Bid to RA NEW – GEM Expert

Bid To RA

Understanding the Bid to Reverse Auction (RA) Process on GeM

Bid Submission

The first step involves sending the technical and financial proposals for a particular tender through the GeM portal.

Technical Evaluation

The buyer assesses the technical contracts to make sure that the involved vendors comply with all the required criteria/standards and various specifications.

Reverse Auction (RA) Initiation

Only those who have passed the technical evaluation can start the bidding process in the reverse auction, while others can submit their bids through the GeM platform.

Real-time Auction Repeat

During an RA, sellers can view the lowest bid in real time. (Without knowing which seller is the bidder) and have the opportunity to reduce the bid price.

The auction continues for the specified period of time. The seller tries to outbid each other by offering a lower price.

Contract reward

After the reverse auction is completed The seller with the lowest bid usually wins the contract. All terms and conditions must be complied with.

the process of *reverse auction (RA)* allows sellers to lower their offered prices further. Help buyers get the best deal possible. Competitive bidding on the GeM portal is an important part.

We assist in selling products and services to the Government of India via the GeM Portal.