GEM MAY OFFER WORKS CONTRACTS

Why in the news?

GeM platform aims to include construction work contracts, enhancing transparency and efficiency; total procurement surpasses ₹4 lakh crore.

source:slideserve

About the GeM’s Expansion Plans:

  • Government e-Marketplace (GeM) seeks approval to include work contracts for construction projects on its platform.
  • Aims to introduce transparent monitoring mechanisms for assessing progress in these contracts.
  • Part of broader efforts to enhance GeM’s functionality, which currently handles diverse procurement needs from defence to service sectors.
What is GeM?

National Public Procurement Portal for online procurement of common use Goods & Services by Central and State Government Departments/Organizations/PSUs.

●    Mandatory procurement for Ministries and CPSEs.

●    Tools like e-bidding and reverse e-auction for best value procurement.

●    Launch:

●    Initiated in 2016 to enhance transparency and efficiency in government procurement.

●    Nodal Ministry:

●    Ministry of Commerce and Industry.