The Trading Corporation of Pakistan has invited fresh bids for disposal of some 415 metric tons sweeping cargo of urea. In the previous tender opened on January 16, only one bid was received and it was declared non-responsive. Therefore, the TCP has issued fresh tender for the sale of sweeping urea.
According to fresh tender, interested parties may submit their bids up to February 18, 2019 which will be opened the same day at 11:30 am in the TCP's Board Room in presence of bidders or their authorized representatives. However, the individuals/sole proprietorships/firms/companies who have defaulted with the TCP will not be eligible to participate in the tender.
Further, those individuals/sole proprietorships/firms/companies who have not fulfilled their contractual obligations with the TCP will also not be eligible to participate in the bids, unless they clear their dues along with penalties or fulfill their contractual obligations with the TCP, as the case may be, before the tender opening date.
Interest bidder will be required to submit bids with the Earnest Money equivalent to at least 5 percent of the quoted value in the form of Bank Pay Order/Demand Draft in favor of TCP. Bids not accompanied with the required Earnest Money shall not be considered.
Bids have been invited for the sale of approximately 415.240 metric tons sweeping cargo of urea presently stored at TCP's Landhi godown. The urea is laying in three lost of 387.780 metric tons, 13.180 metric tons, 14.280 metric tons. The bids will remain valid for 30 (thirty) working days from the day on which the tender is opened excluding the opening day.