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Tender Details
Description / Scope of Work
Earnest Money (Call Deposit): PKR 2,000,000 per lot. It must be submitted before the bidding in the form of a bank call deposit favoring the Cantonment Executive Officer, Sialkot. Cash is not acceptable. (Refundable to all except the first and second highest bidders). Immediate Security Deposit: The successful bidder must deposit $\frac{1}{4}$ ($25\%$) of the bid amount immediately at the conclusion of the auction. Failure to do so will result in the forfeiture of the earnest money.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
Sialkot Cantonment Board is auctioning agricultural land parcels in Punjab with a 19-month timeline to bid closure.
Each lot requires PKR 2M earnest money upfront (bank call deposit only), and winning bidders must immediately deposit 25% of their bid amount or forfeit earnest money. This is a one-off auction of government cantonment land—likely attractive to agribusiness operators or land developers, but cash-flow intensive with strict payment terms and no flexibility on deposit methods.
Who can bid: Typically, bidders must hold valid NTN and be registered with relevant provincial/federal authorities. Pakistani nationals or registered entities appear eligible. The notice does not explicitly state restrictions on foreign bidders, corporate structure requirements, or PEC equivalents. Cantonment Board auctions typically require no prior experience documentation, but bidders must demonstrate financial capacity for earnest money and immediate security deposit.