Procurement of Gold Ornaments for Loan Collateral

The Karachi Operations Department of the Punjab Employees Social Security Institution is procuring various gold ornaments to be used as collateral for loans. This procurement is specifically for the Karachi office, Sindh. The items include lockets, chains, rings, ganis, malas, and karays in different quantities and weights as detailed in the tender notice. These gold items will serve as security against loans provided to eligible borrowers. The technical scope involves supplying high-quality gold ornaments matching the specifications such as weight and design as per the tender list. The procurement requires careful attention to the purity and authenticity of the gold items to meet institutional standards. Suppliers must ensure timely delivery and compliance with the required standards. Eligible bidders should be registered with the Federal Board of Revenue (FBR) and appear on the Active Taxpayers List (ATL). Experience in supplying gold or precious metal items to government or semi-government institutions will be advantageous. Earnest Money Deposit (EMD) or Call Deposit Receipt (CDR) must be submitted as per the tender requirements. The tender is open to all qualified suppliers who can meet the technical and financial criteria. The submission deadline is the 30th of June 2024 by 23:59:59. Bidders should submit their technical and financial bids to the Karachi Operations Department office located at 159-B/M Quaid-e-Azam Industrial Area, Lahore Road, near Chungi No. 4, Lahore. For any clarifications, the contact number 021-111-003-737 is provided. A practical tip for bidders is to ensure that all documentation, including FBR registration and CDR, is complete and properly attested before submission. Incomplete bids or missing documents may lead to disqualification. Also, carefully verify the weight and type of gold items offered to avoid any discrepancies during evaluation.