Updated on November 14, 2024 01:25:41 PM
GEM stands for "Government e-Marketplace," which is an online platform created by the Government of India for procurement of goods and services by various government organizations. GEM is an end-to-end marketplace that facilitates the procurement process from product selection to payment, and enables transparency and efficiency in the procurement process.
The platform is designed to provide a single-window access to various procurement needs of government departments, organizations, and public sector undertakings. It also aims to promote the concept of "Make in India" and support small and medium-sized enterprises by providing them with a level playing field. Furthermore in GEM 4.0 authorities have provided new methods of procurement for low tier buyers to promote economic activities more frequently and easily.
Push Button for Gem Sample Report
PBP or push button procurement has been introduced on the GEM portal to make procurement easy for the small buyers. As per the guidelines of GEM, if a buyer wants to purchase a product below L1 bidding then they can initiate procurement under PBP. The objective of GEM is to provide equal chance to small scale buyer to conduct their business through government e-Market place and make procurement easy for infrequent buyers. Buyers can now create PBP notification for L1 purchase of upto 5 lakh rupees.
At Professional Utilities, we understand the unique challenges and opportunities of the industry. With years of experience and expertise in the niche, we have helped countless clients establish and grow their businesses with confidence. Our team of professionals is committed to providing comprehensive services that cover every aspect of Government e-Marketplace.
We are dedicated to staying up-to-date with the latest trends and regulations in the industry to ensure that our clients receive the most current and accurate information. With our proven track record of success, you can trust that we have the knowledge and resources to help you achieve your goals.
GEM (Government e-Marketplace) has revolutionized the procurement process for various government organizations in India. The introduction of Push button procurement (PBP) on the platform has made it even easier for small-scale buyers to conduct their business and promote economic activities. With the help of Professional Utilities, businesses can navigate the GEM platform efficiently and effectively. GEM has not only provided a level playing field for small and medium-sized enterprises but also promoted the "Make in India" concept, driving the growth of the Indian economy.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
Through PBP notice, sellers of respective products can re-participate in the bidding process to compete against L1 bidders.
In order to participate in GEM bidding, sellers are required to register themselves with Gem on the portal and get OEM panel access via RITES vendor assessment.
The Govt Fee For GEM vendor Assessment is categorized under the Following slab.
Annual Turnover | Vendor assessment Fee inclusive of GST |
---|---|
Up to 20 lakhs | ₹ 871.61 |
From 20lakh - 1Cr | ₹ 1743.22 |
More than 1 Cr | ₹ 3486.44 |
Caution Money Deposit | Fees |
---|---|
Seller Turnover less than 1 Crore | Rs 5,000/- |
Seller Turnover in between 1 Crore and 10 Crores | Rs 10,000/- |
Seller Turnover more than 10 Crores | Rs 25,000/- |
The RITES vendor assessment takes 15-20 days to complete.
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