‘GeM may offer works contracts.

Syllabus: GS-III; Subject: Economy; Topic: Fiscal policy and Budgeting, Issue: Works contracts.

Context: Government e-Marketplace (GeM) plans to offer works contracts for construction projects, awaiting the Centre’s approval.

  • Government e-Marketplace is an online platform launched by the Government of India in 2016 to facilitate public procurement in a transparent and efficient manner.

Highlights:

  • The aim is to introduce transparent monitoring for contract progress.
  • Highlights lengthy traditional tendering process for works contracts.
  • GeM inclusion would enable nationwide bidding and online project monitoring.
  • Features may include milestone-linked payments and post-contract management.
Scroll to Top