This auction notice from COMSATS University Islamabad invites interested bidders in Islamabad to participate in the sale of various assets including furniture, electric and office equipment, computer accessories, tyres, and other miscellaneous scrap items. The auction is scheduled for 22nd January 2026 at 12:00 PM, with the venue located at the university's Park Road campus in Tarlai Kalan. The items are offered on an 'as is where is' basis, providing a unique opportunity for buyers to acquire diverse equipment and scrap materials from a reputable educational institution. The auctioned items cover a broad range of categories such as office furnishings, IT hardware, and vehicle parts like tyres. Interested parties can inspect the items on working days from 10:00 AM to 4:00 PM starting 15th January 2026. The site inspection allows bidders to assess the condition and suitability of the assets before submitting their bids. The university's location in Islamabad ensures easy access for local and regional bidders, while the variety of items demands careful evaluation to maximize value. Bidders must comply with the university's terms, including submitting a prescribed proforma available from the Store Section upon payment of a non-refundable Rs. 1,000. A refundable security amount of Rs. 100,000 is required with the sealed bid submission. The auction process includes a strict timeline with bids opening at 12:30 PM on the closing date. Participants should ensure they are not blacklisted by COMSATS University and hold valid CNICs. The successful bidder must pay one-fourth of the bid amount immediately and settle the remainder within seven days, or risk forfeiture of deposits. Tax obligations are the responsibility of the buyer. The submission deadline is **22nd January 2026 at 12:00 PM**, with bid opening at 12:30 PM at the Store Section, 2nd Floor, Faculty Block-2, Park Road, Tarlai Kalan, Islamabad. Bidders should prepare sealed envelopes containing their bids and security deposits, delivered in person to the Store Section before the deadline. This ensures compliance with the auction's procedural requirements and timely participation. Pro-Tip: Make sure to carefully review the auction terms regarding the security deposit refund and payment schedule. Missing the immediate one-fourth payment after winning can lead to forfeiture of all deposits. Also, inspect the items thoroughly during the inspection period to avoid surprises post-purchase.