Contract for 3-Year Lease of Rights and Revenues at Nishan Manzil Park

The Constituency Board Gujranwala invites bids for a 3-year lease contract for the rights and revenues of Nishan Manzil Park. This contract covers the collection of rights and revenues for a period of three years starting from the date of agreement. The lease includes the full management and collection rights of the park's revenues. Items being leased: - Rights and revenues of Nishan Manzil Park for 3 years The successful bidder will be responsible for collecting the revenues and submitting the agreed share to the Constituency Board. The bidder must have a valid National Tax Number and Computerized National Identity Card. The lease payment will be made in four installments, with 1/4 due upon signing and the remaining installments as per schedule. Failure to pay the first installment on time will result in cancellation of the contract and forfeiture of the deposit. The lease agreement will be valid for 15 days after approval notification, during which the successful bidder must complete the payment. An annual compound interest of 10% will be charged on late payments. Sub-letting of the lease rights is prohibited. The Constituency Board reserves the right to reject any bid without assigning reasons. Bidders are advised to carefully review the terms and conditions and ensure timely submission of bids. The contract offers a valuable opportunity for revenue generation in Gujranwala. Interested parties should prepare their bids with all required documentation and earnest money to avoid disqualification. The submission deadline is 12 November 2026. Bids should be submitted to the Constituency Board Gujranwala office. For best results, bidders should verify all documents and ensure compliance with PPRA Rules 2004 under clause 33 for technical and administrative requirements.