GeM New Update March 2020
Bidding Process: - GeM introduces CMC (Comprehensive Maintenance Cost) based evaluation for Medical equipment upto 5 years. - Bid Enhancements for supporting Freight intensive items such as Steel, Cement etc. made available on GeM - At the time of bid creation buyer can now choose delivery period upto 180 days. - EMD Exemption Workflow - Buyers can now validate sellers credentials if they are eligible for exemption of EMD in technical evaluation. - ATC Library - revamped - ATC library revamped with clause(s) most frequently used by buyers. Clause(s) are grouped under relevant tabs for easy consumption by buyers. - ATC for Buyback - Additional Terms and Conditions for buyback added in ATC library for buyers to easily pick and include in bid. - Bid / RA – OEM / Reseller Participation - To improve fair participation in Bid / RA, GeM now ensures