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Addendum 5 to RFP 13 January 2023Please refer to RIL and BPEALs Notice Inviting Offer (\"NIO\") dated 29 December 2022 and GSPA uploaded on 29 December 2022 for sale of gas from Gas Fields in Block
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A 1 online forward auction is a digital platform where buyers and sellers participate in an auction to bid on goods or services, with the highest bid winning.
Typically, sellers who participate in the auction and report their revenue or transactions are required to file the 1 online forward auction.
To fill out a 1 online forward auction, participants should access the online platform, provide necessary information about the auction item, set a starting bid, and submit their bids within the specified timeframe.
The purpose of a 1 online forward auction is to create a competitive marketplace where sellers can maximize their selling price through bidding and where buyers can obtain items at potentially lower prices.
Required information for reporting typically includes bidder identities, final bid amounts, descriptions of auctioned items, and transaction details.
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