What is DGS&D (DGS&D rate contracts)? - Definition from WhatIs.com


DGS&D (DGS&D rate contracts)

DGS&D is the central purchase organization of the Indian government, functioning under the Ministry of Commerce & Industry. Its role is to finalize the rate contracts to be used by Government departments to procure  items of general use.

DGS&D contract rates allow the state, central and government-owned entities to buy required goods at the DGS&D specified prices. The contract rates for such purchases by government departments and public sector undertakings (PSUs) are fixed once every year.

The DGS&D’s Rate Contracts provide government buyers with bulk rate pricing, saving them the hassle of frequent re-tendering and allowing them to buy at the same rate throughout the year. This, in turn, allows government agencies to manage their budgets and inventory more efficiently. For suppliers, rate contracts provide access to an assured customer and large volume of purchases for a specific time period without having to respond to tenders frequently.

This was last updated in July 2012
Posted by: Margaret Rouse

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