AUCTION: Lease Rights of Canteen, Cycle Stand, and Car Parking at Boys Degree College Skardu for Financial Year 2026-2027

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Agent Commission Education Colleges Gilgit Baltistan is inviting sealed bids for the lease rights of the canteen, cycle stand, and car parking at Boys Degree College Skardu for the financial year 2026-2027. This auction presents an opportunity for interested parties to operate these facilities within the college premises, located in Skardu, under a formal lease agreement for one year. Items being auctioned: - Canteen lease rights (reserve price: Rs.175000) - Cycle stand lease rights (reserve price: Rs.75000) - Car parking lease rights (reserve price: Rs.60000) The auction will be held on 7th September 2026 at the college, with separate timings for each lot: canteen at 10:30 am, cycle stand at 12:30 pm, and car parking at 2:00 pm. Bidders must submit earnest money equal to 40% of the reserve price for each lot in the form of a call deposit or pay order, along with their sealed bids. The technical envelope should include proof of experience, CNIC, and other required documents. The successful bidder will be required to deposit 60% of the bid amount within 15 days of acceptance and sign the lease agreement. The lease period will run until 30th June 2027. Eligibility is open to all interested parties, but preference will be given to those with relevant experience in running canteens or parking facilities. All government taxes and levies will be applicable as per rules. Bidders are advised to visit the college premises before the auction date to assess the facilities and prepare their bids accordingly. For a competitive edge, ensure your earnest money and documentation are complete and submitted well before the deadline to avoid last-minute issues. For further details, contact the undersigned at the provided phone number.