TENDER NOTICE
BANK PROPERTIES FOR SALE – FIRST WOMEN BANK LIMITED
FWBL Tender Reference # FWBL/HO/AF/ADM/SS/OPS/SALE
First Women Bank Limited invites sealed bids from Pakistani Nationals in respect of sale of each of the
following properties. Brief details whereof are given hereunder:
Premises Name
Mehdi Tower 7th Floor
(Office No. 701 to 704)
PECHS Bungalow
Address/ Location
Plot # 115-A, Mehdi Tower, Sindhi Muslim
Cooperative Housing Society, Main Shahrah-eFaisal, Karachi
Plot No.238-B, Block-2, PECHS Karachi.
Area
5,584 Sq. ft
652 Sq. Yard
The Properties are sold on “AS IS AND WHERE IS BASIS” on the following terms and conditions:
1.
The sealed bids shall be dropped in the Tender Box placed at FWBL Head Office, Karachi at GF-II
Ground Floor (Reception area) situated at S.T.S.M Foundation Building CL-10/20/2, Beaumont
Road, Civil Line, Karachi on or before 29 December 2015 Tuesday at 10:00 AM.
2. The sealed Bids shall be opened on the same day i.e. 29 December 2015 Tuesday at 11:30
AM at (Plot No.238-B, Block-2, PECHS Karachi) in the presence of the Tender Committee &
bidder(s) or their individual representatives.
3. The interested bidder has to submit a Bank Draft/Pay Order of 5% of the bid amount for each
property (as earnest money) in favor of the First Women Bank Limited (FWBL) along with copy of
valid CNIC with complete particulars of bidder(s).
4. No bid shall be acceptable after laps of given time as mentioned above.
5. Unsuccessful bidder(s) 5% Earnest Money will be refunded within one month from the date of
opening of the bid without any interest / profit/ compensation whatsoever.
6. Successful bidder’s 5% Earnest Money will be adjusted against the bid amount. The amount will
stand forfeited in case the successful bidder fails to deposit the bid amount within the stipulated
period.
7. The successful bidder will be required to pay 45% of the highest/successful bid amount through
pay order in favor of FWBL within one week of the acceptance of the bid failing which the
deposited/ earnest money will be forfeited and the properties will either be sold afresh by public
auction/tender or the next highest bidder (subject to final decision of higher management of FWBL).
8. The 50% balance of successful bid amount will be paid within one month from the final
acceptance of the bid.
9. The successful bidder will bear all expenses taxes/dues/charges of the subject properties including
the departmental charges, preparation of Sale Deed/ Conveyance Deed, Stamp duty, registration /
transfer fee or any other duty or miscellaneous expenses in respect of transfer of title as applicable
as per prevailing law of Government and others authorities.
10. The intending bidders may obtain information in respect of the properties or may visit the properties
(address given against each) by contacting the below mentioned address during working hours on
any working day.
Tender for Sale of Bank Properties
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11. The intending bidders may examine the title deeds in respect of properties mentioned above with
Administration Department – FWBL Head Office, Karachi, contact No. 021-35652899 during 11:00
AM to 3:00 PM.
12. Sale Deed will be executed on actual sale value after full & final payment of the bid amount which
shall be received by the Bank.
13. The Bank reserve the right & may accept/sell the property below “Reserve Price” through the
Tender subject to confirmation of Bank’s competent authority of the highest offer/price received
thereon.
14. The successful bidder will be expected to sign a sale/purchased agreement after the approval of
Bank Management/authorities.
15. Possession of the property shall be subject to confirmation of Tender by the Bank’s Management &
will be made after full & final payment is received inter alia registration of Sale Deed.
16. The Bank does not undertake any express or implied conditions in terms of the, status, quality,
defects, subsisting encumbrances, delivery or non-delivery, value or otherwise fitness of the
properties. The Bidder(s) will be solely & fully responsible for satisfying himself/itself in respect of
the above.
17. Bids are subject to approval of Bank’s management and Bank reserves the right to accept or reject
any or all bids, at any time as prescribed under PPRA Rules 2004, without assigning any reason
whatsoever.
18. The decision of the tender committee will be final (and shall not be challengeable in any court of
law).
19. The bidder must be registered with the tax authorities and shall submit Tax Registration certificates.
20. Those bidders who are either black-listed by any authority and/or have any dispute with FWBL may
refrain for participating in the bid.
Other Instructions:
1. PPRA Rules, 2004-Clause-36(a) procedure is adopted, comprising on single stage one Envelope.
2. The envelope should bear the phrase “Bid for Sale FWBL Properties, Mehdi Tower, 7th Floor
on Plot No.115-A & Plot / Bungalow No.238-B at PECHS”.
3. The bidder(s) are requested to mention their contact details on the offer letter and envelop.
4. This Tender Notice is also available at PPRA website (www.ppra.org.pk) and the Bank’s website
(www.fwbl.com.pk) and being published in local newspapers.
5. Interested bidder(s) may contact at the following address for further details and information.
FIRST WOMEN BANK LIMITED
ADMINISTRATION DEPARTMENT
S.T.S.M FOUNDATION BUILDING, CL-10/20/2, BEAUMONT ROAD,
CIVIL LINES, KARACHI - Contact # 0213-5652899
Tender for Sale of Bank Properties
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