Government College University, Faisalabad intends to auction the following non-useable and irreparable items on “AS IS WHERE IS” basis.The participants can submit their offer / proposals in sealed envelope as per following terms and conditions under prevailing Punjab Auction Rules.
Terms & Conditions
- Auction will be held on 08.09.2021 (Wednesday) at 11:00 A.M, in the Government College University Faisalabad (old campus).
- The bidders are required to submit their proposals in sealed envelope by 10:30A.M. on the auction date.
- Auction Documents can be obtained from the Directorate of Procurement and Inventory Control during official hours.
- Auction documents are also available on GCUF website and PPRA website.
- The willing participants are required to submit Lot wise Earnest Money Security in shape of CDR/Bank Draft/ Bank Guarantee in favour of “Treasurer Government College University Faisalabad” in sealed envelope. The participants who wish to participate in all lots can submit combined Bid Security in single Draft.
- Earnest money shall be refundable to the un-successful bidders.
- Withholding tax @10% (Filer) and 20% (Non-Filer) will be charged in addition to bid price.
- Successful bidders will have to deposit 1/4th or 25% of the total bid amounts on the same day.
- Successful bidders will have to pick the auctioned items within stipulated time period, failing which their offer(s) will be cancelled and earnest money will be forfeited.
- The above items can be inspected during the office hours.
- The successful bidder for (Lot No.02 Item No.02) Solved Answer Sheets will be legally bound to sale the solved answer sheets directly to Paper Mill and will an affidavit on stamp paper to the University in this regard, otherwise, earnest money will be forfeited.
- GCUF employees including their blood relatives are not eligible to participate in this auction.
Convener Auction Committee
Government College University,
Allama Iqbal Road, Faisalabad. Phone: 041-9201468