Auction of Parking Fee Collection Rights by Municipal Corporation Sialkot

Municipal Corporation Sialkot invites bidders to a public auction of parking fee collection rights within its municipal limits for the financial year 2026-2027. The advertised contract period is from 1 October 2026 to 30 June 2027. Two parking collection contracts are offered.

The auction will be held on 30 October 2026 at 11:00 at Jinnah Hall, Sialkot. Interested contractors and firms must participate in accordance with the corporation's auction conditions and the applicable Punjab local government rules governing the auction of collection rights.

The first contract carries a reserve amount of Rs. 4,219,182 and an earnest money requirement of Rs. 422,000. The second contract carries a reserve amount of Rs. 383,800 and an earnest money requirement of Rs. 38,500. Participants must deposit the required earnest money with Municipal Corporation Sialkot in the prescribed form before taking part in the bidding. Unsuccessful bidders' deposits will be returned following the auction, while the successful bidder's deposit will be retained against the contract requirements.

Participating contractors or firms must hold valid registration and produce the relevant registration documents. Persons or firms with outstanding municipal dues, those blacklisted by the relevant authorities, and those subject to the disqualifications set out in the auction conditions are not eligible to participate. Bidders must satisfy the corporation's eligibility and deposit requirements before bidding.

The successful contractor must execute the required agreement and comply with the approved parking fee schedule. Collection beyond the authorised rates is prohibited. The contractor will be responsible for applicable taxes and payments to the relevant authorities, including obligations under FBR and Punjab sales tax requirements. Contract payments must be made within the prescribed periods, and failure to comply may result in action under the applicable auction rules, including forfeiture of security.

Further information about the auction terms and collection arrangements may be obtained from Municipal Corporation Sialkot during office hours. The notice is issued by the Chief Officer, Municipal Corporation Sialkot.