Auction of Official Vehicle by Zarai Taraqiati Bank Limited Head Office Islamabad

This auction notice from Zarai Taraqiati Bank Limited (ZTBL) Head Office Islamabad invites interested individuals and firms to bid for the disposal of an official vehicle on an 'AS IS WHERE IS BASIS'. The vehicle, a 2022 model GS Essence, is available for inspection at the ZTBL Head Office during working days from 10:00 to 16:00 hours. Bidders must obtain the auction/bidding documents by paying Rs. 2,000 either at the procurement department or download them free from the official ZTBL website. The auction process requires bidders to submit a Pay Order or Bank Draft of Rs. 600,000 as bid security in favor of Zarai Taraqiati Bank Limited. Cross cheques are not accepted. Manual sealed bids along with the original bid security and required documents must be physically submitted before the deadline. Late submissions will not be entertained. The auction will be held on the 19th of January 2025 at 11:00 AM, with bid opening at 11:30 AM at the ZTBL Head Office, Zero Point, Islamabad. Bidders should ensure compliance with all auction terms and conditions as outlined in the bidding documents. While PEC categories and FBR/ATL status are not applicable for this auction, bidders must ensure their financial instruments and documentation meet the 2025-26 fiscal year requirements. It is advisable to review the auction terms carefully to avoid disqualification. The submission deadline is strictly on the 19th of January 2025 at 11:00 AM, with bid opening at 11:30 AM. All bids must be delivered to the Procurement Department, 2nd Floor, General Services Division, ZTBL Head Office, Islamabad. Physical presence is required for bid submission. Pro-Tip: Make sure to check the auction documents for specific Earnest Money and stamp duty requirements, which are often overlooked and can lead to bid rejection. Also, verify the vehicle condition during inspection to avoid surprises post-auction.