Business & Economy

FinMin adds Rule 141-A regarding one-stop Government e-Marketplace

NetIndian News Network

New Delhi, May 6, 2016

The Department of Expenditure, Ministry of Finance has added a new Rule 141-A in the General Financial Rules (GFR) on the request of the Department of Commerce regarding proposed creation of one-stop Government e-Marketplace (GeM) by the Directorate General Supply and Disposal (DGS&D).
The DGS&D will host the online GeM for common use goods and services.
"The GeM would be dynamic, self-sustaining and user friendly. DGS&D will ensure adequate publicity including periodic advertisements in newspapers of the GeM and the items to be procured through GeM for the prospective suppliers. The procuring authorities will satisfy themselves that the price of the selected offer is reasonable. GeM may be utilized by Government buyers (at their option) for direct on-line purchases as under:
"Upto Rs.50,000 through any of the available suppliers on the GeM, meeting the requisite quality, specification and delivery period;
·Above Rs.50,000 through the supplier having lowest price amongst the available suppliers on the GeM, meeting the requisite quality, specification and delivery period.  GeM will also provide tools for online bidding and online reverse auction which can be used by the Purchaser."
An official press release said the above monetary ceiling was applicable only for purchases made through GeM.  For all other purchases, GFR Rule 145, 146, 150 and 151 will apply.
All Central Government Ministries/ Departments have been requested by the Department of Expenditure to bring the amendment to the notice of all their Attached and Subordinate offices for their information.
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