License Agreement for Demised Premises at Pakistan Steel Mills

This tender concerns the license agreement for demised premises at Pakistan Steel Mills, focusing on the maintenance and use of the premises under strict terms. The agreement involves a 36-month renewable license with monthly fees and performance security deposit requirements. The licensee will be responsible for maintaining the premises, including structural repairs, plumbing, drainage, electrical installations, and lawn care. The premises must not be demolished or altered without prior written consent. Utilities must be arranged separately with providers, and all bills paid directly by the licensee. The licensee must also ensure compliance with all government taxes and maintain the premises in good order. For compliance, the licensee should be NTN and tax-registered, with a clear understanding of the financial obligations including Earnest Money and Call Deposit Receipt (CDR) as performance security. The agreement requires adherence to government stamp duty regulations on non-judicial stamp paper. It is advisable to verify the FBR/ATL status and ensure all documentation aligns with the 2025-26 fiscal year requirements. The submission deadline is set for **2024-07-04 23:59:59**. Bids or applications should be submitted in sealed hard copy form to the Township Department, Pakistan Steel Mills. The opening of bids will follow the closing date at the designated office. Pro-Tip: Make sure to check the newspaper advertisement for specific stamp duty requirements and ensure the license agreement is executed on the correct non-judicial stamp paper value, as this is a common oversight that can delay the process.