The Indian government now gets things through the Government e-Marketplace (GeM). It's free, quick, and simple. The Government Market is a fair and easy way for government offices and public sector units (PSUs) to buy things. You can bid and offer on many types of items, which is one of the best things about GeM. We'll use clear, simple language to talk about the different

 types of GeM bids and deals.

1. Direct Purchase

With Direct Purchase, getting things on GeM is simple and quick. The most important things about it are these:

• It can help you get things or services for less money.
• You can buy things worth up to ₹25,000.
• GeM lets people pick out what they want to buy on the site and buy it right away, without having to bid or compare prices.

Good things:

• It saves time.
• A great spot to buy every day or quickly.

2. Getting L1 (Least Expensive)

In L1, you look for the seller whose price is the lowest when you want to buy something.

• Purpose: Used for buying above ₹25,000 and up to ₹5, 00,000.
• It needs to be sold by more than one person for it to be valid.

How it works:

• The customer looks at several sellers' goods and services side by side.
• The guy whose price is the lowest wins (L1).

Good things:

• Makes people fight.
• Checks to see if the cash is worth it.

3. Put in a bid

• The bid method is for open buying, and it works well for big, hard to buy things.
• This space is used for sales over ₹5,000,000.
• Who Can Join? Anyone who is authorized to sell GeM can join.

How it works:

• Everyone who wants to buy something makes a tender and posts it. It's a long document that describes all of their needs.
• People who want to sell things include details about money and technology in their bids.
• There are already rules in place that say the deal goes to the person who sells the most things.

Good things:

• A clear way to do things.
• It works well for big, expensive things.

4. RA (Reverse Auction)

• A GeM tool called "Reverse Auction" helps people get better deals on things they want to buy.
• This is used to finish the buying process for big sales after a list of buyers who meet the needs has been made.
• For people on the short list, this is done after they've bought something.

How it works:

• The sellers on the short list race to see who can make the best deal when someone bids.
• Prices change right away during the sale.
• The guy whose price is the lowest wins.

Good things:

• Things cost less because of it.
• Does more to help people do well in competition.

5. Different bids

• Don't join a group if you want to buy something or hire someone. Instead, get custom quotes.
• Reason: This is one of a kind or very important.
• Things that are hard to find on GeM can be added by you.

How it works:

• In the bid paper, the buyer spells out exactly what they want.
• Sellers make sure their bids meet these requirements before sending them.
• As always, people bid on things to see who wins the prize.

Good things:

• People need to be able to choose.
• People who buy things make new things to sell.

6. Offers to do work

• With a service bid, you can buy skills instead of things.
• It's used to hire other people to do work, give advice, keep homes in good shape, and more.
• The letter lists some requirements that service providers must meet in order to be considered.

How it works:

• The person who wants to buy a service makes an offer.
• A lot of service businesses put in bids.
• It gets a score based on how well it works and how much money it makes.

Good things:

• This person makes sure people are taken care of well.
• It was made to fit the buyer's needs.

7. Bids based on a "Bill of Quantities"

• You can buy things that need to be priced by the item with BOQ-Based Bids.
• Use: It can be used to buy things for homes, buildings, and projects.
• If someone wants to sell something, they need to write down all the prices.

How it works:

• They send a BOQ form that says what they need and how many of each item they want.
• When people bid, they write down how much each thing costs.
• The deal that gets the most bids wins.

Good things:

• It's simple to understand how much something costs.

Conclusion

GeM Portal has different types of bids and tenders that you can use to buy a lot of different things, from small tasks every day to big special projects. When folks know about these deals, they can buy things with peace of mind and be a part of the whole process. The site's easy-to-understand process makes sure that India's purchases are fair and save the country the most money. If you use the right bid, it's easier to buy or sell things on GeM Portal. Yes, whether you work for the government or are a seller with a company.