Auction of Scrap Material of GE Services Malir Cantt Karachi

GE Services Malir Cantt Karachi is conducting an auction for scrap material on an as-is-where-is basis. This procurement opportunity is specifically for interested buyers to participate in the auction of scrap items located at the Malir Cantt site in Karachi. Items being procured: - Scrap Material of GE Services Malir Cantt The auction will be held on 23rd July 2026 at 10:00 AM. Buyers must deposit a Pay Order or Bank Draft of Rs. 2 Million in the name of GE Services by 22nd July 2026 at 3:00 PM to be eligible to participate in the bidding process. The successful bidder will be required to pay 25% of the bid amount on the spot. Additionally, all government taxes applicable on the bid amount must be paid by the buyer. This auction is conducted on an as-is-where-is basis, meaning the buyer accepts the condition of the scrap material at the time of sale without any warranty or guarantee. The site is located in Karachi, Sindh, and bidders should be prepared to inspect and collect the material accordingly. Eligibility criteria include the ability to provide the earnest money deposit as specified and compliance with government tax regulations. No specific PEC category or FBR/ATL registration is mentioned, but bidders should ensure they meet all legal and financial requirements. Key dates to remember are the earnest money deposit deadline on 22nd July 2026 by 3:00 PM and the auction date on 23rd July 2026 at 10:00 AM. The submission and bidding will take place at GE Services Malir Cantt Karachi. A practical tip for bidders is to ensure the Pay Order or Bank Draft is prepared well in advance and submitted on time to avoid disqualification. Also, inspect the scrap material carefully before bidding to assess its value and condition, as the sale is final and on an as-is basis.