Auction of Various Furniture and Fixed Assets

Utility Stores Corporation of Pakistan (Pvt) Ltd is conducting an auction for various furniture and fixed assets on an 'As it is, where it is' basis. This auction is managed by the Utility Stores Corporation of Pakistan (Pvt) Ltd located in Lahore, Punjab. The items being auctioned include various kinds of furniture and fixed assets. Specific item list not provided in the notice. The auction process requires participants to submit earnest money in the form of Demand Draft or Pay Order as security deposit before 04:30 PM on 24-07-2026 at the Zonal Office, Scheme More, Multan Road, Lahore. The auction will be conducted through EPADS 2.0 platform from 12-07-2026 until 09:00 AM on 27-07-2026, with the open auction starting at 11:00 AM on 27-07-2026. Bidders are encouraged to visit the site to inspect the condition of the items before bidding. Eligibility criteria include Pakistani nationals with CNIC, NTN, and GST registration, excluding government defaulters or employees. Companies may participate through authorized representatives. All government taxes are included in the reserve price. The highest bidder will be required to pay 100% of the quoted amount based on actual quantities at the time of lifting the items. The auction disposal committee reserves the right to accept or reject any bid or postpone the auction without prior notice. The successful bidder is responsible for collection and lifting of items from designated locations as per EPADS schedule. Any disputes will be resolved by the Managing Director of USC as the sole arbitrator. This auction offers a practical opportunity for suppliers and dealers in furniture and fixed assets to acquire items at competitive prices. A useful tip for bidders is to thoroughly inspect the items on site before bidding to avoid surprises regarding condition or quantity. Ensure all earnest money and documentation are submitted timely to avoid disqualification. The submission deadline for earnest money is a critical date to remember for participation.