https://www.taxtmi.com/news?id=24077 Expansion of GeM into a Unified Procurement System is prioritized to serve central and state buyers, PSUs and MSMEs, with rapid integration of GeM and the Railway e procurement system to create a single procurement channel and guard against seller cartelization. Operational reforms include COVID responsive bid and delivery adjustments, new bidding formats, Price Variation Clauses, procurement of services with milestone payments, demand aggregation, seller challenge mechanisms, interest penalties for buyer delays and a revamped seller ratings system to enhance transparency and market access. en-us Tue, 01 Jun 2021 16:41:45 +0530 Tue, 01 Jun 2021 16:41:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24077 Expansion of GeM into a Unified Procurement System is prioritized to serve central and state buyers, PSUs and MSMEs, with rapid integration of GeM and the Railway e procurement system to create a single procurement channel and guard against seller cartelization. Operational reforms include COVID responsive bid and delivery adjustments, new bidding formats, Price Variation Clauses, procurement of services with milestone payments, demand aggregation, seller challenge mechanisms, interest penalties for buyer delays and a revamped seller ratings system to enhance transparency and market access. News - Tue, 01 Jun 2021 16:41:45 +0530 https://www.taxtmi.com/news?id=24077