Deposit of Earnest Money for Public Procurement Regulatory Authority Guarantee

This notice pertains to the deposit of earnest money for a guarantee related to the Public Procurement Regulatory Authority (PPRA). The transaction was conducted at HBL Bank, West Wharf Branch, Karachi, with a total amount of Rs. 15,000 deposited as earnest money. The deposit slip indicates the following details: - Deposit of earnest money for PPRA guarantee (Rs. 15,000) The earnest money is a mandatory requirement for participation in procurement processes and serves as a financial guarantee for compliance with tender conditions. Bidders are required to submit this amount as part of their bid security to demonstrate their commitment to the procurement process. The deposit was made in PKR currency, and the transaction was processed through cash at the specified branch. The commission for the transaction is included in the total amount, and the depositor's details are recorded for verification purposes. Bidders should ensure that the earnest money is deposited before the submission deadline to avoid disqualification. It is advisable to retain a copy of the deposit slip as proof of payment and to include it with the bid documents. For any queries or clarifications, bidders may contact the branch or the relevant procurement authority. Timely submission of earnest money enhances the credibility of the bid and ensures compliance with procurement regulations.