xiii. e-Bidding and Reverse Auction (RA) on GeM.
What is bid RA?
In a regular auction, a seller puts up an item and buyers place bids until the close of the auction, at which time the item goes to the highest bidder. In a reverse auction, the buyer puts up a request for a required good or service.
What is the difference between bid and RA in GeM?
Bidding is used to determine the cost or value of something. … In a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers underbid each other.
How do you find RA in gems?
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 …
What is PAC in GeM?
Page 2. PROPRIETORY ARTICLE CERTIFICATE. (PAC ) Page 3. 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.
Is it mandatory to purchase from GeM?
Government of India has established the Government E-Marketplace (GeM) for common use Goods and Services. … The Procurement of Goods and Services by Ministries or Departments will be mandatory for Goods or Services available on GeM.
What does RA means in GeM?
a. The e-Bidding / RA module of GeM is a tool provided to the Buyer(s) for organizing bidding / RA from GeM Sellers of the particular product category for a pre-defined requirement i.e. quantity, technical parameters for Goods/ Services of the particular product category required for one or more Buyers / Consignees.
What is direct purchase on GeM?
The GeM portal shall be utilized by the Government buyers for direct on-line purchases as under : Up to Rs. 25,000/- through any of the available suppliers on the GeM, meeting the requisite quality, specification and delivery period. The procuring authorities will certify the reasonability of rates.
Can individual buy from GeM?
Come next year, individual customers will be able to buy products such as cars, computers and furniture through public procurement portal — Government e-Marketplace (GeM) — and save up to 25%. … It is currently restricted to government departments only for procurement of goods and services.
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.
How do you take a bid in GeM?
The Steps for Starting Selling on GeM Portal are broadly as follows
- Business Registration. …
- Tax Registration. …
- Bank Account Link. …
- GeM Registration. …
- E-Sign Terms and Conditions. …
- Knowledge. …
- Begin Selling.
How do I get a PAC certificate?
Proprietary Article Certificate (PAC) is obtained after getting necessary approvals from the competent authorities (as per General Financial Rules-2017) if the buyer wants to buy any specific Original Equipment Manufacturer (OEM) product. PAC should be operated on manufacturer only.
What is PAC item?
Stores procured for Railway’s operation include the items purchased under Proprietary Article Certificate (PAC). These items are required to be purchased from a specified firm on single tender basis and include safety and vital items and also emergency purchases.
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.