Best GeM Consultant and Service Provider in Chennai

TendersOnTime, the largest tenders’ aggregator, is based out of Chennai. TendersOnTime- GeM service provider provides a complete range of services like Chennai Company registration on the GeM portal, Assessment of Chennai vendors, Brand approval for Chennai based company on the GeM portal, and help to Chennai based organizations in participating GeM bids, reverse auctions and forward auctions, etc.

IMF projections for 2022 place Chennai's total GDP on a PPP basis at about US$90 billion. After Mumbai, Delhi, Kolkata, and Bangalore, Chennai is India's fifth-most productive metro area. Services contribute to around 70% of Chennai's total GDP, which is essentially what drives the city's economic growth. Manufacturing, transportation, and tourism are further crucial industries.

Since public procurement on the GeM portal is increasing at a very fast pace, registering on the GeM portal and supplying through the GeM portal has become a necessity for many organizations, be it an MSME company or a trader or a private limited company. TendersOnTime helps its clients win direct orders and make their offers presentable to the supplier community. Accordingly, TendersOnTime is receiving tremendous response and becoming the preferred vendor for availing GeM related services.

There are 6,600 millionaires and 5 billionaires in Chennai. Due to Chennai's expanding economy, the city has seen an increase in the number of millionaires in recent years. The majority of billionaires in Chennai are self-made and gained their wealth in a variety of sectors, including IT, manufacturing, and real estate.

Here are the 2022 estimates of Chennai's contribution to India's GDP, direct tax collection (Income Tax), customs duty collection, foreign trade and stock market assets:

• GDP: About 3.7% of India's GDP is contributed by Chennai. After Mumbai, Delhi, and Kolkata, Chennai is now the country's fourth-largest GDP generator.
• Direct tax collection: Chennai contributes about 8% of all direct taxes collected in India. Chennai now ranks as India's fourth-largest direct tax contributor.
• Customs duty collection: Around 5% of all customs duties collected in India are attributable to Chennai. Chennai now ranks fifth in India for contributions to the collection of customs duties.
• Foreign trade: Chennai contributes to about 7% of India's international trade. The fifth-largest exporter of goods out of India is currently Chennai.
• Stock market assets: Chennai lacks a significant stock market hub, hence the assets listed on the Indian stock market make up a very minor fraction of Chennai's assets.

While participating in the GeM government tenders process, Chennai suppliers need to take a few precautions. Here also, TendersOnTime acts as Government E-Marketplace Consultants and helps micro and small enterprises from Chennai by way of providing GeM-related consultancy services, which include but are not limited to:

• Help in uploading the products to Chennai dealers
• Help in providing proper delivery details
• Guidance in logistic services and arranging the most suitable vendors
• Delivery-related issues faced by Chennai vendors registered on the GeM portal
• Providing regular updates related to suppliers' accounts.

Chennai suppliers new to the GeM portal facing difficulties at various levels can count on TendersOnTime's award-winning GeM related services like:

• Chennai Company Registration
• Chennai Vendor Assessment on GeM portal
• Approval of brands for Chennai-based companies
• Catalogue upload and approval services on the GeM portal
• Help Chennai-based suppliers participate in Reverse and Forward Auctions.

Selling through the GeM portal can bring immense advantages to Chennai-based companies, including raising their top and bottom lines. Below are some of the advantages which Chennai contractors and suppliers can avail while supplying through the GeM portal:

• Direct access to major Banks, PSUs, Railway requirements, etc.
• No need to spend on marketing.
• Single platform for bids and reverse auction for most products and services.
• Facility to change prices based on market conditions
• Get auto notifications of bids related to your product category
• Sell with complete transparency and easiness
• Sell from the comfort of your office
• Access to the comprehensive dashboard to monitor orders, supplies and payment status

1. To bring transparency in the procurement function, GeM has provided a provision wherein a disqualified bidder can challenge its rejection. The bid can't proceed further unless and until the purchasing authority replies to the challenge/concern raised by the bidder. Furthermore, the procurement process is faceless and transparent; the seller’s identity is not revealed till the opening of L1.

2. Availability of a wide variety of procurement methods like Push Button Procurement (up to a maximum of Rs. 5 Lacs), Direct Procurement, Lowest price offer and Bid/Reverse auction.

3. The First government-owned procurement portal has processed around 1.5 Crore orders amounting to approximately Rupees 375,000 Crores.

4. Products and services are categorized in a very detailed/Wide category list, with total Product Categories of around 11,475 and Service Categories in 283 categories.

5. Registered Products: 3,258,541 and Service Offerings: 267,242

6. Equipped with advanced analytics for the decision support system and fraud and anomaly detection.

Though the GeM portal registration process, GeM portal login and product/service offering are complete online and free of cost, suppliers and bidders from Chennai often find it difficult to register and participate in the bidding process successfully. This is where TendersOnTime- GeM Consultants in Chennai offers value addition at a fraction of the cost.

Further, TendersOnTime encourages start-ups, women-owned businesses and MSMEs for GeM portal registration, participation in bids, and get preferences as per the prevalent procurement policies/rules.

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