AUCTION: Open Auction of Raddi (Used Answer Books) at University of Agriculture Faisalabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The University of Agriculture Faisalabad is conducting an open auction for raddi consisting of used answer books from previous semesters. The total weight of the raddi is approximately 10,000 kilograms. The auction will be held in the office of the Controller of Examinations at the University on 02-12-2026 at 11:00 a.m. Interested bidders are invited to participate in this auction. Items being auctioned: - Raddi (used answer books) weighing approximately 10,000 kilograms The security bid for participation is Rs. 100,000 (one lac), which is refundable. Additionally, Rs. 500 will be deposited into the University Income Account No. 11-9, NBP, UAF, which is non-refundable. Advance tax at 10% for active tax filers and 20% for non-filers will be applicable. The successful bidder must pay the advance tax and 1/3 of the total bid amount on the spot. Failure to carry out the auctioned material within ten days during office hours will result in forfeiture of the security bid and 1/3 of the bid amount in favor of the University. Eligibility requires compliance with tax regulations and payment of the security bid. Bidders should ensure timely presence at the auction and readiness to fulfill payment obligations. The auction is a straightforward opportunity for interested parties to acquire a large quantity of raddi from a reputable institution. Bidders should prepare their earnest money and documentation accordingly. For best results, bidders are advised to visit the Controller of Examinations office prior to the auction date to clarify any procedural questions and confirm auction details.