Mitsubishi Van Auction by University of the Punjab

The University of the Punjab, through its Office of the Treasurer and Stock Verification Section, invites sealed bids for the auction of a Mitsubishi Van (Model 2005, Vehicle No. LZR-1838) on an as-is-where-is basis. The vehicle is available for inspection during office hours through the Stock Verifier at the University of the Punjab, Lahore. This auction represents a one-time disposal of university assets and interested bidders are invited to participate in the competitive bidding process. The vehicle comes with its original Registration Book as supporting documentation. The auction will be conducted in accordance with established procurement procedures and all bidders must comply with the specified terms and conditions. Eligible participants should be aware that the successful bidder will be responsible for all costs associated with lifting and transporting the vehicle, including labour charges, carriage fees, and applicable taxes. Bidders are required to submit tenders with a photocopy of their computerized National Identity Card, clearly displaying their complete address on the tender envelope. Tender forms are available for purchase at Rs. 200 from the Stock Verification Section, Accounts Branch, Room No. 136-A, Quaid-e-Azam Campus, University of the Punjab, Lahore. A bid security or bank guarantee in the amount of Rs. 35,000 must be submitted along with each tender. The deadline for tender submission is 19 August 2026 at 11:00 a.m., with opening scheduled for 11:30 a.m. on the same date at the Committee Room, Accounts Branch, Admin Block, Quaid-e-Azam Campus. The Main Auction Committee reserves the right to cancel all tenders without assigning reasons or to opt for open bidding if deemed appropriate.

The University of the Punjab is auctioning a 2005 Mitsubishi Van in running condition with full registration documents. This is a straightforward asset disposal with modest competition expected. Bidders must arrange pickup and transport at their own cost. The Rs. 35,000 security deposit is non-refundable if the winning bid is not lifted within the stipulated period, creating moderate financial risk. The tender form cost and documentation requirements are minimal, making entry accessible to small operators. Competition will likely centre on local transport and logistics firms.

Who can bid: The notice does not explicitly state registration requirements. Typically, for vehicle auctions in Pakistan, bidders must possess a valid National Identity Card and provide proof of address. Pakistani nationals and registered business entities are usually eligible. No specific tax or trade license requirements are mentioned in this notice.