The government of Punjab Water Resources Department is inviting online bids for licensing out boating and water sports activities at the boating site Sidhwan Branch Rd for a period of 7 years. Bidders must register online and submit bids through the website. The last date for online bids is 01/01/2026 at 10:00 hrs. Technical bids will be opened on 01/01/2026 at 14:00 hrs. The license period is for 07 years. The successful bidder must develop infrastructure, prepare designs, maintain the facility, provide parking, and provide basic amenities. Earnest money of 5% of the estimated annual reserve price is required. The bid validity is 120 days. The pre-bid meeting is scheduled for 23/12/2025 at 14:00 hours. The successful bidder must furnish performance security equal to 25% of the annual license fee and sign the license agreement within 7 working days of the issue of the letter of acceptance.
The license period would be for a period of 07 years from the date of handing over of the possession. The license period would be for a period of 07 years from the date of handing over of the possession.
The successful bidder shall deposit quarterly installments of annual license fee along with applicable taxes in advance of every three months before the 7th of first month of that quarter. successful bidder shall deposit quarterly installments of annual license fee along with applicable taxes in advance of every three months before the 7th of first month of that quarter.
The financial bid evaluation will seek the bidder offering the highest license fee to executive engineer. he financial bid evaluation will seek the bidder offering the highest license fee to executive engineer.
Achieved average annual financial turnover during last 3 years ending 31st march of previous financial year, should be atleast 100 of estimated annual reserve price. achieved average annual financial turnover during last 3 years ending 31st march of previous financial year, should be atleast 100 of estimated annual reserve price.
If the amount payable is not deposited on due date, it will attract an interest rate of 2 per month of amount due. if the amount payable is not deposited on due date, it will attract an interest rate of 2 per month of amount due.
The bidder, at the bidders own cost, responsibility and risk is encouraged to visit and examine the site and familiarize himself with the site and its surroundings and obtain all information that may be necessary for preparing the bid and entering into a contract. he bidder, at the bidders own cost, responsibility and risk is encouraged to visit and examine the site and familiarize himself with the site and its surroundings and obtain all information that may be necessary for preparing the bid and entering into a contract.
The earnest money deposit emd amounting to 5 of estimated annual reserve price. he bidder shall furnish, as part of his bid, an emd amounting to 5 of estimated annual reserve price.