AUCTION NOTICE 2023

The College of Science and Technology, Rinchending, Royal University of Bhutan announces the sale of obsolete items through public auction at CST through sealed bid quotation on 13^th October 2023 in the GNH Hall at 2:00 PM. The bidders are requested to inspect the items prior to bidding from 4^th - 10^th October 2023 from 8:00 AM to 3:30 P.M. The auction will be on “as is where is basis’’ status. The complaints whatsoever after the auction shall not be entertained.

Terms and Conditions

1. Each bidder will have to deposit earnest money up to Nu. 20,000 (Ngultrum Twenty Thousand) only in cash on the day of the auction on 13^th October 2023 not later than 01:30 PM to qualify for the auction.
2. No bidder will be allowed to retract the bid(s) after acceptance. All sales are final and binding.
3. The highest bidder, whose bid(s) are accepted, will have to deposit a spot payment of 25% of the auctioned value and the balance within 10 days from the day of the auction, failing which the accepted bid will be canceled and the earlier deposits will be forfeited.
4. The earnest money of the highest bidder will be retained until the auction is completed as a security deposit for the subsequent bid to be offered by the bidder in respect of the remaining items.
5. Earnest money of the unsuccessful bidder will be refunded immediately after completion of the Auction.
6. The highest bidder accepted by the auctioneer will have to collect the item at their own cost within 20 days from the date of the auction against full payment of the auctioned value (cash). Failure to do so will result in the forfeiture of the deposit.
7. The auctioneer reserves the right to accept the bid on the spot or at any subsequent date. In case of dispute or problem with regard to the auction, the decision of the auctioneer will be final and binding.
8. The interested bidder shall be deemed to have inspected the items prior to the auction and the bid offered is at their own liberty and judgment. No complaints will be entertained and the decision of the auctioneer shall be final and binding.
9. The Auction will be on the basis of The winning Bidders will have to make a collection of all the items irrespective of their value.
10. All bidders are required to submit the bidding documents along with a CID Copy with the proper postal address.

For further information, please contact the Store In-charge at 17649668 or email at This email address is being protected from spambots. You need JavaScript enabled to view it.