Indian Oil Corporation Limited Tender

The class eligibility requirement to bid or participate in this tender is Class-I local supplier.

The bid capacity required in the given tender involves quoting a percentage rate {(+) or (-)} in the Price Bid, with specific formulas to calculate the final evaluated price. The formulas are: - Net Delivered price = (Basic Amount + GST) minus Input tax credit as available - ITC = X% of G (where G is the Sum Total of derived GST Amount based on item wise GST rate indicated by the bidder) - Bid Amount for Evaluation purpose (BA) = E - ITC (If any), where E is the Estimated Sub Total (all inclusive) including GST. Additionally, the Net Delivered Price (inclusive of GST) = Quoted Price (including GST) minus Input Tax Credit (ITC) as available. In terms of bid capacity, the tender requires bidders to confirm their status/category for eligibility of bidding, including their local content. The specific bid capacity requirements are: - Bidders must confirm their local content target, which can be: - >= 50% as Class-I Local Supplier - >= 20% and < 50% as Class-II Local Supplier - < 20% (not eligible for purchase preference)