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.