Indian Oil Corporation Limited Tender

The bid capacity required in the given tender is as follows: A bidder can quote any number of trucks, but if they succeed in the tender, they will be awarded a contract for a maximum of 50% of the total requirement of trucks in the respective category of trucks (342 or 525). However, if the number of trucks offered by the bidder is not able to meet the plant requirements, then the trucks offered by the bidder can be considered beyond 50%. The formula for this can be represented as: Awarded contract = Minimum (50% of total requirement, actual trucks offered by the bidder) if actual trucks offered >= plant requirements else Awarded contract = actual trucks offered by the bidder. Alternatively, the formula for maximum bid capacity can also be represented as: Minimum of (Total requirement of trucks in the respective category, Maximum of 50% of total requirement of trucks in the respective category) Note that the exact total requirement of trucks is not explicitly mentioned, but the categories of trucks are 342 and 525.