What is Reverse Auction in Gem?

The Government e-Marketplace (GeM) is an innovative online platform that facilitates procurement of goods and services by government departments, organizations, and businesses. One of the most beneficial features of GeM is the Reverse Auction, which allows buyers to procure products and services at the most competitive prices. Everyone is willing to work with the government to get the best deal because prices keep going down. This process fosters transparency, efficiency, and cost reduction while ensuring quality and compliance. This blog provides a concise overview of the Reverse Auction process on the Government e-Marketplace (GeM), highlighting its key points and benefits.