SALE OF SCRAP FURNITURE Quotations are invited from competent firms for sale of furniture scrap on as is where basis is lying at 15th floor, NIC building Abassi Shaheed road, Karachi Bidders are requested to submit their quotations in sealed envelope with earnest money of Rs.5000.00 in the form of Pay Order in favour of National Insurance Company Limited latest by 11am on 24th February, 2011 to be open on the same day at 11.30 am in presence of bidders that wish to be present at the time of opening. The success full bidders shall be required to deposit full amount within seven days of receiving letter of award and must lift the contracted material within 15 days of receiving letter of award. To lifting of material to start after full payment is received by NICL from the success full bidders. Earnest money shall be adjusted in the payment by success full bidder shall be forfeited and the contract shall be considered cancelled in case of failure to deposit the full amount as prescribed. The EMD of unsuccessful bidders shall be returned within 7 days of opening of the bids. Bidders may inspect the scrap at above site between 10 am to 4 pm during working days before submitting their bids. NICL reserves the right to accept or reject any/all bids without assigning any reason. Manager (Admin) National Insurance Company Limited 5th Floor, NIC Building, Abassi Shaheed Road, Karachi Ph. 021-99207733