AUCTION: Parking Stand and Cycle Stand Lease Rights for Municipal Committee Khushab 2026-27

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Municipal Committee Khushab invites sealed bids for the public auction of lease rights for the parking stand and cycle stand for the financial year 2026-27. The auction is open to all eligible parties interested in acquiring the rights to operate and collect parking fees at the designated municipal parking and cycle stand sites in Khushab. The lease period will be for 11 months, starting from 01-08-2026 and ending on 30-06-2027. The annual reserve price for the lease is set at Rs. 5,20,770, with the total reserve price for the full period being Rs. 52,07,650. The successful bidder will be responsible for managing the parking and cycle stand operations as per municipal regulations. Items being auctioned: - Parking Stand and Cycle Stand Lease Rights (11 months: 01-08-2026 to 30-06-2027) Reserve Price: Rs. 5,20,770 (annual), Rs. 52,07,650 (total) Bidders must submit a CDR/pay order equivalent to 10% of the annual reserve price as earnest money along with their application. Only those who have cleared all previous municipal dues and have not defaulted in the past will be eligible to participate. The auction will be held at the office of the Municipal Committee Khushab on 29-08-2026 at 11:00 AM. Interested parties are advised to inspect the site and review all terms and conditions before bidding. The highest bid above the reserve price will be considered for award, subject to approval by the competent authority. A practical tip: Ensure your earnest money CDR is prepared in advance and all municipal dues are cleared, as non-compliance will disqualify your bid at the auction stage.