Auction of Unserviceable Biomedical Equipment, Machinery and Debris by Punjab Institute of Cardiology Lahore

Punjab Institute of Cardiology Lahore will auction unserviceable items, including biomedical equipment, machinery, debris and other surplus material, on an as-is, where-is basis. The auction will take place on 22 November 2026 at 11:00 AM at the institute.

Interested participants must deposit Rs. 100,000 in cash as refundable security with the auction committee at the venue. A payment of Rs. 1,000 is also required to participate in the auction. Participants may take part after depositing the security by 11:00 AM on the scheduled auction date. Prospective bidders may inspect the items one day before the auction.

The successful bidder must deposit 25% of the bid amount immediately upon acceptance. If the highest bidder fails to make this payment, that bidder's security will be forfeited to the government and the second-highest bidder will be declared successful. If the second-highest bidder also fails to deposit 25%, that bidder's security will likewise be forfeited and the third-highest bidder will be declared successful. Failure by the third-highest bidder to make the required payment will also result in forfeiture of the security.

The successful bidder must pay the remaining 75% of the bid amount within two days and remove the auctioned items. The contractor will be responsible for any damage caused to the hospital during removal and must compensate the hospital for that damage. All applicable government taxes must be paid. Security deposited by unsuccessful participants will be returned on the day following the auction.

If the auction cannot be held on the initial date for any reason, it will be held on 25 November 2026 at the same time. If it cannot be held or completed on that date, the next auction will be on 28 November 2026 at the same time. If it still cannot be held, it will take place on 30 November 2026 at the same time.

The Medical Superintendent, Punjab Institute of Cardiology Lahore, reserves the right to cancel the auction at any time for any reason and to change its date.