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Report On Auction

The auction of unserviceable items at Government Degree College, Bijbehara, was successfully held on December 10, 2024, with 17 registered bidders. Mr. Javaid Ahmad won the auction with a final bid of ₹72,000, exceeding the estimated reserve price of ₹67,665. The process was conducted transparently and professionally, ensuring financial benefit for the institution.

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0% found this document useful (0 votes)
38 views3 pages

Report On Auction

The auction of unserviceable items at Government Degree College, Bijbehara, was successfully held on December 10, 2024, with 17 registered bidders. Mr. Javaid Ahmad won the auction with a final bid of ₹72,000, exceeding the estimated reserve price of ₹67,665. The process was conducted transparently and professionally, ensuring financial benefit for the institution.

Uploaded by

Aijaz Ul Haq
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Principal,

Govt Degree College,


Bijbehara

Subject: Report on Auction of Unserviceable Items of the College.

Date: 10th December 2024


Venue: Conference Hall, Government Degree College, Bijbehara
The auction of unserviceable items, including wooden, steel, and iron materials, was successfully
conducted in the Conference Hall of Government Degree College, Bijbehara, today. The process
was organized and supervised by the Auction Committee, with the Principal of the college, Prof
Yasmeen Bashir, the Advisory Committee Convenor and senior expert Prof. Bilal Ahmad
Khanday, Prof Nazir Ahmad Malla, Dr Tanveer Ahmad, members of the auction committee in
attendance.
Pre-Auction Activities:
1. The items to be auctioned were thoroughly inspected by experts from the Government Joinery
Mill, who provided an estimated reserve price of ₹67,665 (file enclosed).
2. An Auction Notice was published in leading daily newspapers across the Kashmir Valley to
invite registered bidders (file enclosed).
3. A total of 17 bidders registered for the auction, each depositing CDRs of ₹5,000 as per the
guidelines.

Auction Proceedings:
- The event began with the introduction of the auction process by the Convenor of the Auction
Committee.
- Bidding was conducted in four rounds, with 10 out of 17 registered bidders actively
participating.
- After competitive bidding, Mr. Javaid Ahmad emerged as the highest bidder with a final bid of
₹72,000. He was awarded the bid in accordance with the auction rules and regulations.

Post-Auction Activities:
The successful bidder, Mr. Javaid Ahmad, deposited the full amount of ₹72,000 in cash on the
spot. The deposited amount will be submitted to the Government Treasury after completing all
necessary formalities. All participating bidders and members of the Auction Committee signed
the official bidding document (file enclosed).

Key Observations:
- The process was conducted transparently and in strict adherence to the rules.
- The presence of all members of the Auction Committee ensured a smooth and impartial
process.
- The final bid amount of ₹72,000 exceeded the reserve price, reflecting the success of the
auction.
Attendance:
1. Principal of the College, Prof Yasmeen Bashir
2. Advisory Committee Convenor,: Prof. Bilal Ahmad Khanday
3. Prof. Nazir Ahmad Malla and Dr Tanveer Ahmad, Senior faculty members
4. All members of the Auction Committee
5. 10 out of 17 registered bidders

The auction was concluded successfully, with the awarded bid surpassing the reserve price,
ensuring financial benefit for the institution. The transparent and professional conduct of the
process was lauded by all present.
Hence report submitted for your kind attention and perusal.

Dr. Aijaz Ul Haq.


Convenor, Auction Committee
Government Degree College, Bijbehara

Enclosures:

1. Expert Valuation Report (Government Joinery Mill)


2. Published Auction Notice
3. List of Registered Bidders
4. Bidding Document.

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