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Home AUCTION NOTICE

AUCTION NOTICE

Mar 28th, 2025

Others

Bank of Bhutan Limited announces the auction of the following Assets and Inventories through Sealed Bid on or before 18th April 2025 at 02:00 PM.

The details of the items are as follows:

SNLocationLOTRemarksCategory
1Babesa, ThimphuLOT 1Furniture & FixtureAssets & Inventories
LOT 2Sewing Machine and Materials
2.1Automated Sewing Machine
2.2Manual Sewing Machine with table
2.3Manual Sewing Machine without table
2.4Sewing Materials
LOT 3Bag Packs
3.1School Bag
3.2Handbag
3.3Purse
3.4Pencil Bag
3.5Lunch Box Bag
3.6Luggage Bag
LOT 4Wallet
LOT 5Curtains and Cloths
LOT 6Bag Materials and Foams
LOT 7Computer Peripherals

Terms and Conditions as below:

  1. Fill in the submission form and submit your sealed bids to the Manager, Admin & Procurement Section on or before 18th April 2025, 02:00 PM and shall be opened on the same day at 02:30 PM.
  2. A bid security of Nu. 5,000 per bid must be included in the form of an DD/SB/CD Cheque/Cash payable to the Bank of Bhutan. The bank will verify the validity of the cheque and the availability of funds, holding the amount until the auction is completed.
  3. The bid security shall be LOT-wise. If a bidder submits bids for multiple LOTs, the total bid security amount will increase accordingly.
  4. Bid without bid security shall be rejected. Bid security of unsuccessful bidders shall be refunded.
  5. The bid security shall be forfeited if the winning bidder withdraws the bid.
  6. Auction of goods shall be in LOT and Sub-LOT wise and not item wise. Bid quoted in item wise shall not be accepted.
  7. Payment shall be in cash/cheque and need to be made within two calendar days after issuance of letter of acceptance.
  8. The goods shall be removed by the successful bidder within two calendar days after issuance of letter of acceptance.
  9. The buyer shall be deemed to have physically inspected the assets to their full satisfaction before submitting their bid(s).
  10. The decision of the Disposal Committee to accept or reject the bid without assigning reason shall be final and binding.

For any clarification/information, contact the official mentioned above or you may visit the Admin and Procurement Section, Head office, Thimphu.

To download Bid Submission Form, CLICK HERE

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