Government of Punjab seeks bids to lease 9. 62 acre of nonfunctional rest houses at village Ballan, Ropar. Open tender, item rate, bids due 02 Nov 2026 03:00 pm. Highest lease amount wins. Site visit mandatory. Value 5. 4 lakh INR.
Bid submission deadline is 02 Nov 2026 03:00 pm. bid submission end date **** 03: 00 pm
Quarterly installments due before 7th day of first month of each quarter. deposit quarterly installments . . . before the 7th day of first month of that quarter
Highest lease amount. financial bid evaluation will seek the bidder offering the highest lease amount
Must have average annual turnover at least 100% of estimated annual reserve price. average annual financial turnover . . . at least 100 of estimated annual reserve price
2% per month interest, contract terminated after 60 days. interest rate of 2 per month . . . contract . . . terminated
Mandatory site visit at bidder's own cost. site visit the bidder, at the bidder's own cost, responsibility and risk must visit and examine the site
Bid opening date 03 Nov 2026 11:00 am. bid opening date **** 11: 00 am
Bids not meeting qualifying criteria will be rejected. conditional bids and the bids not meeting the qualifying criteria . . . shall be summarily rejected
5,40,000 INR. tender value in inr 5, 40, 000