Disposal of Unserviceable Store Material

The Islamabad Electric Supply Company (IESCO) is inviting bids for the disposal of unserviceable store material located at its headquarters in Islamabad. This procurement opportunity is specifically for the sale of various unserviceable items on an 'as is where is' basis. Interested suppliers and contractors are expected to inspect the materials thoroughly before submitting their offers to ensure full satisfaction regarding the type, quality, and condition of the items. The disposal process requires bidders to submit earnest money in the form of a CDR or bank guarantee from a scheduled bank with an A+ rating or above, valid for 120 days. The earnest money must be in the name of the bidder and submitted before the bid closing time. Failure to provide the required earnest money will result in rejection of the bid. The successful bidder will be required to make full payment within 21 working days from the issuance of the Letter of Acceptance. Removal of the material must be completed within 21 working days of receiving the release order, failing which rental charges of 1% per day of the total value will be applied. Bidders must be registered with the Federal Board of Revenue (FBR) and should not be blacklisted by any government department or organization including NGC, WAPDA, DISCOs, or GENCOs. The tender does not specify a PEC category requirement but emphasizes compliance with government tax regulations including 18% GST and 10% income tax applicable on the bid price. The submission deadline and detailed submission address are not explicitly mentioned in the document. Bidders are advised to carefully review the tender documents and ensure timely submission of their bids along with all required documents. A practical tip for bidders is to conduct a thorough physical inspection of the materials prior to bidding to avoid any disputes or misunderstandings regarding the condition and quantity of the items. This will help in preparing a competitive and realistic financial offer. This tender offers a valuable opportunity for suppliers interested in acquiring unserviceable materials from a major electricity distribution company in Islamabad. The process is governed by strict rules on earnest money, payment timelines, and removal of materials, ensuring transparency and fairness in disposal.