Context: The Government e- Marketplace (GeM) plans to seek the Centre’s approval to enable work contracts for construction and building projects to also be bid out through the platform.
What is Government e-Marketplace (GeM)?
- It is the Public Procurement Portal for procurement of goods and services for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs) and affiliated organisations.
- It acts as a centralised and unified public procurement platform for government buyer organisations and suppliers of goods and services.
- GeM endeavours to make the public procurement process transparent, efficient and inclusive.
Benefits for Buyers
- Provide transparency and ease of buying
- Offers rich listing of products for individual category of goods/services
- Direct purchase for amounts up to INR 25000
- Price Trends and Price Comparison From Multiple Suppliers
- Direct notifications to sellers
- Integrated Payment System
- Easy to comprehend interface to search, compare, select and buy
- User friendly dashboard for monitoring supplies and payments
- Online grievance redressal mechanism for quick resolution
Benefits for Sellers
- Access to National Public Procurement market
- No charges or fee for getting registered
- Special provisions and sections for startups, MSMEs and Emporium products
- Fully online, paperless and contactless platform
- Easy access to participate in bids/reverse auction
- Online grievance redressal mechanism for quick resolution
- Seller friendly dashboard for monitoring supplies & payments
- Dynamic Pricing- Price can be changed based on market conditions
- Direct access to Government departments and their organisations.