Prequalification of Real Estate Agency Firms for NICL Buildings Karachi and Islamabad

The National Insurance Company Limited (NICL) invites applications for the Prequalification of Real Estate Agency Firms to provide brokerage and property management services for NICL Buildings located in Karachi and Islamabad. This open framework agreement aims to establish a panel of qualified real estate agencies to assist NICL in onboarding new tenants for its premises. The properties include NICL Building Karachi and NICL Building Islamabad, each with one unit available for leasing.\n\nItems being procured:\n- Prequalification of Real Estate Agency Firms for NICL Building Karachi\n- Prequalification of Real Estate Agency Firms for NICL Building Islamabad\n\nThe scope of work includes leasing property at competitive market rates, conducting on-site facility tours with prospective corporate tenants, bridging communication between NICL and potential tenants, tenant screening and due diligence, facilitating negotiations, drafting tenancy and lease agreements, and other property management tasks as required by NICL. The real estate agents must identify potential tenants within one month of vacancy notification and ensure timely completion of all formalities.\n\nEligibility criteria require firms to have at least five years of experience, valid registration with FBR and provincial tax authorities, office presence in Karachi or Islamabad/Rawalpindi, no blacklisting or bankruptcy record, and valid police character certificates. The commission structure is fixed at one month's rent per successful lease, payable after tenant onboarding with no retainer or upfront fees. The framework agreement is non-exclusive, and assignments will be allocated based on the highest rental offer shared by the agencies.\n\nApplications must be submitted electronically through the EPADS v2.0 portal by 25th September 2026 at 11:00 AM. Bidders are advised to carefully review the prequalification documents and ensure compliance with all requirements. Registration on EPADS is mandatory for submission. This opportunity is ideal for established real estate agencies with proven experience in property management and leasing in Karachi or Islamabad. Timely and complete submissions increase chances of prequalification and participation in subsequent bidding processes.