Honda Civic Vehicles for Auction by Bank of Punjab Transport Department

The Bank of Punjab Transport Department is inviting sealed bids for the auction and sale of seven used Honda Civic vehicles on an as-is-where-is basis. The vehicles comprise three units from model year 2020 and four units from model year 2022, registered under registration numbers BSJ-491, BSL-306, AKF-026, AJX-769, AJX-842, AJX-974, and AMT-669. This procurement is being conducted through the Administrative Support Group in Punjab province. The reserve price for the vehicles will be determined and announced on the auction date, with the sale intended to generate revenue for the bank. Interested bidders must submit bids in sealed envelopes on plain paper, accompanied by an affidavit and 10% security deposit in the form of a SBP deposit in the name of Bank of Punjab. Bids will be opened on the auction date commencing at 02:45 PM at the bank's head office. The auction process follows standard procedures with separate bid envelopes required for each vehicle to ensure transparent and competitive bidding among interested parties.

Seven used Honda Civic vehicles (2020-2022 models) are being auctioned by Bank of Punjab through sealed bid process. This is a one-time asset liquidation with mandatory 10% security deposit required upfront. Vehicles are sold as-is; winning bidders must complete transfer formalities within seven working days. Competitive bidding likely given reasonable condition of 2-year-old vehicles. Standard banking auction procedures apply with minimal documentation burden compared to construction procurement.

Who can bid: No specific eligibility restrictions stated in the notice. Typically, any individual or entity can participate in bank vehicle auctions provided they submit the required 10% security deposit as SBP deposit, complete the affidavit, and comply with vehicle transfer regulations applicable in Punjab province.