Indian Oil Corporation Limited Tender

The bid capacity required in the given tender to bid having value and formulas is as follows: - The Bidder has to download the BoQ containing rates excluding Goods and services tax along with tender documents. - The Bidder shall quote in percentage (limited to a maximum of 2 decimal places) “Excess(+)/ At Par/ Less(-)” on the rates indicated in the BoQ. - The “Percentage” quoted by the Bidder shall be applicable uniformly to all the rates of the items indicated in the BoQ. - The landed cost inclusive of GST shall be arrived at after factoring in the "Excess (+)" or “At Par” or "Less (-)" selected by the Bidder. - The rates quoted shall be inclusive of all taxes and duties, but exclusive of Goods and Services tax (GST) which shall be paid extra upon submission of Goods and Services tax invoice as per separate quote by Bidder. Additionally, for Item rate BoQ and Percentage BoQ, bidders are advised to fill the 'Sky Blue' cells meant for the rates and quote GST rates in designated cells. The landed cost inclusive of GST is calculated using the quoted rate and GST rate, although the exact formula is not explicitly stated.