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AUCTION: Fruit Collection Rights and Advertisement Fee Recovery for Year 2026-27 Gujrat
Tender No: L-7532
Expired Tender
Closing Date:
2024-09-08
2024-09-08
Tender Overview
- Category
- Asset Disposal & Auction / Real Estate & Property
- Sector
- Auction
- Tender Type
- Auction
- Procurement Method
- Open Auction
- Submission Method
- In person at District Council Gujrat office on auction date
- Estimated Cost
- Rs. 36,564,000 (Reserve Price)
- Source Name
- Newspaper
Location & Dates
Contact & Websites
- Contact Person
- Chief Officer
Actions
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Tender Description
NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights.
District Council Gujrat invites interested parties to participate in the open auction for the rights to collect fruit and recover advertisement fees for the financial year 2026-27. The auction will be held at the office of the District Council Gujrat on 09-06-2026 at 11:00 AM. This opportunity is open to all eligible bidders who wish to acquire the collection rights for the specified period. The auction is being conducted under the Punjab Local Government Act 2022 and related rules.
Items being auctioned:
- Fruit Collection Rights and Advertisement Fee Recovery for the year 2026-27 (Reserve Price: Rs. 36,564,000, Annual Value: Rs. 3,656,400)
The successful bidder will be responsible for the collection of fruit and advertisement fees within the jurisdiction of District Council Gujrat for the specified year. The reserve price for the auction is set at Rs. 36,564,000, and the annual value is Rs. 3,656,400. Bidders must submit earnest money equal to 10 percent of the reserve price in the form of a CDR or pay order at the time of auction. Only those who fulfill all eligibility criteria, including submission of valid CNIC, tax registration, and compliance with the Stamp Act 1899, will be allowed to participate.
The auction process will be transparent and conducted in the presence of the relevant committee. Bidders are advised to carefully review all terms and conditions, including payment schedules, penalties for non-compliance, and the requirement to pay all applicable taxes and government dues. The last date for submission of documents and participation is the auction date itself. For further details, visit the District Council office or contact the undersigned.
Tip: Arrive early on the auction day to complete all registration formalities and ensure your earnest money instrument is correctly prepared to avoid last-minute issues.