GeM

Question 1

GeM

Answer 1

Government Electronic Marketplace

Question 2

Launched on

Answer 2

9th August, 2016

Question 3

By

Answer 3

Ministry of Commerce

Question 4

for

Answer 4

procurement of Goods and Services

Question 5

General Financial Rules

Answer 5

2017

Question 6

New Rule No. 149 of GFR 2017

Answer 6

Procurement of Goods and Services by Ministries/Depts will be mandatory for Goods and Services available on GeM.

Question 7

VALUE Up to Rs. 25 K

Answer 7

Direct Purchase

Question 8

VALUE 25 K to 5 L

Answer 8

Direct Purchase L1

The comparison must be made between
goods/services of at least three different
manufacturers/OEMs and three different sellers

Question 9

VALUE 5 L and above

Answer 9

Bid/RA
This is preferred , even for below
Rs. 5 Lakhs too. ·
To improve fair participation in Bid / RA,
GeM now ensures that at least 3 sellers
have participated and offered products
from at least 2 different OEMs. 
In case buyer wants to proceed with less than 3 sellers or two OEMs/Brand, they have to upload approval from Competent
Authority.

Question 10

Delegation of Powers to invite and accepting Service Tenders

Answer 10

PHOD/HOD Full powers
DRM Rs. 100 Crores (long term contracts)
All other Officers As per delegation of Service contracts

Question 11

CRAC

Answer 11

Consignee Receipt and Acceptance Certificate

Question 12

buyers are mandated to make payments within

Answer 12

10 calendar days after generation (including auto generation) of Consignee Receipt and Acceptance Certificate (CRAC) in the GeM.
Penal Interest - 1% per month of the delayed payment beyond the prescribed timeline