Indian Oil Corporation Limited Tender

The bid capacity required in the given tender is specified as the ability to meet or exceed the floor prices for Part A and Part B of the tender. The floor prices are as follows: 1. Floor Price of Part A for 3 years including GST: ₹46,426,859.58 2. Floor Price of Part B (S.NO1-18) for 3 years including GST: ₹9,191,447.89 4. Total floor price for 3 years including GST: ₹55,618,307.47 The key formula implied for determining the L-1 bidder is: Total Bid Price = Price for Part A + Price for Part B Where both Part A and Part B prices must meet or exceed their respective floor prices, and the total bid price (sum of Part A and Part B prices) will be used to determine the L-1 bidder, with the lowest total price winning, provided it is at or above the total floor price. Additionally, bidders need to demonstrate financial capability to cover at least the estimated bid value and comply with the 5% ePBG requirement for 42 months. However, the exact formula for calculating the bid capacity from the provided information isn't directly mentioned. Given the information, the bid capacity required is directly tied to the bidder's ability to quote competitively while meeting or exceeding the floor prices for both parts of the tender.