AUCTION: Scrap Material Including Old Vehicles, Computer Equipment, and RAM at PIAAS Building Islamabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Pakistan Institute of Advanced Applied Sciences is conducting an open auction for various scrap materials and unserviceable items at its PIAAS Building, Islamabad. This auction presents an opportunity for interested parties to acquire a range of obsolete and surplus assets from the institute. The items available for auction include: - Scrap material from different departments - Old vehicles - Computer equipment - RAM modules All items are available for inspection at the PIAAS Building, Islamabad, during office hours prior to the auction date. The auction will be held on 2nd October 2026 at 11:00 AM. Interested bidders must submit a refundable earnest money deposit of Rs. 1,000 in cash to participate in the auction. The successful bidder will be required to deposit 25 percent of the bid amount immediately after the auction, with the remaining balance payable within the stipulated time frame as per the auction terms. Bidders are advised to bring their original CNIC for registration and to carefully inspect the items before bidding, as all materials will be sold on an as-is-where-is basis. The auction committee reserves the right to accept or reject any bid without assigning any reason. For further details, interested parties may contact the undersigned at the provided phone number. A practical tip for bidders: Arrive early on the auction day to complete registration and inspect the lots thoroughly, as this will give you a better understanding of the items and help you make informed bids before the auction commences.