The government of Punjab Water Resources Department is inviting online bids for leasing land to develop a houseboat at Ropar for 7 years. Bids must be submitted online by December 31, 2025, at 12:00 hrs. Technical bids will be opened on the same day at 14:30 hrs. The earnest money deposit is 5% of the estimated annual reserve price. The agreement period is 7 years, and the lease amount will increase by 10% annually. The successful bidder must provide a performance security of 25% of the annual agreement amount. The bidder is encouraged to visit the site. A pre-bid meeting will be held on December 26, 2025.
The bid notice states The agreementcontract period would be for a period of 7 years from the date of handing over of the possession.
The bid notice states successful bidder shall deposit quarterly installments of annual lease amount in advance of every 3 months along with applicable taxes before the 7th day of first month of that quarter.
The bid notice states he financial bid evaluation will seek the bidder offering the highest lease amount to executive engineer.
The bid notice states he achieved average annual financial turnover during the last financial year ending on 31st march should be at least 100 of the estimated annual reserve price.
The bid notice states if the lease amount payable is not deposited on due date, it will attract an interest rate of 2 per month of amount due.
The bid notice states he bidder, at the bidders own cost, responsibility and risk is encouragedto visit and examine the site and familiarize himself with the site and itssurroundings and obtain all information that may be necessary for preparingthe bid and entering into a contract.
The bid notice states he bidder shall furnish, as part of his bid, emd amounting to 5 of estimated annual reserve price.