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AUCTION: Market Shops, Cycle Stand, and Parking Contract Rights for 2026-27 at Kacha Khuh Market Khanewal

Tender No: IPL-8517
Active Tender
Closing Date:
2026-08-26

Tender Document

Tender Document

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. Market Committee Khanewal invites sealed bids for the auction of contract rights for various properties and facilities at Kacha Khuh Market for the financial year 2026-27 (from 01-09-2026 to 30-06-2027). The auction will be conducted as per the approved SOPs and under the supervision of the relevant authorities. Interested parties are encouraged to participate in this open auction to secure lucrative business opportunities in the local market environment. Items being auctioned: - Contract rights for the cycle stand at Kacha Khuh Market, Khanewal (Reserve price: Rs. 1,20,000) - Contract rights for the parking stand at Kacha Khuh Market, Khanewal (Reserve price: Rs. 40,000) - Contract rights for the market shops at Kacha Khuh Market, Khanewal (Reserve price: Rs. 1,10,000) - General contract rights for the market for the period 01-09-2026 to 30-06-2027 (Total reserve price: Rs. 3,834,000) The technical scope includes the management and operation of the above facilities, ensuring compliance with all market committee regulations and maintaining proper records. The successful bidder will be responsible for the smooth functioning of the awarded facility and must adhere to all terms and conditions set by the Market Committee Khanewal. Eligibility criteria require bidders to submit earnest money equivalent to 10% of the reserve price in the form of CDR or pay order. Bidders must not be defaulters of the Market Committee and should provide valid CNIC copies. The auction will be held at the office of the Market Committee Khanewal on 26-08-2026 at 11:00 AM. Bids must be submitted in person before the auction time. The highest bidder will be required to deposit 15% of the bid amount immediately after the auction, with the remaining amount payable as per the committee's schedule. A practical tip: Arrive early on the auction day to complete registration and review the property details, as this will give you a better chance to assess the competition and prepare your bidding strategy effectively.
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