What is EPBG on GeM?
Typically, an export performance bank guarantee (EPBG) only covers the exporter’s obligation to deliver, exposing lenders in case there is a dispute between the buyer and exporter that prevents money from the buyer from reaching the collection account. …
What amount bidding is mandatory in GeM?
Except for direct buying up to Rs. 25,000/- subject to establishing the reasonableness of price, the bidding will be mandatory for procurements above Rs. 25,000/-.
How do you compare in gems?
Go on product of screen and select product at top right for comparison of products maximum upto four products. Press compare button which shows on screen and OK. Buyer will find a comparison sheet.
What is reference price in GeM?
Reference Price is the market price of product/ service carted by the Buyer. Moreover, Seller/Service Provider cannot submit their offer price more than the reference price.
How do I purchase on GeM?
How to make purchase on GeM? SignUp using the link https://gem.gov.in/register/buyer/signup. On completion of verification, Login as Primary user/HoD in GeM portal and create secondary users (Buyer/Consignee/PAO/DDO) after clicking on Manage users tab available in Dashboard. Buyer to login to GeM portal.
What is red buyer in GeM?
Not adhering to the need of updating the payment status on the GeM portal has resulted in many CSIR Labs/Instts being treated as a red buyer thereby conveying to all the prospective sellers that the buyer rating is poor.
Is GeM portal mandatory?
The Commerce Ministry last year launched the GeM for online purchase of goods and services by various central government ministries and departments. … The Finance Ministry has amended the General Financial Rules (GFRs) as per which it is now compulsory to procure items and services from this portal, an official said.
How do I participate in GeM bid?
Select the RA you want to participate in from the ‘List of Bids’ Page 6 Select the type of RA you want to participate in or search with the RA number Page 7 Search the Bid and click on Participate button Page 8 After selecting the Bid to participate in, submit your Technical Offerring Page 9 The Seller Product …
Is there any charge or fee to register on GeM?
Since there is no GeM Registration Fee, the sellers can be assured of the least expensive way to become part of GeM and start offering their services and products.
What is reverse auction example?
Examples of Reverse Auction
Place a bid for providing all 8,000 widgets at $100 each. Choose not to offer any widgets at that particular price. Or place a bid in order to provide a low proportion of the products for $100/widget.
What are golden parameters in GeM?
Golden Parameters of a catalogue are those specifications which have maximum impact on technical aspects. This may directly or indirectly impact the cost of the product.
What is PAC buying in GeM?
If any buyer wants to purchase a Particular Brand / Model of any product, then the buyer has to obtain a ‘Proprietary Article Certificate’ from the competent authority of his organization and make procurement through ‘PAC Buying’ option available on GeM Portal.
What is custom bid on GeM?
The Custom Bid functionality allows Buyers to create a custom-bid by providing relevant information such as Title, reference price, selling unit, specifications, drawing documents, reference images, related categories etc for unavailable items post creation of GeM Availability Report.
What is caution money in GeM?
What is Caution Money? This caution money provision is being introduced for bringing discipline among sellers. All Sellers on GeM would be required to deposit a fixed amount with GeM as Caution Money deposit.
How do I reject a GeM order?
Changing or Cancelling Your Order
You may cancel your order within 1 hour of submitting on the Gem Eye web portal. Orders cannot be canceled or changed once your order has been confirmed and payment has been received by us.