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Auction of Railway Godowns at Badami Bagh Lahore Division

Expired Tender
⏰ Closing Date:
2024-06-14

Tender Document

Tender Description

The Pakistan Railways Lahore Division is conducting an auction for leasing multiple railway godowns located at Badami Bagh, Lahore. This procurement is specifically for interested bidders to lease godowns of various sizes, ranging from small to large areas, as per certified site measurements. The auction process is managed by the Deputy Director Property & Land at the DS Office, Lahore Division. The scope includes leasing godowns with areas varying from approximately 1,800 to over 34,000 square feet, situated both on PECO Road and off PECO Road, with benchmark rents provided for guidance. Bidders must submit a single sealed envelope per godown applied for, containing all required documents including a non-refundable participation fee of Rs. 20,000, a bid security CDR of Rs. 500,000, and a CDR for 50% of the quoted annual rent. The lease term is initially five years, extendable for another five years subject to performance and dues clearance. The successful bidder will pay a security deposit equivalent to one year's annual rent upon issuance of the Letter of Acceptance. The auction follows a single stage, single envelope procedure under PPRA Rules 2004. Eligibility requires bidders not to be blacklisted or suspended by any government entity. Bidders should have valid CNIC, FBR registration, and the financial capacity to provide the required earnest money and deposits. The auction opening will be held at the Committee Room, DS Office Lahore, where bidders or their authorized representatives may attend. The closing date for submission is strictly seven days from the publish date or as per the advertisement, with all bids to be clearly labeled with the godown number. A practical tip for bidders is to ensure that each godown application is submitted in a separate sealed envelope with all required documents and valid CDRs to avoid immediate rejection. Verifying the exact area from Annexure-B before quoting rent is crucial to avoid discrepancies. This auction offers a valuable opportunity for businesses seeking strategic storage or operational space in Lahore under transparent and regulated terms.
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