Auction of Miscellaneous Store Items at INMOL Lahore

The Institute of Nuclear Medicine and Oncology Lahore (INMOL) is conducting an open auction for miscellaneous store items located at its New Campus Road facility in Lahore. This auction is scheduled for the 5th of August, 2026, at 10:00 AM sharp. Interested parties are invited to participate on an "as is where is basis," meaning all items will be sold in their current condition without any warranty or guarantee. Items being procured: - Miscellaneous store items (specific list not provided in the notice). The auction items can be inspected at INMOL on any working day between 8:00 AM to 1:00 PM from Monday to Thursday and Saturday, and from 8:00 AM to 12:00 Noon on Friday. This allows bidders to thoroughly examine the goods before placing their bids. Bidders are required to deposit a refundable security amount of Rs. 25,000 at the spot with the Principal Accounts Officer of INMOL before participating in the auction. The successful bidder must pay 25% of the total bid amount on the same day, with the remaining balance to be deposited within seven days. Failure to do so will result in forfeiture of the deposited amount. All applicable government taxes must be paid by the successful bidder on the gross value of the auctioned goods. Additionally, NTN registration is mandatory for all bidders. This auction is a valuable opportunity for suppliers and traders interested in acquiring various store items from a reputable medical institute in Lahore. The process is straightforward, but bidders should ensure compliance with all financial and tax requirements. A practical tip for bidders is to visit the site during the inspection hours to assess the condition and quantity of items carefully. This will help in making informed bids and avoid surprises post-auction. Also, ensure timely deposit of the earnest money and subsequent payments to avoid disqualification. The auction will be held at INMOL, New Campus Road, Lahore. For further information, bidders can contact the Principal Administrator at phone number 042-99231064-68.