Public Auction – Surplus, Scrapped & Unserviceable Items | Sahiwal Medical College & Allied Institutions

Issuer: Principal / Chief Executive, Sahiwal Medical College & Allied Institutions, Sahiwal. Public auction for surplus, scrapped, unserviceable goods, machinery & equipment, spare parts, stores and miscellaneous items located at various offices of Sahiwal Medical College and Allied Institutions shall be held on the notified dates below. Physical inspection of items is available 09:00 AM to 03:00 PM in the respective offices.

Auction logistics: Auctions will be held as per the notified schedule. Interested firms and persons may inspect items during inspection hours and participate on the published dates. Participants must bring original CNIC (and authority letter if representing a firm).

Key terms & conditions:

• Eligibility: All citizens and firms of Pakistan (including employees of health department and their relatives) are eligible to participate.
• Security deposit & ID: Participants must deposit Rs. 30,000/- as security and submit a copy of CNIC by 10:00 AM on the auction day.
• Successful bid deposit: The highest bidder will be declared successful and must immediately pay 25% of the auctioned amount on spot.
• Taxes & duties: Successful bidder shall pay income tax at 10% (filers) or 20% (non-filers) and GST at 18% (filers) or 22% (non-filers). Revised rates by Govt. of Punjab will apply if changed.
• Collection timeline: Acquired goods must be lifted within five (05) days of the auction from the relevant office; failure to do so will result in forfeiture of deposits and award to the second-highest bidder.
• Liability: Participants are responsible for any damage to property or buildings during upliftment and must bear associated costs.
• Identification: All participants must present original CNIC; firms must provide an authority letter for their representative.
• Other: Government of the Punjab rules apply. The Auction Committee reserves the right to cancel any auction without entitling participants to challenge the cancellation in court.

How to participate: Inspect items during listed hours, bring CNIC and Rs. 30,000/- security deposit to the auction site on the applicable date. Auctions will start at the times announced in the notice. For further details contact Sahiwal Medical College & Allied Institutions, Sahiwal.