Government e-Marketplace for Sellers

Before the main question of the title, you should have knowledge of what actually GeM is? Who needs GeM registration?

What is GeM?

The Government e-marketplace, or GeM, is a portal provided by DGS&D for government departments to acquire goods and services. Government procurement has always been an important aspect of government operations. The government's goal in implementing GeM was to improve public procurement transparency, efficiency, and speed.

GeM delivers e-bidding, reverse e-auction, and demand aggregation technologies to help government users get the best deal for their money. Proprietorship, Partnership, Limited Liability Partnership, Private Limited Company, Public Limited Company, Foreign Subsidy, and Foreign Subsidy are among the entities that can register their firm on the GeM platform.

Vendor Assessment for Sellers

Vendor Validation is mandatory for all sellers in GeM. One component of Vendor validation is Vendor Assessment on GeM, which is mandatory for certain sellers. After registering on the GeM portal, a seller needs to list products and then set up an OEM to claim the ownership of the product and service they want to sell. At present, Vendor Assessment is done by the Quality Council of India (QCI). The QCI Vendor Assessment is done online and the fee has to be paid directly to QCI.

Benefits of Registering on GeM portal

• Access to National Public Procurement market

• Special provisions and sections for startups, MSMEs, and Emporium products

• Fully online, paperless, and contactless platform

• Multiple invoices for a single order

• Easy access to participate in bids/reverse auction

• The clock has been enabled in RA to display the remaining time for seller participation

• All sellers will be shown reasons for rejection

• Seller friendly dashboard for monitoring supplies & payments

• Seller belonging to North-East states and J & K are exempted from ITR at the time of bid participation

• Dynamic Pricing - Price can be changed based on market conditions

• Direct access to Government departments and their organizations

When the purchase amount is more than Rs 50, 000, it is mandatory to do a comparison of the products first and the buyer needs to select the L1 product. For mid-value transactions, the Direct Purchase with the L1 mode is authorized, allowing the buyer to directly acquire from the L1 seller after analyzing all available sellers on the platform who satisfy the buyer's needed quality, specification, and delivery period. A comparison of goods/services from at least three separate manufacturers/OEMs and three distinct retailers is required.

Business Consultant since last 15 years.