LEASE: Canteen Lease Rights at Government Degree College for Women Okara

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Government Degree College for Women Okara is inviting sealed bids for the lease rights of its college canteen and the cycle/motorcycle stand for the academic year 2026-2027. The annual reserve price for the canteen lease is set at Rs. 1,790,500, while the reserve price for the cycle/motorcycle stand lease is Rs. 90,000. The auction will be held on 30-09-2026 at 8:00 AM at the college premises. Interested parties are encouraged to participate in this open auction process to secure the lease rights for these facilities. Items being auctioned: - Canteen lease rights (annual reserve price: Rs. 1,790,500) - Cycle/motorcycle stand lease rights (annual reserve price: Rs. 90,000) The successful bidder will be required to comply with all relevant rules and regulations, including the Punjab Government's 2016 policy for such contracts. Bidders must deposit a refundable earnest money of Rs. 2,500 in cash prior to the auction date. The auction committee reserves the right to accept or reject any bid without assigning any reason. All interested parties must ensure their presence at the college on the auction date and time, along with their original CNIC and earnest money receipt. The last date for submission of earnest money and registration is 29-09-2026. For further details, bidders may contact the college office during working hours. A practical tip: Arrive early on the auction day to complete registration and review the facilities before bidding, as this can give you a competitive edge in the auction process.