Disposal Notice On Sale Of Vehicle
Ref: BU/TPT/DISPOSE OFF 22 January 2020
Bahria University invites sealed bids for the disposal of under mentioned vehicle on ‘as is where is basis’:
| Vehicle Reg. No | Type of Vehicle | Model |
| AKD-779 | Toyota / Land Cruiser- 2700 CC (Prado) | 2014 (Imported & registered in 2018) |
- Click to download: VEHICLE BID SUBMISSION PERFORMA
Terms & Conditions
| 1. | Vehicle can be inspected from 3 to 7 Feb, 2020 between 1000 to 1600 hours at Bahria University Islamabad. |
| 2. | Bidders must bring their original CNIC and provide complete address / telephone numbers and attested copy of CNIC along with their bid. |
| 3. | Sealed bid is to be submitted clearly mentioning the bid amount for the vehicle (in word & figures) and detail of the pay order for bid security attached with the bid. The bid will have to be submitted exclusive of all applicable taxes. Conditional and incomplete bid will be considered non-responsive. |
| 4. | Bid Security i.e. 10 % of the bid in shape of pay order/ DD in the name of Bahria University shall have to be attached by the prospective bidders for participation in the bidding otherwise bid will not be considered. |
| 5. | Successful bidder will have to deposit remaining amount within 05 days. In case of default, earnest money will be forfeited. Transfer of ownership documents would be the responsibility of successful bidder. |
| 6. | DD/ pay order of unsuccessful bidder will be returned after successful completion of auction. |
| 7. | Sealed bids may be dropped at the drop box placed at the gate of Bahria University latest by 11:00 A.M on 10 February 2020. Bids will be opened at 1130 A.M on same day. A maximum of two representatives will be allowed to attend the bid opening. |
| 8. | No bid shall be acceptable / entertained after 11:00 A.M. |
| 9. | The University reserves the right to hold the vehicle over until the next auction if an acceptable bid is not offered. In case of identification of collusion among bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive Bahria University Islamabad of the benefits of free and open competition, would lead to rejection of all bids and forfeiture of bid security. |
| 10.
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The Bahria University is held harmless from any and all claims and losses, accruing from or resulting to any and all bidders, materials, laborers and any other persons, in connection with the performance of this public auction. |
| 11. | The university has the right to accept / reject or cancel any or all bids in accordance with rule 33 of PPRA Rules. This ad is also available on PPRA website. Non-responsive bid shall be rejected. |
| 12. | All Government taxes will be applicable and recovered as per rules/ law from the successful bidder. Documents of the vehicle will be delivered after complete payment only. |
President Vehicle Auction Committee
Bahria University Islamabad
Phone No.051-9260002 Extn.270