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Fiscal Developments 75

MRP: 60,226, Amazon; MRP:
GODREJ INTERIO RHINE OP: 54,203 66,444, OP: 66,444 -22.58
3-SEATER RECLINER
Warranty 1 year Warranty- 1 year
Hp website
MRP: 125,000, MRP: 138,490;
Dell OptiPlex 5490 AIO OP: 98,560 OP: 79,069 9.12
Warranty: 3 Warranty: 1 Year
years Additional 2-year war-
ranty: 10,500
Microtek Twin Guard Pro+ MRP: 6,700, Flipkart MRP: 6,000, 15.42
1000VA UPS OP:6,030 OP: 5,100
Sony MHC-V21D High Power
Portable Party System (HDMI, MRP: 27,999, MRP: 27,999, 23.99
DVD, Bluetooth, NFC & USB) - OP:24,997 OP:18,999
Black
Ambrane 27000mAh Li-Polymer MRP: 3,999, MRP: 3,400, -43.81
Powerbank with Type C OP:1,390 OP:1,999
BLUE STAR Floor Mounted Hot, MRP: 9,900, MRP: 11,700, 2.01
Cold and Normal Water Dispenser OP:8,570 OP: 8,398
BAJAJ Majesty RH11 F Plus Oil MRP: 15,000, MRP: 12,171, 7.32
Filled Room Heater OP:11,113 OP: 10,299
Neelgagan Notepad No. 33, 160 MRP: 480, MRP: 499, 5.79
Pages/Notepad, Pack of 05 OP:190 OP: 179
Philips Base B22 7-Watt LED MRP: 160, MRP: 140, 22.38
Bulb OP:143 OP: 111

Source: GeM portal, Amazon, Flipkart, product websites
Note: OP: Offer Price
These results are broadly in line with the assessment of GeM conducted by the World Bank, which
found that GeM enabled an average savings of 9.75 per cent on the median price for the period
between February 2019 and January 2020. The maximum savings in the top five categories ranged
from 23.5 per cent to 60.5 per cent. The study attributed this, in large part, to increased participation
per bid and better price discovery.

New guidelines for reforms in Public Procurement and Project Management

2.52 Apart from the purchases of common goods from GeM, the government also procures
non-routine Goods, Services and Works like construction of highways, buildings, hiring of
consultants etc. This is done using the Central Public Procurement Portal as per the General
Financial Rules (GFR) 2017. The GFR 2017 guidelines provide three methods for selection and
evaluation of bidders viz Least Cost System , Quality-cum-Cost Based Selection (QCBS) and
5
4
Single Source Selection (SSS) for different categories of procurement. However, in practice, as
6
4 Least Cost System is based on a two-step consecutive evaluation, wherein a contract is granted to the bidder with the lowest
financial bid among those who passed the minimum technical evaluation. There is no weightage for technical score in the final
evaluation.
5 In Quality-cum-Cost Based Selection, a bidder is selected on the basis of both the technical and financial proposals. A contract
is granted to that bidder whose bid has received the highest combined score.
6 A Single-source selection is one in which two or more vendors can supply the commodity, technology and/or perform the
services required, but the State agency selects one vendor over the others for reasons such as expertise or previous experience
with similar contracts.