Disposal of Unserviceable Store Material

The Islamabad Electric Supply Company (IESCO) invites bids for the disposal of unserviceable store material through e-bids. This procurement is specifically for the disposal of various unserviceable items currently held at IESCO Headquarters, Islamabad. The disposal is conducted on an 'as is where is' basis, requiring bidders to inspect the materials beforehand and satisfy themselves regarding the type, quality, and condition of the items. Items being procured: - Unserviceable store material (specific items not listed in the notice) The scope involves the removal and lifting of the unserviceable materials from the site within 21 working days after issuance of the Release Order. All weighment, counting, and loading of the material will be the responsibility of the successful bidder. Payment must be made in full within 21 working days from the date of issuance of the Letter of Acceptance, failing which the earnest money will be forfeited. Rental charges of 1% per day of the total value of disposed material will be charged if the material is not removed within the stipulated time. Eligibility criteria include submission of earnest money in the form of CDR or bank guarantee from a scheduled bank with rating A+ or above, in favor of the Chief Executive Officer IESCO Islamabad. The earnest money must be in the bidder's own name, and bids without the required earnest money will be rejected. Bidders must not be blacklisted by any government department or organization including NGC, WAPDA, DISCOs, or GENCOs. Compliance with PPRA Disposal Regulations is mandatory. The tender validity period is 120 days. Taxes applicable include 18% GST and 10% Income Tax or any other government levies. Extensions of time for payment or lifting may be granted only under force majeure conditions such as acts of state, war, riots, or court injunctions. Bidders should note the importance of submitting earnest money correctly and inspecting the materials thoroughly before bidding. The disposal committee reserves the right to accept or reject any bid without assigning reasons and may extend or cancel the tender process as deemed necessary. This tender is a valuable opportunity for suppliers interested in acquiring unserviceable materials from a major power distribution company in Islamabad. Careful attention to the terms and conditions, especially regarding earnest money and timely removal of materials, will be critical for successful participation.