Updated on December 10, 2024 11:24:12 AM
The registration of the GeM portal is a very significant process for every company including MSMEs, manufacturers, or service providers who are interested in practising in government tenders to increase their business. By using the GeM platform, what is obtained is a proper, clear and effective public procurement system that assures fair competition and business development. With the help of a GeM registration certificate, businesses can get access to the wide platform, engage in tender and have privileges in case of any Micro, Small and Medium Enterprises.
At professional utilities, we have senior consultants who can counsel their clients in all aspects of their business endeavours from infancy. Whether the management’s objective is to enhance operational capabilities, manage risks, or enter new segments, we strive to provide the measures that would sustain the improvement while yielding the best of benefits possible. The emergence of this strategy ensures organisations can be assured of our ability to be a good partner to support and spur growth in holders’ organisations.
GeM Vendor Assessment Sample Report
GeM "Government eMarketplace" is an initiative started by the central body to promote MSMEs in the country. GeM is an online marketplace where small businesses such as manufacturers and service providers can list their products and services for government tenders. GeM portal registration offers local manufacturers the chance to reap its benefits in their respective states and industries. Under the Make in India initiative, the purchase of "Make in India" certified products is prioritised Central and state governments typically acquire most 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.
The following documents are required for a GeM registration certificate for your business online on the GeM registration portal.
You can get a GeM registration consultant by our team of experts at Professional Utilities to complete the 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 certificate 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.
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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We are one of the renowned consultancy firm in the market and hold expertise in delivering consultancy solutions to client business organisations. In this context, we have been continually supporting organisations in the management of strategic environments and providing solutions for their goals’ achievement. As a firm and team, we specialise in catering to startup to large business needs consultancy services to overcome some of the toughest business challenges while taking them to the next level of opportunities for success.
Various professional consultants including Professional Utilities help in the GeM registration and also the vendor assessment along with their compliances in an easy and convenient manner. Their veteran staff ensures that this business obtains the right attributes and complies with all the requirements for it to compete effectively in the government niche. For bidding needs or for the attainment of OEM status, their consultancy services can ensure client longevity and profitability within the GeM platform.
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 .
