GeM Masterclass: GeM Procurement & GFR Rule 149, Bidding, Reverse Auction & LD Rules Explained

Master the complete GeM (Government e-Marketplace) procurement lifecycle and GFR Rule 149 in this comprehensive step-by-step masterclass! Whether you are a government buyer or a seller/bidder on GeM, understanding statutory thresholds, e-bidding workflows, and post-award contract management is critical to staying fully compliant and avoiding costly audit penalties. In this video, you will learn: • Organizational Setup & User Roles: Primary User duties vs. Secondary User responsibilities (Buyer, Consignee, DDO/Paying Authority). • GFR Rule 149 Procurement Slabs: Direct purchase limits (₹50K), L-1 comparison criteria (₹50K–₹10 Lakh), mandatory open bidding/RA ( greater then ₹10 Lakh), and the automobile exemption. • Compliance Must-Knows: Prohibitions on splitting of demands, PAC Buying (Rule 166), price reasonableness (LPP), and ATC legal hierarchy. • e-Bidding & Reverse Auction (RA): Statutory notice timelines, EMD limits/exemptions (MSEs, Startups), 50% vs. H-1 elimination rules, and tie-breakers. • Contract Execution & Legal Safeguards: 10-day inspection & CRAC rules, 10-day payment timelines, Liquidated Damages (LD) formulas, and Dispute Resolution (DRC/DoE guidelines). ⏱️ Timestamps: 00:00 - The High Cost of Procurement Errors 00:28 - Who Actually Controls the Purchases? 01:43 - The Hidden Limits of GFR Rule 149 03:54 - Common Traps That Get Buyers Suspended 05:46 - The Inner Mechanics of Reverse Auctions 09:15 - When Contract Clauses Collide 11:06 - What Really Happens After the Contract Award? 13:48 - The Real Math Behind Delivery Delays 15:43 - Resolving Clashes Without Involving the Portal 18:27 - Put Your Procurement Knowledge to the Test #GeMPortal #GFRRule149 #PublicProcurement #GovernmenteMarketplace #eBidding #GovernmentTenders #ProcurementRules Subscribe to stay updated with regular explainers, case studies, and structured tutorials designed to simplify complex rules and elevate your professional growth. Links: Website: gyanpankh.com Instagram: instagram.com/gyan.pankh Facebook: facebook.com/profile.php?id=61579360757435