Auction of Scrap Material at GE Services Malir Cantt Karachi

GE Services Malir Cantt Karachi is conducting an auction for scrap material located at their site. This auction provides an opportunity for suppliers and contractors in Karachi to acquire various scrap items on an as-is-where-is basis. The auction is scheduled for Monday, 3rd July 2023 at 10:00 AM. Buyers are required to pay 25% of the bid amount immediately on the spot as earnest money. Additionally, all applicable government taxes must be paid along with the bid money. The auction process will be straightforward with all other terms and conditions announced on the spot. This procurement is ideal for businesses specializing in scrap metal and recycling. The scope includes all scrap materials available at the GE Services Malir Cantt premises. Interested bidders should ensure they have valid registration with FBR and are familiar with government auction procedures. Although no PEC category is specified, experience in handling scrap auctions or similar procurements will be advantageous. The submission deadline is the auction date itself, so bidders must be prepared to attend in person at the specified time and location. It is crucial to arrange the required 25% earnest money in advance to avoid disqualification. One practical tip for bidders is to thoroughly inspect the scrap material before the auction to assess its value and condition, as the sale is on an as-is basis with no returns or claims accepted after purchase.