Tender Details

Country: Ethiopia
Summary: Selling of Building, Machineries and Equipment, Electric Works, Vehicles And Others
ETT Ref No: 94249176
Deadline: 02 Jan 2024
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.:
Purchaser's Detail:
Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details.
Login to see details
Description:
Tenders are invited for Selling of Building, Machineries and Equipment, Electric Works, Vehicles And Others Bid closing date: February 01/2023 From 10:00 AM to 12:00 AM Bid opening date: February 01/2023 From 10:00 AM to 12:00 AM Region: Addis Ababa Bid bond: 25% Instructions Bidders who wish to visit the property before the auction date can do so by arranging an appointment with the bank. Bidders shall deposit 25% of the floor price of the bid as a bid security bond by bank payment order C.P.O. before the day of the bid or bring it with them before the opening of the bid on the day of the bid. The non-winning bidders' CPO will be returned immediately. The auction will be held in the premises of the project in the presence of debtor or its legal representatives, bidders or their legal representatives and observers on the date and time mentioned in the table. The auction will be held even if the debtor or its legal representatives, and observers are not present on the auction date and time mentioned. The highest bidder will be declared the winner only when the concerned Directorate of the bank issues a letter stating that the bidder has won the auction. The winning bidder shall pay the winning price to the bank within 15 days from the date he receives a written declaration of the winning bid. Where the winning bidder fails to make payment within the specified period, the bid will be canceled, and the deposit will not be refunded. The winning bidder must be eligible for a tax exemption or be obliged by law to pay the tax that the government levies on the assets in the case of vehicles and machineries for which customs duties and taxes have not been paid. The bank sells the offered property in cash. However, if the winner fulfills the necessary requirements according to the bank's loan policy and continues the work on the project, he can apply for a partial loan to purchase the property. The bank will write a letter to the concerned government body to transfer the title of the property to the buyer. The buyer will follow-up the case to get it executed. 9Before or after the auction, the bank reserves the right to cancel the auction if a better alternative is found or the loan is repaid. The winner shall pay 15% value-added tax and all other legal and administrative fees and charges that are associated with the sale of the property and ownership name transfer.
Documents:

If you are registered member, kindly login to view full details of this tender notice:

Selling of Building, Machineries and Equipment, Electric Works, Vehicles And Others - Ethiopia Tender

The DEVELOPMENT BANK OF ETHIOPIA, a Government sector organization in Ethiopia, has announced a new tender for Selling of Building, Machineries and Equipment, Electric Works, Vehicles And Others. This tender is published on EthiopiaRFP under ETT Ref No: 94249176 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2024-01-02.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.