Rule -149 — GEM

(b) The Buyer should note that the Seller’s price on the Portal is just their offer prices and the proper discovery of price generally happens through bidding/RA. Moreover, in PAC procurement irrespective of multiple listing by authorized sellers, the important issue of price control remaining with the OEM should not be overlooked. Therefore, in case of all the PAC procurements, the Buyers are advised to carry out extra due diligence in establishing the reasonableness of prices before placement of contract as per Para

(vii) of Rule -149 of GFR- 2017 or the Procurement Guidelines of the respective Organisation, as the case may be.