AUCTION: Used Laboratory Scrap Items and Unserviceable Materials NIBGE Faisalabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Nuclear Institute for Biotechnology and Genetic Engineering (NIBGE), Faisalabad, is conducting a public auction for the sale of used laboratory scrap items and unserviceable materials. This auction is scheduled for 19 August 2026 at the NIBGE premises on Jhang Road, Faisalabad. Interested parties are invited to participate in the open auction process for the disposal of these items, which include a variety of laboratory equipment, scrap, and other unserviceable goods accumulated from scientific and administrative operations. Items being auctioned: - Used laboratory equipment (various types, quantities not specified) - Scrap materials (metal, plastic, and other laboratory-related scrap) - Unserviceable items from scientific and administrative use Specific item list not provided in the notice. The auction will be held on-site, and all participants must deposit 1/4th of the bid amount as CDR (Call Deposit Receipt) in favor of Head LAO, NIBGE, before participating. Successful bidders are required to pay 3/4th of the bid amount within the stipulated time. Applicable taxes, including 10% income tax and 20% sales tax, must be paid by the winning bidder. All items are sold on an as-is-where-is basis, and the department reserves the right to accept or reject any bid without assigning any reason. Bidders are encouraged to inspect the items before the auction date to assess their condition. Eligibility requires submission of valid CNIC and compliance with all auction terms. The auction committee's decision will be final. For a smooth process, ensure your CDR and tax documents are ready in advance. A practical tip: arrive early on auction day to inspect the items thoroughly and clarify any queries with the auction staff before bidding begins.