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.
The bid/RA can be created in a matter of minutes and finalized within a minimum of 7 days.
For creating a bid/RA, the buyer does not need to create his/her own technical specifications as they have been standardized on GeM. 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. GeM is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.ĭirect purchase on GeM can be done in a matter of minutes and the entire process in online, end to end integrated and with online tools for assessing price reasonability. Transactions for more than Rs 140 Crore have already been processed through GeM. Presently more than 7400 products in about 150 product categories and hiring of transport service are available on GeM POC portal. Procurement on GeM has been authorized by General Financial Rules by making necessary changes in government rules. The portal was launched on 9 th August 2016 by the Commerce & Industry Minister. Subsequently, the Finance Minister in his Budget speech for FY 2016-17, announced setting up of a technology driven platform to facilitate procurement of goods and services by various Ministries and agencies of the Government.ĭGS&D with technical support of National eGovernance Division (Ministry of Electronics and Information Technology) has developed GeM portal for procurement of both Products & Services.
They recommended setting up of a dedicated e-market for different goods & services procured or sold by Government/PSUs besides reforming DGS&D. Government e-Marketplace owes its genesis to the recommendations of two Groups of Secretaries made to the Prime Minister in January 2016.
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