Correct option is A
Correct Answer: (a) Buyer
Explanation:
• On the Government e-Marketplace (GeM), the Buyer is responsible for generating the contract after finalizing the supplier and completing the order placement process.
• The buyer prepares the contract, which formalizes the terms of supply, payment, and delivery between the buyer and seller.
Information Booster:
• GeM (Government e-Marketplace) is an online platform launched in 2016 for procurement of goods and services by government departments.
• It ensures transparency, efficiency, and cost-effectiveness in public procurement.
• Contract generation is followed by Consignee receipt and acceptance of goods.
• The Payment Authority (PAO/DDO) releases payment after confirmation of delivery.
• The platform supports direct purchase, bidding, and reverse auction processes.
Additional Knowledge:
• Consignee – Responsible for receiving and verifying delivered goods or services.
• DDO (Drawing and Disbursing Officer) – Processes financial transactions but doesn’t generate contracts.
• PAO (Pay and Accounts Officer) – Handles payment authorization and disbursement.