AUCTION: Lease Rights of Canteen at Punjab Small Industries Corporation 4th Floor, Shadman II, Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Punjab Small Industries Corporation is inviting sealed bids for the lease rights of the canteen located at the 4th floor of the PSIC building, Shadman II, Lahore. This auction is open to the general public and interested parties who wish to operate the canteen facility for a period of one year, with the possibility of renewal as per departmental policy. The auction will be held on 20 October 2026 at 11:00 AM at the PSIC office. Items being auctioned: - Lease rights for the canteen (area: 27 marla) - Reserve price: Rs. 1,250,000 per year - Earnest money (bid security): Rs. 750,000 (to be deposited in advance) The canteen is situated in a prime location within the PSIC building, offering a significant business opportunity for food service providers. Bidders must submit earnest money in the form of a pay order or bank draft in favor of Punjab Small Industries Corporation. The successful bidder will be required to comply with all terms and conditions set by the department, including timely payment of lease installments and adherence to hygiene and operational standards. Eligibility criteria include submission of valid CNIC, proof of business experience in the food sector, and compliance with all relevant tax and municipal regulations. Bidders must not be defaulters of any government department. The auction process will be conducted transparently, and the highest bid above the reserve price will be considered for award, subject to departmental approval. Bids must be submitted in person at the PSIC office by the deadline. For further details, visit the official website or contact the office directly. A practical tip: ensure your earnest money pay order is prepared in advance and all required documents are complete to avoid last-minute disqualification.