Pakistan - National Transmission and Despatch Company, Lahore OPEN AUCTION NOTICE NO 01/2025 Empty Steel cum Wooden reel frame for Drake Conductor

Description

NTDC XEN (S&I) EHV-I OPEN AUCTION NOTICE NO 01/2025
Open Public auction for the disposal of under mentioned material on ?AS IS? ?WHERE IS basis will be held on the date, timing and location as given below:-
Auction No.01/2025
Time & Date: 11:30AM 06.02.2025
Description of Material/Lots
Empty Steel cum Wooden reel frame for Drake Conductor (Broken/Scrap)730 Nos
Empty Steel cum Wooden reel frame for Shield Wire (Broken/Scrap)35 Nos
Empty Steel cum Wooden Reel frame for OPGW Shield Wire (Broken/Scrap) 33 Nos
Location of Store & Place of Auction
M/s China Electric Power Equipment and Technology Co. Store at 500KV Grid Station Nokhar
Terms & Conditions:
1.Every auctioneer intending to participate in the auction proceedings will have to deposit a lump sum refundable security of Rs. 1,000,000/- (Rupees One Million Only) in the form of CDR in favour of Project Director (EHV) NTDC Lahore before the start of auction process which will be adjusted in the 25% earnest money in case of successful auctioneer and returned to the unsuccessful auctioneers on the same day except the auctioneers placed at 2nd and 3rd number in the auction process. The CDRs of the 2nd and 3rd number auctioneer will be retained till the deposit of balance 75% by the successful auctioneer.
2.The successful auctioneer shall pay balance of the (25% of Offered Bid amount-1,000,000/- deposited as CDR) in cash of total bid amount on the spot as earnest money and balance amount i.e. 75% along with all the taxes will be deposited within two (02) weeks from the date of acceptance of the bid accordingly.
3.In case of failure of deposit of all the balance amount along with all applicable taxes within due date by the successful auctioneer, the sale of store material in the name of successful auctioneer will stand cancelled and deposited 25% earnest money shall be forfeited. In this case, the sale of store material will be offered to the next highest bidder as per procedure/rules.
4.All the rights to cancel/alter the schedule of auction are reserved. Applicable General Sales Tax and any other taxes including income tax will not be included in the bid price and these will be paid separately by the purchaser on the total bid cost.
5.Material can be seen on any working day before the auction date during the office hours at M/s China Electric Power Equipment and Technology Co. Store at 500KV Grid Station Nokhar (0300-7198207).
EXECUTIVE ENGINEER (EHV-I)
S&I Division NTDC,3-C Model Town, Lahore.
Ph: 042-35852171 /030-4036369

Opportunity closing date

06 February 2025

Value of contract

to be confirmed