TIB DEVELOPMENT BANK
NOTICE OF SALE AND INVITATION OF SEALED BIDS FOR THE PURCHASE OF MOSHI HOTEL 2010 LIMITED PROPERTY
Interested bidders are invited to submit bids for the purchase of above named property
1. Bids must be sealed and clearly marked with the bidders name physical address mobile number email and the following identification “SEALED BID FOR PROPOSED SALE OF MOSHI HOTEL 2010 LIMITED REAL PROPERTY”
2. The deadline for submission of bids is the 6th March 2020 at 12:00 noon at office mentioned bellow. Bidders are invited to attend during the event if they so wish
3. At the time of submission of the offer the bid must submit the deposit paying in slip of 20 percent of his/her bids amount to the bank in its TZ account No. 004200000100001 in the name of TIB Development Bank collection account. The earnest money of all unsuccessful bidders shall be returned immediately upon the completion of the bids evaluation and acceptance
4. The successful bids shall pay the balance of 80% within 30 days from the date of notification of the award
5. The successful bidders shall forfeit his/her earnest money and any other money paid if he/she fails to pay the whole balance of 80% within the prescribed time of 30 days
6. Any and all due diligence property inspections must be completed before the date of the bid opening as no provision is made for a due diligence period once bids have been opened. Interested bidders can inspect the property on working days from the date of this publication from 9:00 am to 3:00 pm. to book visitation kindly contact Mr. Salimu mushi the Counselor for the company thorough 0688 498 912or email address [email protected] or TIB DEVELOPMENT BANK, Arusha Zonal Office located PSSSF building Mezanine floor
7. The successful bid shall be announced within seven working days upon completion of bid evaluation
8. Bids may not be withdrawn once they have been received and opened
9. In the event the successful bidders fail to effect payment as prescribed the bank and the company reserve the right to offer the property to the next highest or preferred bidder who meet the condition or cancel the sale process
10. The bank and the company shall not be bound to the accept the highest bid or any bid at all
11. Bidders are advice to conduct their independent valuation and inspection of the property
123. All bidders should be addressed and deliver in hard copy to
The Secretary,
TIB Development Bank Ltd Tender Board,
Mlimani City, Building No 3 Samu Namujoma Roads,
Dar es Salaam
Source the Guardian 6 February 2020
