AUCTION: Unserviceable and Surplus Items at University of Education, Bank Road Campus Lahore

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 Education, Bank Road Campus Lahore, is conducting a public auction for unserviceable and surplus items located at its campus (opposite M.A.O. College). Interested parties are invited to participate in the auction, which will be held on 24 August 2026 at 12:00 PM at the Bank Road Campus. The auction includes a variety of items such as: - Old and unserviceable furniture - Scrap items - Electrical appliances - Plumbing materials - Miscellaneous surplus goods All items will be available for inspection prior to the auction. The auction will be conducted in accordance with the terms and conditions set by the University of Education. A non-refundable participation fee of PKR 50,000 (fifty thousand rupees) must be deposited in the General Fund Account of the University before the auction. Only those who have deposited the fee will be eligible to participate. The successful bidder must deposit 25 percent of the bid amount immediately after the auction, with the remaining amount to be paid within the stipulated time. All items must be removed from the premises after full payment and within the specified period, under the supervision of the Care Taker. Bidders are required to bring their original CNIC for registration. The auction committee reserves the right to reject any or all bids without assigning any reason. For further details, interested parties may contact the University of Education, Bank Road Campus Lahore, at the provided phone number. The final payment and removal of items must be completed by 1 September 2026 at 11:00 AM. Tip: Arrive early on auction day to inspect the items thoroughly and clarify any queries with the auction committee before bidding.