Updated on December 04, 2024 09:27:11 AM
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 e-Marketplace (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.
GeM Vendor assessment is mandatory for all the sellers registered on GeM to list their brands and products on the portal to participate in government procurements and tenders.The vendor assessment usually takes around 15-20 days to complete by the Rail India Technical and Economic Service.Our Team at professional utilities has immense experience assisting our numerous clients in their GeM vendor assessment process to ensure its successful accomplishment.
The process of registration on the GeM portal is a significant step for any company msme manufacturers or service providers who want to work on government tenders to grow their business. The fact of purchasing that one receives from the GeM platform is a proper, clear and effective system of public procurement that has fairness in both competition and business. Some of the advantages that one gets when sourcing through GeM include, procurement through GeM being possible through GeM registration certificate, and any Micro, Small and Medium Enterprises gets some leverage in case of tenders.
Some of these make the GeM registration easy and convenient through the Professional consultants such as Professional Utilities, assist in the evaluation of the vendor or their compliance. It also employs a highly qualified human resource department that ensures that this business has the right character practices and milestones that would enable it to compete for the opportunities in the government sector. As an indication of how they assist their clients, their consultancy services will ensure that in meeting bidding requirements or in the quest for accredited OEM status, their clients are assured of permanency and revenues in GeM.
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 the original equipment manufacturer. To participate in bidding and market their goods, all manufacturers and sellers registering with GeM must achieve OEM status through the vendor assessment program.
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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.
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