AUCTION: Surplus Farm Produce Wheat Straw at University of Agriculture Faisalabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The University of Agriculture Faisalabad (UAF) invites bids for the auction of surplus farm produce classified as 'B' category items. This auction is conducted under the authority of the Vice Chancellor and the Assessment Committee, with the Auction Committee formed at UAF overseeing the process. The auction committee includes the Director Farms as Convener, Treasurer or his representative, and Farm Officer T.T Singh as members. Items being auctioned: - Wheat Straw from T.T Singh Farm, quantity 1204 maunds, estimated sale value Rs. 800 per 40 kg, total value Rs. 963,200/- The Director Farms and the Auction Committee are responsible for ensuring all formalities are met, including the deposit of sale proceeds into the University Income Account and applicable government taxes. Advance tax will be collected from the highest bidder as per government rules and deposited accordingly. The remittance proceeds will be shared with the Treasurer's Office (Budget and Finance Section) on the next working day after remittance. Interested bidders should note the importance of complying with all auction formalities and timely payment of taxes. The auction provides an opportunity to acquire surplus agricultural produce directly from the university farm at competitive rates. The auction notice was published on 17 September 2026, and the closing date for bids is 24 October 2026. Bidders are advised to prepare their Earnest Money Deposit (EMD) or CDR as per auction requirements and ensure timely submission. A practical tip for bidders is to verify the exact quantity and quality of the wheat straw at the farm site before bidding to avoid any discrepancies and to arrange for timely payment and collection after the auction to ensure smooth transaction completion.