I am having troubles with how to make sense of the relative de rham cochain $\Omega^k(i)$ for $i\colon S\to M$. Bott & Tu allow $k=0$ and define $\Omega^k(i) = \Omega^k(M)\oplus\Omega^{k-1}(S)$. But the $\Omega^{-1}(S)$ would be just zero, right?
As a toy example, I was taking $M = S^1$ and $S = \{0\}$. So the chain would be like $\Omega^0(S^1) \to \Omega^1(S^1)\oplus\Omega^0(\{p\}) \to 0$, right?