Disposal of Unserviceable Store Material by IESCO Islamabad

This tender invites bids for the disposal of unserviceable store material located in Islamabad under the supervision of Islamabad Electric Supply Company (IESCO). The procurement falls under the Security & Safety Equipment category, focusing on the sale of scrap and unusable items from the department's inventory. The disposal process requires bidders to submit sealed bids along with earnest money in the form of Call Deposit Receipt (CDR) or bank guarantee from a scheduled bank rated A+ or above. The materials are sold on an 'as is where is' basis, and bidders must inspect the items before submitting offers. The site is in Islamabad, and bidders should be prepared for the logistics of removal within 21 working days after receiving the release order. Rental charges apply for delays beyond this period. Bidders must ensure compliance with PEC registration and maintain an active FBR ATL status for the fiscal year 2025-26. Earnest money must be in the bidder's name, and failure to provide it will result in rejection. Taxes including 18% GST and 10% income tax are applicable on the bid price. The tender validity is 120 days, and the disposal committee reserves the right to accept or reject any bid without assigning reasons. The submission deadline is set for 23:59:59 on the closing date, with bid opening at the Material Management Directorate, IESCO Headquarters, Islamabad. Bidders should submit sealed bids before the deadline to the specified office address. Pro-Tip: Make sure to verify the exact stamp duty and earnest money requirements as per the newspaper advertisement, as these are commonly overlooked and can lead to disqualification.