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W5PROCUREMENT OF CIVIL WORKS THROUGH REQUEST FOR QUOTATION (RFQ)/SHOPPING PROCEDURES (Lump sum and percentage rate tender) (SingleEnvelope with Offline Procurement Bidding Process) (For Contracts
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How to fill out lump sum and percentage

01
Determine the total amount on which you want to apply the lump sum or percentage.
02
Calculate the specific lump sum amount by multiplying the percentage with the total amount or directly input the lump sum amount.
03
Write the calculated lump sum amount or percentage in the designated field on the form.

Who needs lump sum and percentage?

01
Individuals or businesses that are involved in financial transactions where lump sum or percentage calculations are required.
02
Professionals such as accountants, financial advisors, and analysts who deal with financial data and calculations.
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Lump sum and percentage are methods of reporting financial information in a consolidated manner.
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