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 IESCO'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. 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. The tender emphasizes compliance with government tax regulations, including 18% GST and 10% income tax applicable on the bid price. Bidders should ensure they meet the PEC category requirements relevant to disposal contracts and maintain an active FBR ATL status for the fiscal year 2025-26. The tender advises verifying all documentation, including Earnest Money validity for 120 days and adherence to the force majeure clause for possible time extensions. Submission deadline is set for 23:59:59 on the closing date, with bid opening at the Material Management Directorate, IESCO Headquarters, Islamabad. Bidders must submit sealed bids in original form before the deadline to be considered. Pro-Tip: Carefully check the newspaper advertisement for specific stamp duty and Earnest Money submission details, as these are common pitfalls that can lead to bid rejection. Also, ensure the CDR is in the bidder's name to avoid disqualification.