Auction of Used Vehicles by COMSATS University Islamabad

COMSATS University Islamabad Principal Seat is conducting an open auction for the sale of its used vehicles located in Islamabad. This auction invites interested bidders to participate online via EPADS Version 2.0, ensuring a transparent and efficient process. The vehicles include various models such as Corolla GLI and XLI, Cultus, Mehran, and Bolan, with reserved prices ranging from PKR 200,000 to PKR 3,500,000. The auction is held on an as-is and where-is basis, meaning bidders should inspect vehicles physically at the university premises before bidding. Vehicle inspection is available from April 27, 2026 to May 06, 2026, between 11:00 AM and 4:00 PM. Bidders must submit separate Demand Drafts or Pay Orders as Bid Security for each vehicle in favor of COMSATS University Islamabad. Cash payments are not accepted. The original Bid Security must be physically delivered to the Treasurer Department before the closing date and time. The highest bidder is required to deposit 25% of the bid amount within two days and the remaining 75% within seven days. Failure to comply will result in forfeiture of the Bid Security and disqualification from future auctions for up to three years. Eligibility requires a valid Pakistan CNIC, which serves as the NTN for registration on EPADS. No physical bids will be accepted. The auction process is fully online, and bidders are advised to register early on EPADS. The auction rules strictly prohibit any phone or WhatsApp calls for inquiries. The submission deadline is **May 6, 2026**, and all bid securities must reach the Treasurer Department, 3rd Floor, Faculty Block-2, COMSATS University Islamabad. A practical tip for bidders is to ensure timely physical delivery of Bid Security instruments to avoid disqualification due to postal or courier delays. This auction offers a valuable opportunity for suppliers and vehicle dealers to acquire government-owned vehicles at competitive prices under clear PPRA rules.