The government of Punjab, Water Resources Department, is inviting online bids for leasing out Sariana and Chak Mir Pur rest houses in Mukerian, Hoshiarpur for a period of 2 years, extendable for 1 additional year. Bidders must register on the website and make online payments for the bid form and earnest money. Bids must be submitted online by September 12, 2024, with technical bids opening on the same day. The agreement period is for 5 years, with a possible extension of 1 year. The successful bidder must provide a performance security and adhere to various conditions, including maintaining the premises and paying applicable taxes. The bid validity is 120 days.
The agreement/contract period would be for a period of 5 years from the date of handing over of the possession. The agreement/contract period would be for a period of 5 years from the date of handing over of the possession.
The 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. 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 financial bid evaluation will seek the bidder offering the highest lease amount to executive engineer. he financial bid evaluation will seek the bidder offering the highest lease amount to executive engineer.
Achieved average annual financial turnover during last ending 31st march of previous financial year, should be at least 100 of estimated annual reserve price. achieved average annual financial turnover during last ending 31st march of previous financial year, should be at least 100 of estimated annual reserve price.
If the lease amount payable is not deposited on due date, it will attract an interest rate of 2 per month of amount due. 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 bidder, at the bidder s own cost, responsibility and risk must 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 before entering into a contract. he bidder, at the bidder s own cost, responsibility and risk must 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 before entering into a contract.