Increased Market Exposure: By floating tenders on GeM, you make your products or services available to a large pool of government buyers across various departments and sectors. This increased exposure can lead to more contracts and sales opportunities.
Maximized Reach : Floating your tenders through the GeM platform ensures they are visible to all the relevant government buyers who may be looking for your specific offerings.
Faster Procurement Process : GeM’s digital platform speeds up the procurement process, allowing for faster bidding, evaluation, and award of contracts, which directly benefits your business by shortening the sales cycle.
Registration Process : To float a tender, you need to ensure your products and services are correctly listed on GeM. The process involves submitting the required tender details (including specifications, quantities, and deadlines) through the GeM portal. You’ll also need to prepare documents like technical bids, financial bids, and compliance certificates.
Fees : Tender floating on GeM typically does not incur any additional fees beyond the initial registration and profile management. However, there may be small transaction fees if you require premium placement or special advertising for your tenders.
Validity : Tenders remain open for a specified period (typically 30 to 60 days). After that, the procurement process concludes, and the contract is awarded. Floating tenders is an ongoing process, and you can keep posting new tenders as often as you like.
