AUCTION: Parking Stand Lease Rights at Cantonment Board Peshawar

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Cantonment Board Peshawar is inviting bids for the open auction of lease rights for the parking stand at Cantt Board Park, Peshawar. This auction provides an opportunity for interested parties to acquire the rights to operate and manage the parking stand for a specified period. The auction will be conducted in accordance with the rules and regulations set by the department, ensuring transparency and fair competition among bidders. Items being auctioned: - Lease rights for parking stand at Cantt Board Park, Peshawar (Reserve price: Rs. 2,00,000) The technical scope includes the management and operation of the parking stand, ensuring proper ticketing, security, and maintenance as per the terms of the lease agreement. The successful bidder will be responsible for adhering to all operational guidelines and maintaining the facility in good condition throughout the lease period. Eligibility criteria require bidders to submit earnest money equivalent to 10 percent of the reserve price in the form of a CDR or pay order. Bidders must also provide valid CNIC copies and proof of experience in similar operations, if applicable. The auction will be held at the office of the Cantonment Executive Officer, and the highest bidder will be awarded the lease, subject to verification and approval by the competent authority. The deadline for submission of bids and participation in the auction is 12 November 2026. Interested parties are advised to visit the site beforehand to assess the location and potential of the parking stand. All relevant documents and earnest money must be submitted before the auction date. A practical tip for bidders: Ensure your earnest money and documentation are complete and submitted well before the deadline to avoid any last-minute issues. Visiting the site in advance can also help you better estimate the business potential and prepare a competitive bid.