AUCTION: Parking Fee Collection Rights Okara Tehsil 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. Tehsil Municipal Administration Okara is inviting open public auction bids for the rights to collect parking fees at various designated sites within Okara Tehsil for the financial year 2026-27. The auction will be held at the TMA Okara office on 17 October 2026 at 10:00 AM. Interested parties are encouraged to participate in this competitive process to secure the contract for managing and collecting parking fees from the specified locations for the entire year. Items being auctioned: - Parking fee collection rights for Okara Tehsil (Reserve price: 35,00,000 PKR; Estimated annual value: 3,50,00,000 PKR) The successful bidder will be responsible for the collection of parking fees as per the terms and conditions set by the TMA Okara. The auction will be conducted in accordance with the Punjab Local Government Auction Rules 2016. Bidders must deposit earnest money equivalent to 10% of the reserve price in the form of a CDR or pay order before participating in the auction. Only those with valid CNIC and National Tax Number (NTN) are eligible to participate. The winning bidder must complete all formalities and sign the contract within the stipulated time frame. Failure to comply may result in forfeiture of the earnest money and cancellation of the award. The deadline for participation is 17 October 2026. For further details, interested parties can visit the TMA Okara office during working hours. A practical tip: Ensure your earnest money instrument is prepared in advance and meets all requirements to avoid last-minute disqualification.