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Auction Closed

Auction of Collection Rights by IPL-10881

Auction date 27 Oct 2026, 11:00 Closed
Auction starts27 Oct 2026, 12:30
Reserve / estimated valueRs 4,330,000
Earnest moneyRs 750,000
MethodOpen competitive bidding
Newspaper clipping of the notice: Auction of Collection Rights by IPL-10881
The notice as printed in Express, 16 Oct 2026. The clipping is the authoritative text. View full size

Auction details

The Medical Superintendent, District Headquarters Hospital Bhakkar, invites participation in the public auction of the hospital parking stand collection rights for financial year 2026-27. The reserve price is Rs. 4,330,000, and the required earnest money is Rs. 750,000. The contract period runs from 1 November 2026 to 30 June 2027.

The auction will take place on 26 October 2026 at 12:30 PM in the office of the Medical Superintendent. Applications to participate must reach the office by 11:00 AM on 23 October 2026. If the auction is unsuccessful on 26 October, it will be held on 27 October 2026. If it is again unsuccessful, a further auction will take place on 28 October 2026.

Participants must not be government defaulters. Before participating, they must provide a copy of their national identity card, their mobile telephone number and a non-blacklisting certificate on stamp paper valued at Rs. 100. The registration requirements include the relevant tax registration certificate for 2026-27, an NTN filer certificate for 2025-26 and registration with the Punjab Revenue Authority. The required documents and earnest money must be submitted for participation in the auction.

The auction and the collection contract will be governed by the Auction of Collection Rights Rules, 2016. Parking charges are Rs. 10 for a motorcycle and Rs. 20 for a car, with charges doubled after 12 hours. The contractor must observe the hospital's conditions governing parking operations and collection of charges throughout the contract period.

Earnest money deposited by unsuccessful participants will be returned, while the successful bidder's security will remain with the hospital for the contract period. The contractor will be responsible for applicable government taxes and must comply with the conditions imposed by the Government of Punjab and the hospital administration.

The auction committee retains the authority to reject or cancel the auction under the applicable rules. Any extension of the contract will be subject to the committee's decision and the relevant conditions. Applications and participation documents are to be submitted to the office of the Medical Superintendent, District Headquarters Hospital Bhakkar.

Published in

Listed from a public newspaper advertisement. Verify dates, fees and submission requirements with IPL-10881 before bidding. Listing PT-140.

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Newspaper clipping of the notice: Auction of Collection Rights by IPL-10881
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