Disposal of Unserviceable Material through E-Bids by IESCO

IESCO Head Quarters in Islamabad invites sealed electronic bids for the disposal of unserviceable store material under Tender No. 60. This is a competitive e-bidding process for the sale of surplus and unserviceable assets on an as-is-where-is basis. The Chief Engineer (Material Management) administers the tender process, and the CEO IESCO Islamabad holds final authority to accept or reject any bid or cancel the tender entirely without assigning reasons. The disposal covers multiple lots of material to be offered by IESCO across its operational areas in the Federal Territory.

Eligible bidders must submit sealed earnest money or bid security in the form of a bank guarantee or CDR from a scheduled bank of Pakistan (A+ rating or above) valid for 120 days, made payable to the Chief Executive Officer IESCO Islamabad. The earnest money must be in the bidder's own name; deposits in other names will result in bid rejection. Bids lacking the required earnest money security will be summarily rejected. Bidders must confirm they are not blacklisted by NGC, WAPDA, DISCOs, GENCOs or any government department or organization, and must comply with PPRA Disposal Regulations 2024 as amended.

Full payment of the accepted bid price must be made unconditionally within ten working days of the Letter of Acceptance, failing which earnest money is forfeited with no claims against IESCO. Upon payment, a Release Order is issued authorizing material removal from the site within fifteen working days; thereafter rental charges of one percent per day on the total material value accrue until all material is removed. Bidders must conduct their own inspection and bear all weighment, counting and loading costs. Taxes including 18% GST and 10% income tax are additional to the quoted price. The bid remains valid for 120 days from opening. Time extensions are considered only under Force Majeure circumstances defined in the document. Bidders should submit bids before the advertised closing date and time in sealed form as per the bidding documents provided.

IESCO is disposing of unserviceable store material through competitive sealed e-bids. This is a one-time asset recovery exercise covering multiple lots of surplus/damaged equipment across an electricity utility's operations. Bidders must provide bank guarantees (minimum A+ rated), pay within ten days of award, and remove material within fifteen days or face daily rental penalties at one percent of total value. Typical buyers include scrap dealers, material recyclers, and equipment restoration firms. The tight post-award timeline and penalty structure suggest IESCO prioritizes rapid site clearance.

Who can bid: Bidders must be registered with SECP (if corporate) or obtain NTN from FBR. No blacklisting by NGC, WAPDA, DISCOs, GENCOs or government organizations is permitted. Earnest money must be from a scheduled Pakistani bank rated A+ or above. Typically, scrap dealers and material trading firms require business registration and tax clearance. Foreign companies must be registered in Pakistan. The undertaking must be on Rs. 100 judicial stamp paper.