Pakistan >> CAB International, Regional Bioscience Center >> Rawalpindi

Auction of Vehicle

CAB International, Regional Bioscience Center
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End Date: 22 Oct, 2018

Location :Rawalpindi
Country :Pakistan
Positions :1
Post Type:Job
Start Date :12 Oct, 2018

CAB International (Regional Bioscience Centre) invites sealed bids, from interested parties for sale of its vehicle RIW-6490 Toyota Hilux, Pickup, Model 1998, 2500 CC in Red Color, which is in good running condition,

2. The Bid Form & detailed Terms & Conditions  are (attached and can download) forms can also be obtained from CABI Office Opposite 1-A, Data Gunj Baksh Road, Satellite Town, Rawalpindi

3. The vehicle can be inspected at CABI premises on 17 October, 2018 from 10:30 a.m. to 12:30 p.m. The Sealed Bids will be received latest by 22 October, 2018 till 4:30 p.m., and will be opened on 23 October 2018 11:30 a.m., in the CABI premises in the presence of bidders or their authorized representatives who may be present

4. CABI reserves the right in its sole discretion to accept or reject any bid or all bids without justifying any reasons thereof before accepting any bids.

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General Terms and Conditions:

  1. The Vehicle will be sold on “as is where is” basis.
  2. The bidder will be required to submit a Pay Order for an amount equal to 2% of the total value of bid as earnest money in the form of Pay Order in favour of CAB International, Rawalpindi Pakistan.
  3. Any bid without earnest money or with any condition shall be rejected.
  4. The successful bidder will be required to pay an amount equal to 25% the bid money in cash or through pay order, before the close of the working hours on the next working day. In case of failure to deposit the said amount with CABI, earnest money will be forfeited in favour of CABI.
  5. On acceptance of the bid, the bidder will be required to pay the balance amount within seven (07) days in the form of pay order in favour of CAB International and remove the vehicle immediately at his/her own risk & cost. In case of failure of the successful bidder in depositing the balance amount within prescribe time limit of seven days, his/her earnest money as well as 25% advance shall be forfeited in favour of CABI.
  6. The bids are required to be delivered to the office of the undersigned till 4:30 p.m. on 22 October, 2018. The Committee will open the bids on 23 October 2018 at 11:30 a.m. in the presence of the bidders, or their authorized representatives, who may like to be present.
  7. Interested parties must bring their original valid CNIC with them.
  8. The vehicles will be sold to the highest evaluated bidder.
  9. Once sold, CABI will not be responsible for whatsoever reason.
  10. 10. The 2% earnest money will be refunded to the unsuccessful bidders within five (05) working days of the bidding date.
  11. 11. The CABI employees will also be entitled to participate in the bidding process on same terms & conditions.
  12. CABI reserves the right in its sole discretion to accept or reject any or all bids without justifying any reasons thereof before accepting any bids.

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