on GeM are lower by at least 15-20%, and in some cases even up to 56%. GeM is also doing Demand Aggregation for items that are to be procured by various Central/State Government Departments. Demand Aggregation is expected to further drive the prices south, by way of standardization of specifications and economy of scale. Demand aggregation for most of the common use goods and services is estimated to result in annual savings to the tune of Rs 40,000 Crore per annum.

If pursued to its logical conclusion, GeM would eventually emerge as the National Public Procurement Portal, keeping in tune with the Global best practices.



HOW TO GET REGISTERED




Step1 : Fill Online Application

Step2: Fee Payment

Step3: Submit OTP

Step4: Registration Done!

Step5: Receive Confirmatory E-mail

Step6 : Pay Security Deposit

Step7 : Create Catalogue



TYPES OF GOVERNMENT TENDERS ON GeM PORTAL



1. Advertised Tender Enquiry

2. Limited Tender Enquiry

3. Two-Stage Bidding

4. Single Tender Enquiry

5. Electronic Reverse Auctions





There are special terms and conditions which are followed with regard to GeM portal. Get the help of our experts at every step for procuring goods, services and maneuver the market efficiently. With proper guidance you will be able to confidently step into the market, well informed with all possible cautions that one needs for doing commercial activities through the portal.

GET YOUR REGISTRATION TODAY!