INTERNATIONAL COMMERCIAL BANK

INVITATION TO BID SALE OF A COMMERCIAL/ RESIDENTIAL BUILDING

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INVITATION TO BID SALE OF A COMMERCIAL/ RESIDENTIAL BUILDING

TENDER NO. ICBTL/CD/2022/03

INTERNATIONAL COMMERCIAL BANK

International Commercial Bank Tanzania Limited (ICBTL) in collaboration with National Housing Corporation (NHC) and Al-Karimo Investment Limited intends to sell a commercial/ residential property with 16 storey under construction, located on Plots No. 928/17, 2038/17 and 2039/17, situated at Flur ll, Corner of Zanaki Street/Jamhuri Street, llala Municipality, Dar es Salaam.

1. ICBTL now invites sealed tenders for the purchase of the said Commercial fresidential Building on the above stated plots of land.

2. For inspection of the building, interested bidders may communicate through ICBTL’’s telephone number provided below. The property will be disposed on “as is, where is” basis and inspection of the building may be done by interested Bidders before submission of bids.

3. Bids indicating offer for the purchase of the above mentioned property with specific amounts, and full address of the Bidders, should be submitted by 15th September 2022, 10:00am at the Head Office of ICBTL at the 2nd Floor, Vijana Towers, Plot no 1081/2/2, Fire Station Road, West Upanga, and P. 0. Box 9362, Dar es salaam.

4. Bidding will be conducted through competitive procedure and ICBTL reserves the right to accept or decline the bids.

5. At the discretion of ICBTL, Bidders may be invited to negotiate their bid price, after opening of the bid invitations, and the invitation will be made by ICBTL on its own absolute discretion.

6. The successful Bidder shall be bound to make a twenty-five percent (25%) advance payment of the Bid price within forty-eight (48) hours of the date of the official award and the balance seventy-five percent (75%) shall be paid within twenty-one (21) days from date of award.

7. In case the successful Bidder defaults in payment of the remaining seventy-five percent (75%) within twenty-one (21) days, ICBTL reserves the right to forfeit the advance payment and the next highest Bidder may be considered for the award.

Contacts:

The Chief Executive Officer,

International Commercial Bank

Tanzania Limited,

2nd Floor, Vijana Towers, Plot no

1081/2/2,

Fire Station Road, West Upanga,

P. 0. Box 9362,Daressalaam. |

Telephone: +255 653 005 019

E-mail address: [email protected]

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