AUCTION: Lease Rights of Parking Lot at Estate Office, Karachi (20 Years)

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Estate Office, Ministry of Housing and Works, Karachi, invites electronic bids through EPADS v2.0 for the lease rights of a parking lot located at Block No. B-5, Pakistan Secretariat, Saddar, Karachi. This auction is being conducted for a lease period of 20 years, offering a significant opportunity for interested parties to secure long-term parking management rights at a prime government location. Items being auctioned: - Lease rights for the parking lot at Estate Office, Block No. B-5, Pakistan Secretariat, Saddar, Karachi (20 years) The reserve price for the lease is set at Rs. 10,00,000, with a mandatory bid security (Earnest Money) of Rs. 2,40,000. The auction will be conducted electronically via the EPADS v2.0 platform, ensuring transparency and efficiency in the bidding process. Bidders must submit their bids online by 28-10-2026 at 11:00 AM, with the auction opening at 11:30 AM on the same day. Only those who meet the technical and financial criteria will be eligible to participate, with technical evaluation based on a minimum qualifying score of 35/50 and financial evaluation carrying an 80% weightage. All interested parties must be registered on the EPADS v2.0 system and comply with the specified requirements. The successful bidder will be responsible for managing the parking lot for the full lease term, adhering to all operational and regulatory guidelines set by the Estate Office. For further details, bidders are encouraged to review the complete auction documents available on the EPADS portal. Tip: Ensure your EPADS registration and digital credentials are up to date well before the submission deadline to avoid last-minute technical issues.