GeM Government e Marketplace

Special purpose Vehicle to be called Government e-marketplace (GeM SPV) as the National Public Procurement Portal as section 8 Company registered under the companies Act, 2013 for providing procurement of goods and services required by Central & State Government organizations. GeM SPV shall provide an end-to-end online Marketplace for Central and State Government Ministries / Departments. Central & State Public Undertakings (CPSUs & SPSUs). Autonomous institutions and Local bodies, for procurement of common use goods & services in transparent and efficient manner.

Based on recommendations of Group of Secretaries made to Hon’ble Prime Minister, the Government decided that GeM SPV will create a one stop Government eMarketplace (GeM) to facilitate online procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs. GeM aims to enhance transparency, efficiency and speed in public procurement. It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users achieve the best value for their money.

The purchases through GeM by Government users have been authorized and made mandatory by Ministry of Finance by adding a new Rule No. 149 in the General Financial Rules, 2017.

GeM ADVANTAGES FOR BUYERS


Offers rich listing of products for individual categories of Goods/Services
Makes available in search, compare, select and buy facility
Enables buying of Goods and Services onlineas and when required.
Provides transparency and ease of buying
Ensures continuous vendor rating system
Up-to-date user-friendly dashboard for buying, monitoring supplies and payments
Provision of easy return policy
Search with option to provide multiple consignee locations and quantity after authentication
Order Process redesigned for ease of use
Provision to generate multiple bills for one single order
Multiple CRAC to be generated on the basis of the invoice generated for one order
Bunching for products is available for Biding New


GeM ADVANTAGES FOR SELLERS


Direct access to all Government departments.
One-stop shop for marketing with minimal efforts
One-stop shop for bids / reverse auction on products / services
New Product suggestion facility available to Sellers
Dynamic pricing: Price can be changed based on market conditions
Seller friendly dashboard for selling, and monitoring of supplies and payments
Consistent and uniform purchase procedures across the GeM portal
Multiple consignee locations are enabled with or without variation
Multiple Invoices for one order
Ensures continuous vendor assessment system New