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AUCTION: Jubilee Life Insurance Company Vehicles Sale (Suzuki, Honda, Toyota, Isuzu) at Rawalpindi, Islamabad, Karachi

Expired Tender
Closing Date:
2024-06-28

Tender Document

Tender Document

Tender Description

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Jubilee Life Insurance Company Limited is offering its company vehicles for sale through open auction at its offices in Rawalpindi, Islamabad, and Karachi. Interested buyers are invited to participate in the auction process for a range of used vehicles, including Suzuki, Honda, Toyota, and Isuzu models. The auction will be conducted on the specified dates and locations, and all vehicles will be available for inspection prior to bidding. Items being auctioned: - Rawalpindi: Suzuki (17 units) - Rawalpindi: Honda (1 unit) - Rawalpindi: Toyota (11 units) - Islamabad: Suzuki (1 unit) - Karachi: Suzuki (4 units) - Karachi: Isuzu (2 units) All vehicles are being sold on an as-is-where-is basis. Bidders are required to submit a pay order or demand draft equivalent to 10 percent of the bid amount as earnest money, which will be adjusted against the final payment for successful bidders. The auction is open to all interested parties, and vehicles can be inspected at the respective office locations during working hours up to the auction date. The highest bid will be considered for approval, and the company reserves the right to accept or reject any bid without assigning any reason. Bids must be submitted by 28 June 2026, 4:00 PM at the relevant office. For Rawalpindi, submit at 2nd and 1st Floor, DD-79, Satellite Town; for Islamabad, at 3rd Floor, 56-A, Blue Area; and for Karachi, at 32/C, Block 6, P.E.C.H.S. A practical tip: Visit the vehicle inspection site early to thoroughly check the condition and documentation of your preferred lot, as this can help you make a more informed bid and avoid surprises after purchase.
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