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OIL INDIA LIMITED (A Government of India Enterprise) CONTRACTS DEPARTMENT P.O.: Culiacán 786602, Assaraf. No. OIL/CONT/V/C I 7624 I 2o2o21Date:28.12.2O2ONOTIFICATION DCC472aL21, DCC4729L2L &DCC473OL2L

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How to fill out sealed bids on percentage

01

Review the bidding requirements to ensure you understand the specific guidelines for submitting sealed bids on percentage.

02

Obtain the bid documents and familiarize yourself with the terms and conditions of the bid.

03

Determine the percentage that you will use for your bid, considering factors such as cost, competition, and potential profit.

04

Fill out the sealed bid form accurately, including all required information such as your company name, contact details, and the percentage bid amount.

05

Double-check the filled-out bid form to ensure there are no errors or missing information.

06

Seal the bid form in an envelope or package as per the bid submission instructions.

07

Submit the sealed bid before the deadline, ensuring it is delivered to the correct address or contact person.

Who needs sealed bids on percentage?

01

Government agencies and organizations that are looking to procure goods or services through a competitive bidding process may use sealed bids on percentage to ensure fairness and transparency in the bidding process.

02

Companies or individuals who are interested in bidding for contracts or projects that require a percentage-based bid may also need to submit sealed bids on percentage.

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What is sealed bids on percentage?

Sealed bids on percentage refers to a process where bids are submitted in a sealed envelope and the percentage of each bid is kept confidential until the bids are opened.

Who is required to file sealed bids on percentage?

Any party participating in a bidding process where sealed bids are required must file sealed bids on percentage.

How to fill out sealed bids on percentage?

To fill out sealed bids on percentage, one must submit their bid in a sealed envelope with the specified percentage included inside.

What is the purpose of sealed bids on percentage?

The purpose of sealed bids on percentage is to ensure fairness and transparency in the bidding process by keeping bid percentages confidential until all bids are opened.

What information must be reported on sealed bids on percentage?

The sealed bids on percentage must include the bid amount and the corresponding percentage that the bidder is offering.

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