Government College University Faisalabad

Auction Notice No. 01 / 2023-2024

Posted on: 20 Feb 2024

Government College University, Faisalabad intends to auction the following unserviceable and irreparable items on “AS IS WHERE IS” basis. The willing participants can submit their offer / proposals in sealed envelope as per following terms and conditions under prevailing Punjab Auction Rules.

Sr

ITEM

A/U

Estimated Weight /Qty.

Reserved Price (Rs.)

Earnest Money CDR Required (Rs.)

1

Iron Material

KG

4700

94/Kg

24,805/=

2

Fans and Other Copper Items

KG

150

266/Kg

3

Scrap Chairs, Chip Board and Sheet etc.

KG

800

18/Kg

LOT No.1(Iron& Wooden Scrap Material) LOT No.2 (Paper & Raddi)

Sr

ITEM

A/U

Estimated Weight / Qty.

Reserved Price (Rs.)

Earnest Money CDR Required (Rs.)

1

Old Urdu and English Newspapers

KG

100

Rs.80/Kg English News Papers

81,800/=

Rs.40/Kg Urdu News Papers

2

Solved Answer Sheets

KG

28,000

58/Kg

LOT No.3 (Used Tyre, Batteries and Mobil Oil)

S.No.

ITEM

A/U

Estimated Weight / Qty.

Reserved Price (Rs.)

Earnest Money CDR Required (Rs.)

1

Used Tyres

KG

1360

108/Kg

18,970/=

Used Batteries

KG

400

281/Kg

Used Mobil Oil

Liters

1540

78/Liter

LOT No.4 (Electric and IT Scrap etc.)

S.No.

ITEM

A/U

Estimated Weight / Qty.

Reserved Price (Rs.)

Earnest Money CDR Required (Rs.)

Scrap Computers, Printers, Photocopy Machines, Scanners , Multimedia Keyboard, Mouse, Etc

KG

500

185/Kg

4,625/=

LOT No.5(Old Vehicles)

S.No.

ITEM

Model

Engine CC

Reserved Price (Rs.)

Earnest Money CDR Required (Rs.)

Suzuki Cultus FDA-2073

2008

993CC

620,000

85,500/=

2

Suzuki Cultus FDA-2077

2008

993CC

580,000

Suzuki Cultus FDG-1115

2007

993CC

510,000

TERMS & CONDITIONS

  1. Auction will be held on 06-03-2024 at 12:00pm in the Government College University Faisalabad (old campus).
  2. The bidders are required to submit their proposals in sealed envelope by11:30am on the auction date.
  3. Auctionable goods can be seen in University Campuses during official Hours 08:00 to 04:00 (Monday to Friday)
  4. Auction Documents can be obtained from the Directorate of Procurement and Inventory Control during official hours, one day before Auction Date.
  5. The willing participants are required to submit Lot wise Earnest Money Security in shape of CDR/Bank Draft/ Bank Guarantee in favour of “Treasurer Government College University Faisalabad” in sealed envelope. The participants who wish to participate in all lots can submit combined Bid Security in single Draft.
  6. Earnest money shall be refundable to the un-successful bidders.
  7. Withholding tax @10% (Filer) and 20% (Non-Filer)will be charged in addition to bid price.
  8. Successful bidders will have to deposit 1/4thor 25% of the total bid amounts on the same day.
  9. Successful bidders will have to pick the auctioned items within stipulated time period, failing which their offer(s) will be cancelled and earnest money will be forfeited.
  10. The successful bidder for (Lot No.02 Item No.02) Solved Answer Sheets will be legally bound to sale the solved answer sheets directly to Paper Mill and will an affidavit on stamp paper to the University in this regard; otherwise, earnest money will be forfeited. 
  11. The successful bidder for (Lot No.02 Item No.02) Solved Answer Sheets will be bound to lift these goods from sub-campuses/colleges of GCUF located in different cities at his own cost. 
  12. GCUF employees including their blood relatives are not eligible to participate in this auction.

Convener Auction Committee
Government College University,
Allama Iqbal Road, Faisalabad. Phone: 041-9201468


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