Procurement of Gold Bullion for LOLC Microfinance Bank

LOLC Microfinance Bank is procuring gold bullion from various suppliers to meet its operational requirements. The procurement involves specific quantities of gold in different forms and weights, as detailed in the tender notice. This procurement is crucial for the bank’s bullion management and trading activities. Items being procured: - 4.5 grams of gold in the form of a bank number 33100-0599204-9 - 9 grams of gold in the form of a dagger, bank number 34601-5641359-3 - 23.85 grams of gold in the form of a medium-sized gold bar, bank number 34202-2060919-3 - 19 grams of gold in the form of a Murwan, bank number 16101-6606975-3 - 62.3 grams of gold in the form of a Murwan, bank number 16101-7354353-0 - 11.5 grams of gold in the form of a Murwan, bank number 16101-7367129-5 - 20.1 grams of gold in the form of a Saikot, bank number 34603-9540280-7 The technical scope includes the supply of gold bullion in specified weights and forms, ensuring purity and authenticity as per banking standards. The procurement is managed by LOLC Microfinance Bank, which requires compliance with all regulatory and quality standards for precious metals. Eligible bidders should have valid FBR registration and relevant experience in supplying precious metals or bullion to financial institutions. Earnest Money and CDR submission will be required as per bank policy. The tender submission deadline is strictly by 1:00 PM, seven days after the publication date. Bidders are advised to carefully prepare their technical and financial bids, ensuring all documentation is complete and compliant with the bank’s requirements. Timely submission at the designated office is critical to avoid disqualification. A practical tip for bidders: Verify the exact weight and form specifications of the gold bullion before submission and ensure all certifications of purity accompany the bid to meet the bank’s stringent quality checks.