The GeM is a Government eMarketplace. And, here the business people need to register their businesses. That is to say that, it is an e-commerce portal that is run by the government.

Let’s know more about this portal.

What is GeM Registration?

GEM means Government e-Marketplace. It is a one-stop online platform that allows people to get a permit. It is for the common goods and services. To clarify, the government sector gives this permit to people to run their business as it should be. The main aim of this platform is to improve clarity and capability.The GeM Registration platform has the right to use at https://gem.gov.in/

What is the Use of GeM Registration?

The GeM registration process helps in giving power to the maker. It also allows small dealers and service giver to enter the wider business world.As a result, they can sell their goods and services openly to the buyers. The government departments and their different organizations make the process.

What is the Fee of GeM Registration?

According to the new policy, a flat one-time fee of Rs. 10,000 is to be paid. It is for the yearly seller merchandise value of Rs. 20 Lakh on GeM Portal. And, if the seller goes over the value, a special charge will be applied on all orders. This charge can be equal to or above Rs. 5 Lakh. In addition, the charges can be different according to the change in policy. Likewise, it is according to the seller’s merchandise value of GeM Portal. The authorities calculate its value on an annual basis.

Must Read: Legal Entity Setup

2. Benefits of Sellers on GeM Registration.

Under the GeM listing policy, there are different types of profits that the seller can enjoy.Let’s check and list them one by one.

1. It gives clear access to all the government sectors.
2. This platform is the only place for marketing that needs minimum efforts.
3. Importantly, the GeM portal is the only place for public sales.
4. This portal also allows reverse auction of different products and services.
5. This gateway also suggests a policy for new products.
6. Further, it also has an active pricing policy.
7. Under the pricing policy, the market orders can change the price.
8. Certainly, the GeM portal’s control panel is easy for the seller.
9. This panel helps in checking supplies and payments easily.
10. Above all, it has a simple and equal buying process.
11. Benefits of Government buyers on GeM Registration.

In the same vein, the GeM Registration platform has some benefits for the buyers as well.

Let’s check and list them one by one.

1. This platform offers a broad list of products of different types.
2. It also has the ability to search, compare, choose, and buy.
3. Moreover, it allows online buying of goods and services as per the requirement.
4. Above all, this portal is clear and offers ease of buying.
5. It also makes sure to a regular rating system of the sellers.
6. Certainly, it has an easy to use control panel in the buying process.
7. This platform is also open for checking goods and costs.
8. Most importantly, it has the terms of the easy return policy.

To Sum Up

The benefits that we have made clear above are for the sellers and buyers.  And, these are all made for their own ease. We hope that you understand all of these policies and processes.Now let’s get ahead and talk about the types of Government Tenders on the GeM Record platform.According to a report in the paper Economic Times, the Open e-Market or GeM has 249 sorts of product. Likewise, it has 17 sorts of services. Mostly, these services include Security, Transportation, and IT Professionals. Also, as per a report, the individuals are trying to add more services and products to the stage.

Under the trade ministry, the Directorate General of Supplies and Disposals govern this online stage. What’s more, they are working on adding the list of services.For instance, cleaning services, third party check, bug control, and checking of data records will be added to the list. Further, they have chosen to set up a specific reason vehicle. It is to work GeM platform more successfully. In detail, it is not a revenue powered company.Meanwhile, we will be studying the different types of offers on the GeM record Platform.

Let’s learn different types of bids.

1. Advertised Tender Enquiry: – In marketing tender inquiry, late bids or offers are not reviewed. And subject to deviations, these inquiries should be used for purchasing. But its awaited value should be Rs. 25 Lakh and above.
   
   Generally, the Indian Trade Journal magazine issues such notices. And, a national newspaper should also have a wide circulation of these offers. Similarly, a government body must post it on its website.
   
   This website needs to have its server on the NIC portal. All these platforms need to have a detailed paper of a bid. And, there should be clear guidance about the payment method for the bid.
   
   Normally, these bids are open for three weeks from the date of issue. And, if they look for the foreign bidders then it should have a time of 4 weeks.
   
   
   1. Limited Tender Enquiry: – The system accepts this method for the bids up to Rs. 25 Lakh. And, the copies of these bids are right away sent by post and email to the registered dealers. Most importantly, the supplier firms should be more than three.
      
      Further, limited bid inquiry needs a web-based publication. And in special cases, the authorities can increase the limit of its initial value. And, they should give enough time to complete these bids.
      
      
      
   1. Two-stage Bidding: – The two-stage bidding is for a high-value factory. It can be for difficult machinery or any other technology sector. In this case, the authorities collect the bids in two parts. One is a technical bid and the other part is for the financial details.
      
      Firstly, its technical parts hold technical details along with terms and conditions. Secondly, the financial part covers the pricing details of the items. Both the bids should be individually closed and duly super-scribed.
      
      Further, the purchasing department opens the technical bids. And, the financial bid is opened later for further evaluation.
      
      
   1. Single Tender Enquiry: – These inquiries are opened in the case when the purchasing is to be done from a single store. Further, these are urgent offers for a special source for a particular product or service.
      
      Generally, these bids are for special machines. These are for the spare parts that are fit for a set of material. The authorities buy these items from a chosen company.
      
      The authorities also issue a private goods certificate before buying the goods.
      
      
   1. Electronic Reverse Auctions: – When the buyer or seller enrol on the GeM Platform, they agree to take part in e-bidding or opposite sale. In this process, the user needs to e-sign the papers of the bid as well as all supporting documents.
      
      This is an online process and it explains all the steps very well. However, the e-reverse auction or e-bidding assure 2% of the deal value. This value shall be suitable in respect of deals that have a value of above Rs. 25 Lakh.
      
      Moreover, there is no need to pay for reversing goods. In addition, sellers are subject to take the refused goods back within 10 days without any extra costs.

In Conclusion

To Sum up, the above-explained GeM Registration platform and its different types of tenders are very important. These topics are important for people who want to enter the business world in India. I hope the explanation is enough to make you understand the GeM process. Certainly, its benefits will surely allow you to make a move.