New COVID-19 related features on GeM
The following interventions have been made by GeM in connection with the fight against COVID-19:
- Procurement cycle shortened for COVID-19 related items: Bid Cycle for COVID-19 related categories has been reduced to 3 days from existing 10 days. Buyers would also be able to reduce the Delivery Period for such items to 2 days considering the time critical nature of the items.
- Local filter for purchase upto ₹5 lakhs enabled: Buyer will now be able to filter local sellers for purchases upto ₹5 lakhs to enable faster delivery of goods during COVID-19.
- Shorter duration bids (3 days) for Services.
- New business rule to stock out sellers who do not update stock within 48 hours of notification for specific categories.
- New business rule for controlling price increase.
- Priority product and brand approval for COVID-19 related categories.
- Allowing delivery period extension 30 days beyond expiry of original delivery period.
- New webpage for tracking COVID-19 categories and number of sellers.
- Buyers would now be able to filter sellers based on Lead Time input for purchases below 5 Lacs ( L1 purchase)
Source: https://gem.gov.in/latest
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