Introduction

Recognising the requirement and potential of auctions as a tool for channelising public resources, GeM has introduced Forward Auction on their portal as feature enrichment. GeM Forward Auction offers a flexible environment all-encompassing bidding and auction management, user-friendly navigation and is designed to increase speed, transparency and efficiency into the online auction. 

Forward Auction is made as an integral feature for GeM registered buyers to auction/sell goods/material/immovable assets and allow potential Bidders to buy desired assets/items by bidding against the listed auctions.

Features:

• B2C and B2B integrated Auction platform (first and only of its kind)

• Featuring pan India auctions (Central and State Government Ministries / Departments, Central & State Public Sector Undertakings (CPSUs & SPSUs), Autonomous Institutions and Local Bodies,)

• Facilitate auction & procurement in a single platform

• Transparent, Inclusive and Efficient

Categories:

• E-waste – Electronic and Electrical

• Land/Building – Industrial, Commercial and Residential

• Machineries – Electric Industrial, Non-Electric Industrial

• Scrap/ Disposables – Lube/Waste Oil, Metallic, Non-Metallic, Useable and Scrap Vehicles

• Others – Items for re-use and are of monetary value other than above