AUCTION: Sale of Material/Scrap by Pakistan Engineering Company Limited (PECO) Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Pakistan Engineering Company Limited (PECO) located at Factory, Kot Lakhpat, Lahore, has extended the deadlines for the auction of material and scrap on an 'As Is, Where Is' basis. This auction offers bidders the opportunity to acquire various scrap materials directly from PECO's premises in Lahore. Items being auctioned include material and scrap as specified in the original tender documents. The sale is conducted strictly on an 'As Is, Where Is' basis, meaning bidders must inspect and accept the condition of the items at the site. The auction process involves purchasing tender documents by 30 October 2026 at 1300 hrs. Bid submissions are now extended to 02 November 2026 by 1200 hrs, with the tender opening scheduled for the same day at 1230 hrs. Interested bidders should ensure timely submission of their bids to participate. Eligibility criteria typically require bidders to provide earnest money or CDR as specified in the tender documents. Bidders should also be registered with FBR and maintain an active ATL status. Experience in handling scrap material auctions may be advantageous. The contact numbers for inquiries are 0334-4358895 and 0333-4537360. Bidders are advised to carefully review the tender documents and inspect the materials before bidding. Timely submission and compliance with all terms and conditions are crucial for successful participation. A practical tip for bidders is to visit the PECO factory site at Kot Lakhpat, Lahore, to physically inspect the scrap materials before purchasing tender documents. This ensures informed bidding and avoids surprises regarding the condition and quantity of the items.