Definition
A GeM bid is a competitive tender published by a buyer on the portal. Registered sellers in the matching category submit technical documents and prices before the end date. The buyer evaluates technical compliance first, then opens prices of qualified sellers. A bid may end in direct award to L1 or be followed by a reverse auction.
In simple words
Bid matlab sarkari tender — sab sellers apna rate dete hain, shartein poori karne walon mein sabse kam rate wala jeetta hai.
Related terms
Guides on this topic
This is a general explanation. Confirm exact limits, percentages and timelines in the bid document and on gem.gov.in.
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