Disposal of Salvage Company Maintained Vehicles

Adamjee Insurance Company Limited Lahore invites sealed bids for the disposal of 21 salvage vehicles on an AS IS WHERE IS basis. The vehicles can be inspected between 9:00 a.m. and 5:00 p.m. at 1-A Gulberg Lahore. Items being procured: - Honda GMM16 Turbo (3 vehicles) - Hyundai Elentra (1 vehicle) - Toyota Yaris (1 vehicle) - Honda City (2 vehicles) - Suzuki Mehran (1 vehicle) - MG HS Essence 1.5 (1 vehicle) - Honda BRV (1 vehicle) - Toyota Corolla (5 vehicles) - Honda Civic (1 vehicle) - Daihatsu Mira (1 vehicle) - Suzuki Alto (4 vehicles) This tender involves the sale of salvage vehicles maintained by the company. The vehicles are offered on an as-is basis, meaning bidders should carefully inspect the condition before submitting their bids. A token money of Rs. 40,000 is required as earnest money, refundable only if the bid is unsuccessful. The token money will be adjusted in the sale price but will be confiscated if payment is not made by the stipulated date. All participants must examine the vehicles’ file documents before bidding. Overwriting or cutting on the bid will lead to rejection. The successful bidder must complete payment through pay order and receive vehicle documents before taking delivery. All transfer charges, taxes, and duties are the buyer’s responsibility. Additional taxes such as 10% filer and 20% non-filer withholding tax apply. Capital Value Tax (CVT) at 1% applies except for vehicles with engine displacement of 1300 CC or below. This tender is issued by Adamjee Insurance Company Limited based in Lahore, Punjab. The closing date for submission is **17-07-2023**. Bidders should ensure timely submission of bids to avoid disqualification. The inspection opportunity and clear understanding of vehicle conditions are crucial for preparing competitive bids. A practical tip for bidders is to visit the inspection site early and verify all vehicle documents thoroughly to avoid surprises during the transfer process. This will help ensure a smooth transaction and avoid forfeiture of token money.