Indian Oil Corporation Limited Tender

Class-I local supplier and Class-II local supplier are eligible to bid. Additionally, in cases of Global tender enquiries, Non-local suppliers are also eligible to bid. Furthermore, for certain items reserved for procurement from MSEs, only MSE bidders are eligible to bid.

The bid capacity required in the given tender involves quoting a percentage rate, which can be positive or negative, in figures only. This percentage rate is used to calculate the final evaluated price as per the Bill of Quantities (BoQ) or evaluation criteria mentioned in the tender document. Additionally, the annual turnover of the bidders is required to be at least 60% of the estimated value of the work (including GST) under consideration in any of the last three preceding financial years. The formula for this can be represented as: Annual Turnover ≥ 0.6 * Estimated Value of Work (including GST) For example, if the estimated value of the work is Rs. 232.50 lacs, then the annual turnover required would be: Annual Turnover ≥ 0.6 * 232.50 lacs = Rs. 139.50 lacs. The local content capacity is also a factor, with classifications as follows: - Class-I Local Supplier: >= 50% local content - Class-II Local Supplier: >= 20% and < 50% local content However, the specific bid capacity required in terms of a specific value or formula is not explicitly stated for local content capacity.