GeM Delivery Delay Penalty Calculator
Disclaimer: This is an automated calculator for GeM Delivery Delay Penalty. It works purely based on publicly available GeM directions regarding delayed deliveries (0.5% per week cumulative). I/we owe no responsibility for decisions taken based on this result.
About GeM Penalty
Definition: Delay in delivery refers to the order not being delivered or received at the specified location on time.
Penalty/Charge: A charge of 0.5% per week of the contract value is applied for such delays.
Nature of Charge: The 0.5% charge is cumulative. It adds up weekly until delivery is completed.