AUCTION: Cotton and Paddy Crop Residue at Ayub Agricultural Research Institute Faisalabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Ayub Agricultural Research Institute Faisalabad is conducting a public auction for the disposal of crop residue from its research fields. The auction will be held at the institute premises on 27th June 2024 at 10:00 AM. Interested parties are invited to participate in the open auction for the following lots: Items being auctioned: - Cotton crop residue (kachra) from the research fields, reserve price Rs. 10,000 per lot - Paddy crop residue (kachra) from the research fields, reserve price Rs. 10,000 per lot Both lots are located at the Ayub Agricultural Research Institute, Faisalabad. The auction is open to all eligible bidders who can fulfill the terms and conditions set by the institute. Bidders must deposit an earnest money of Rs. 10,000 per lot in cash before participating in the auction. The successful bidder will be required to clear the auctioned material within the stipulated time frame as per the institute's instructions. All government taxes and duties will be borne by the successful bidder. The institute reserves the right to accept or reject any bid without assigning any reason. Bidders are advised to inspect the crop residue lots before the auction date to assess the quantity and quality. The auction will be conducted in the presence of the auction committee, and the highest bid will be considered for approval. For further details, interested parties may contact the office of the undersigned at Ayub Agricultural Research Institute, Faisalabad. A practical tip: Arrive early on the auction day to complete the earnest money deposit process smoothly and secure your participation.