ISLAMABAD ELECTRIC SUPPLY COMPANY IESCO Head Office, St. No. 40, G-7/4 Islamabad. Tel : 9252922, 9253105 Fax : 9253106 E-mail [email protected] AUCTION NOTICE Open Public Auction for disposal of under mentioned unserviceable material on “AS IS WHERE IS” basis will be held on the date time and venue mentioned below:Survey / Lot No. 1 2 3 4 46 47 49 50 51 52 Lot No. Item Description Venue, date & time of Auction Damaged Defective 10/13 MVA P. T/former (lying at HEC Yard Hattar) Damaged Defective 10/13 MVA P. T/former (lying at Camp Store PD GSC I-10) Damaged Defective 20/26 MVA P. T/former (Meidenshah) (lying at 132KV GS Cantt Rwp) Damaged Defective 20/26 MVA P. T/former (lying at HEC Hattar) Damaged Defective 10/13 MVA P. T/former (lying at 132 KV GSS Bagwal) Damaged Defective 10/13 MVA P. T/former (lying at 132 KV GSS Jatli) Damaged Defective 30/37 MVA P. T/former (lying at 132 KV GSS Chakwal) Damaged Defective 10/13 MVA P. T/former (lying at 132 KV GSS R.B Mangla) Damaged Defective 10/13 MVA P. T/former (lying at 132 KV GSS Baragawa ) Damaged Defective 15/10/5 MVA P. T/former (lying at 132 KV GSS Mirpur) 132 KV Grid Station I-10 Islamabad 18.11.2014 at 1100 Hrs Item Description Unit Qty 50 Tubular Street Light Pole "A" Type No. 531 51 52 53 54 Tubular Street Light Pole "A" Type Tubular Street Light Pole "B" Type Tubular Street Light Pole "B" Type Tubular Street Light Pole "C" Type No. No. No. No. 532 374 374 98 Venue, date & time of Auction Regional Store IESCO Zero Point Islamabad on 25.11.2014 at 1100 Hrs. TERMS & CONDITIONS 1) Successful bidders shall pay at fall of hammer 25% of the bid amount in shape of pay order or Bank Draft in favour of CEO IESCO Islamabad as earnest money and balance within 14 full working days from the date of issuance of acceptance letter. 2) In the event of the failure of the highest bidder to complete payment within time specified, sales relating to the material will be cancelled and earnest money shall stand forfeited. The buyers will liable to remove the material within 21 days after completion of the sales process and issuance of release order at their own cost. 3) The offer will remain valid for acceptance for 120 days. 4) Advance 17% General Sales Tax and 10 % income Tax or any other tax levied by Govt. during contract of auction, the sale price will be payable at the time of full price of the lot. 5) All rights for acceptance / rejection of offer in the auction reserved with the C.E.O IESCO Islamabad. 6) The material can be inspected at the above place on any working day before auction. Chief Engineer (MM) IESCO Islamabad.
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