ROYAL INSURANCE CORPORATION OF BHUTAN LIMITED
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NOTICE INVITING TENDER 

Your Partner for Growth and Security

RICBL/TMB/GID/SALVAGE/2023/16943                 2nd of November 2023  

The Royal Insurance Corporation of Bhutan Limited invites sealed bids from interested bidders for the sale of the following particulars on “As is where is Basis”.  

LOT No   Vehicle Type/ Scraps Vehicle No Model Condition Registration Location 
LOT.01(BS) SCRAP     THIMPHU 
LOT.01(TH) SCRAP     THIMPHU 
LOT.02(TH) TUCSON BP-1-C8627 2015 SCRAP CANCELLED THIMPHU 
LOT.03(TH) ALTO VXI BP-5-A0188 2015 SCRAP CANCELLED THIMPHU 
LOT.04(TH) BOLERO BP-1-E3804 2019 ACCIDENT VALID (RC) THIMPHU 
       
  1. Cost of Tender Document: Nu 300.00 (Nu Three Hundred) only.  
  2. Earnest Money Deposit: Nu 20,000.00 (Nu Twenty Thousand) only.  
  3. The successful bidder shall lift the item within 07 days from the date of opening the tender.
  4. Last date of submission of tender documents: On or before 4:00 p.m. on 10/11/2023.
  5. Date of opening of tender 13/11/2023 at 10:30 am in the RICB, Conference Hall, Thimphu.
  6. Non-Bhutanese intending to participate in the tender should arrange their entry permit on their own.  

The bidding documents can be purchased from the RICB cash counter, Thimphu Main Branch, against the payment of Nu 300.00 (Nu Three Hundred) only, which is non-refundable. The bidders are requested to inspect the items. It may be noted that any complaint after the auction shall not be entertained. The items can be inspected during office hours (9 AM to 4 PM). Interested bidders are requested to contact Kencho Dorji at 17975240 or Karma Thinley at 17440881 for further information.  

Click to download Tender Documents