AUCTION: Disposal of Unserviceable Vehicles and Scrap at Govt. College of Technology Sahiwal

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Govt. College of Technology Sahiwal is conducting a public auction for the disposal of unserviceable vehicles and scrap items. The auction will take place at the college premises on Walton Road, Sahiwal. Interested parties are invited to participate in the auction process as per the schedule and terms outlined in the notice. Items being auctioned: - 16 unserviceable motorcycles - 1 unserviceable Suzuki vehicle (registration number 747) - Various scrap items (details available at the college) The total reserve price for the auction is Rs. 2904.06. All items are available for inspection at the college premises during working hours prior to the auction date. Bidders are required to submit an earnest money deposit of Rs. 100,000 in the form of Bank Guarantee, CDR, Bankers Cheque, Pay Order, or Bank Draft. The successful bidder must deposit the full bid amount within the stipulated time after the auction. Applicable taxes including GST (18%, 20%, or 22% as per item) and Income Tax (10%) will be charged in addition to the bid amount. The auction will be held on 27-10-2026 at 01:30 PM. Bidders must register before the auction and present their original CNIC. The auction committee reserves the right to accept or reject any bid without assigning any reason. All participants are advised to carefully review the terms and conditions mentioned in the notice. For further details, contact the Principal at the phone number provided below. Tip: Visit the college a few days before the auction to inspect the items in person and clarify any queries regarding the condition or documentation of the vehicles and scrap. This will help you make an informed bid and avoid surprises on auction day.