AUCTION: Parking Stand Lease Rights for Urban Unit Bank Square 2026

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Urban Unit is inviting interested parties to participate in the open auction for the lease rights of the parking stand at Bank Square for the year 2026. The auction will be held at the designated office on 26 and 27 October 2026 between 0900 and 1500 hours. The auction is open to all eligible individuals and firms who wish to acquire the lease rights for this parking stand. Items being auctioned: - Lease rights for the parking stand at Bank Square, Islamabad, for the year 2026 The technical scope includes the management and operation of the parking stand as per the terms and conditions set by Urban Unit. Bidders must ensure compliance with all municipal and regulatory requirements for parking operations. The successful bidder will be responsible for the collection of parking fees and the maintenance of the facility throughout the lease period. To participate in the auction, interested parties must deposit the required earnest money and the admission fee as specified in the notice. The auction will be conducted in the presence of the committee, and the highest bid will be considered for award, subject to approval by the competent authority. All financial transactions must be made through pay order or bank draft in favor of Urban Unit. The deadline for participation is 27 October 2026. Bidders are advised to arrive early and bring all necessary documents, including proof of identity and financial instruments. A practical tip: review the terms and conditions carefully and clarify any ambiguities with the auction committee before bidding to avoid disqualification or disputes later.