Updated on December 06, 2024 03:37:47 PM
We are one of the leading consultancy houses in the market and have specialism to provide consultancy services to client business organisations. We have been providing organisational support for the efficient management of strategic environments and coming up with solutions for organisations’ goals. About our firm and our team, we offer consultancy specific to business challenges that come with consulting and taking the startup to large business to the next level of opportunities for success.
At professional utilities, we have senior consultants who may advise their clients in every aspect of their business venture from conception. If the goal is to improve the operational capacity, reduce risks, or tap new segments, we make sure to deliver the set of measures that would give the stagnation of the improvement and the best benefits possible. The development of this strategy makes it possible for organisations to be confident of our capability to be a good partner to help foster growth in holders’ organisations.
GeM Vendor Assessment Sample Report
The "Government eMarketplace" (also abbreviated as "GeM") is an initiative that was launched by the central body to promote MSMEs in the nation. Small businesses, such as manufacturers and service providers, can list their goods and services on GeM, an online marketplace to compete for government contracts.
Local manufacturers have the opportunity to benefit from GeM portal registration in their respective states and industries if they sign up for the GeM portal. As part of the "Make in India" initiative, a greater emphasis is placed on procuring "Make in India"-certified goods.
Central and state governments typically acquire most of the products listed on the GeM portal through online bidding and tenders.
To participate in government procurement bidding, Sellers need to opt for GeM vendor assessment to get their OEM status. Procurement of goods happens based on various factors. Such as direct purchase lowest bidding and L1 comparison as per GFR-149 guidelines.
GeM portal registration provides several benefits to sellers, service providers, or GeM vendors which are:
The following documents are required for a GeM registration certificate for your business online on the GeM registration portal.
The expert team at Professional Utilities can help you get GeM portal registration for your MSME in quick, simple steps.
Step 1:
Get in touch via call or contact form
Step 2:
Provide necessary documents
Step 3:
Get Your GeM registration in 2-3 days & vendor assessment in 15- 20 days
Grow Your Business On GeM Portal
Sell your products and services to government buyers by becoming an Original Equipment Manufacturer (OEM) on GeM
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| 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/- |
Note: The aforementioned Fees is exclusive of GST.
The process of registration on GeM portal is a significant step for any company, individual msme manufacturers or service providers who wish to undertake government tenders for expansion of their business. The fact of purchasing that one gets from the GeM platform is a proper, clear and efficient system of public procurement that has fair competition and also fair business. Some of the benefits that one gets when sourcing through GeM include that procurement through GeM is possible with a GeM registration certificate and any Micro, Small and Medium Enterprises gets some advantage in case of tenders.
Some of these make the GeM registration easy and convenient through the following; Professional Utilities evaluates the vendor or their compliance. It also has a quality human resource management team that makes sure that this business has the right character that would enable it to compete for such opportunities in the government sector. Among the ways through which they support their clients, their consultancy service will force their clients to have permanency and revenues in GeM when meeting bidding criteria or when searching for accredited OEM status.
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.
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All MSMEs are eligible to apply for GeM portal registration to obtain OEM status and participate in public procurement.
GeM is an E-marketplace portal where sellers and buyers can list their products and services for central and state governments to purchase through public procurement. MSMEs are required to register themselves to take part in procurement.
With professional Utilities, you can complete your GeM registration in quick, simple steps.
GeM portal registration is free of cost. However, sellers are required to deposit caution fees as per their turnovers. Additionally, the Seller on GeM needs to burden the cost for GeM vendor assessment.
| 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 central and state Government does the majority of procurement through GeM; however, private buyers also can enlist themselves to buy goods via GeM guidelines.
L1 comparison is initiated when the purchase order is more than INR 25,000. Then it's mandatory to compare products from three different sellers who offer the lowest possible price for their products.
Yes, any purchase order below INR 25,000 can be directly procured by Government entities, and purchase orders above INR 25,000 upto INR 5,00,000 can be directly purchased after initiating an L1 comparison.
Per the regulations laid out in General Financial Rule 149, any purchase order with a value greater than 5,00,000 Indian Rupees must be placed through the competitive bidding process.
OEM stands for original equipment manufacturer; all sellers and manufacturers registering with GeM must obtain OEM status to participate in the bidding process and sell their products and services.
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They've been very helpful in our registration with ICEGATE. It was a small thing with a small amount paid which somehow escalated to a very painful procedure. Never did they say "You've only paid so much. It's too much effort for us.".
Very pleased with their service. Prompt, professional and great communication. Definitely recommend. Special mention for Ms. Razia - she handled our case.
Professional Utilities is fully professional in their work, Rates are too low and genuine. Services and satisfaction are high so I highly recommended Professional Utilities.
They are one of the most genuine and reasonable people. I applied for lmpc certificate through them and they charged me a very nominal amount as compared to what other firms asked .
