Recovery of Loans from Defaulters with Details of Gold and Jewelry

The Credit Operations Department of the Punjab Employees Social Security Institution in Lahore is undertaking a recovery process for outstanding loans from defaulters. This procurement involves detailed records of gold and jewelry items pledged as security against these loans. The items include various quantities of necklaces, rings, tops, and earrings, with specific weights and locations noted for each defaulter. The scope of this service requires careful verification and documentation of pledged assets such as gold rings, necklaces, and other jewelry items. The department seeks to ensure proper recovery procedures are followed in accordance with institutional policies. This process is critical for maintaining financial discipline and recovering dues effectively within the Punjab region. Eligible bidders should have relevant experience in loan recovery or asset management services, with valid FBR registration and ATL compliance. While no explicit PEC category is mentioned, firms with a background in financial recovery or legal services related to asset repossession will be preferred. The tender emphasizes the importance of submitting a complete technical bid along with earnest money or CDR as per the financial year requirements. The submission deadline is set for 14th June 2024 at 23:59:59. Interested parties must submit their bids to the Credit Operations Department office located at 159-B/M Quaid-e-Azam Industrial Area, Lahore. For any clarifications, bidders can contact the department via the provided phone number. A practical tip for bidders is to ensure all documentation related to the pledged assets is meticulously prepared and verified before submission. This will facilitate smoother technical evaluation and reduce the risk of disqualification due to incomplete or inaccurate information.