TENDER – NOTICE FOR DISPOSAL OF PROPERTY
TENDER NOTICE
April 21, 2026NOTICE FOR DISPOSAL OF PROPERTY
Strengthening Participatory Organization (SPO)
(A company registered under Section 42 of the Companies Act, 2017)
Subject: Sealed Bids Invited for a Property in Multan
SPO invites sealed bids for the sale of a Property (Open Plot) measuring 5.5 Kanal (3327.5 sq. yds.), situated at Khewat No. 9/9, Khatooni No. 16 to 25, Mouza Bahadurpur, Behind Jamia Masjid Madina, Bosan Road, Multan.
The property features a boundary wall, entrance gates, built quarters, well-maintained mango orchards, and access to electricity/water supply. It is ideally suited for use as a farmhouse or for commercial purposes, including offices, marquees, gaming zones, restaurants, and similar ventures.
1. Invitation to Claimants
Although SPO holds a clear and marketable title to the property, any person claiming any right, lien, or interest in the property may notify the undersigned within seven (7) days. SPO shall examine any such claim before finalizing the sale.
2. Bid Submission Deadline & Earnest Money
- Last Date for Submission of Sealed Bids: Monday, 4th April 2026, by 17:00 hrs. (5:00 PM)
- Earnest Money: Each bid must be accompanied by a refundable Bank Draft equivalent to 5% of the total offered value.
- Bids submitted without earnest money shall be rejected.
3. Bid Opening
- Date & Time of Bid Opening: Tuesday, 5th May 2026, at 14:00 hrs. (2:00 PM)
(Note: Bids will be opened one day after the submission deadline.)
4. General Terms & Conditions
- SPO reserves the right to accept or reject any or all bids without assigning any reason.
- Only sealed bids will be considered.
- For detailed terms and conditions, please visit the link provided below:
Check terms and conditions below.
5. Address for Submission
Chairperson, Asset Disposal Committee
Strengthening Participatory Organization (SPO)
Building No. 1-B, Street 26, Sector G-9/1, Islamabad.
Phone: (051) 8736193-94
Terms & Conditions – Disposal of SPO Property
- Earnest Money (Security Deposit)
A refundable Bank Draft equivalent to 5% of the offered value, drawn in favour of SPO, must accompany each sealed bid as earnest money. Bids submitted without earnest money shall be rejected. This amount shall be forfeited if the successful bidder withdraws after bid acceptance or fails to complete the payment as per the agreed schedule.
- Payment Schedule
- Initial Deposit: 25% of the total amount, payable via Bank Draft in favour of SPO, within 7 days of bid acceptance.
- Balance Payment: The remaining 70% must be deposited within 30 days of bid acceptance.
- Adjustment of Earnest Money: The 5% earnest money (submitted with the bid) shall be adjusted against the final purchase price for the successful bidder, thereby completing the 100% payment.
- Viewing “as is, where is” basis
The property is offered for sale on an “as is, where is” basis. Prospective bidders are encouraged to view the property prior to submitting their bids. For arranging a site visit, please contact Ms. Ayesha Yaseen at 0321-6357031. For any queries related to the property, please reach out to Mr. Aaref Farooqui at 0333-5555939. The property is available for viewing from 10:00 a.m. to 04:00 p.m.
- Bid validity & procedural safeguards
Bids shall remain valid for 60 days from bid opening. Bids shall be evaluated through a structured, documented process consistent with transparency and audit requirements under widely accepted procurement frameworks.
- SPO reserves the right to
- accept or reject any or all bids without assigning any reason,
- cancel the bidding process at any time, and
- negotiate with prospective buyers if bidding fails.
(Note: In case SPO cancels the Bid, only the earnest money will be returned, and no matching amount is payable. Whereas, in case the Purchaser withdraws from the process, the submitted earnest money will be forfeited.)
- Seller’s Liabilities (Up to Transfer Date)
The Seller (SPO) will pay all taxes, costs, charges, liabilities, debts, liens, utility bills, claims and expenses up to the date of the transfer. Any further tax levied beyond such date shall be the liability of the Purchaser.
- Purchaser’s Liabilities (Transfer & Mutation)
All applicable taxes, stamp duty, registration charges, mutation fees, and other costs associated with the transfer of the property into the Purchaser’s name in the records of the Revenue Department shall be borne exclusively by the Purchaser. This is in line with standard disposal practices and ensures full cost transparency throughout the transaction.
- Possession
The possession of the property or any part thereof is to be given to the Purchaser after the full payment of the sale consideration and transfer formalities are completed.
- Governing Law & Dispute Resolution
These terms are governed by the laws of Pakistan. In case of any dispute, the parties shall first attempt to resolve it amicably through good-faith consultation. If no resolution is reached within fifteen (15) days, the matter shall be subject to the exclusive jurisdiction of the courts in Islamabad.