Notice Inviting Sealed Bid

Your Partner for Growth and Security

No. RICB/CO/GAD-Auction/2024/15741

28th of October 2024

NOTICE INVITING SEALED BIDS

The Royal Insurance Corporation of Bhutan Limited is announcing a public auction of seized properties through a sealed bid process. Interested parties are invited to submit their sealed bids for the following properties on “AS IS WHERE IS BASIS”.

Immovable properties

SNType of PropertyLocationArea (decimal)Thram numberPlot NumberFloor Price
1Land & Building (Hotel).Changbangdo, Thimphu18.471499CB1-2   131,313,000.00 
2LandJambay Lhakhang, Bumthang37789DK1-609         709,000.00 
3Land & 3 storied buildingSamkhar, Trashigang89.41033SAM-3337        10,186,000.00 
4LandSamkhar, Trashigang331033SAM-6270         345,000.00 
5Land and 2 & 3 storied buildingsToebesa, Punakha40.81176TOP-1720     28,040,000.00 
6LandToebesa, Punakha91176TOP-1738         482,000.00 
7landToebesa, Punakha181176TOP-4357         962,000.00 
8LandGoserling Gewog, Tsirang.64548GOS-1579         538,000.00 
9LandGoserling Gewog, Tsirang.64550GOS-1581         538,000.00 
10LandGoserling Gewog, Tsirang.64549 GOS-1580         538,000.00 

Movable properties

SNType of PropertyLocationTypeRC NoModel YearFloor Price
1Hot Mix plantHaaMoveable 2015       1,573,000.00 
2Singapore Yang Excavator XG 821LhuntseMoveableBP-2-A00702017       1,488,000.00 
3UI SPOT DRUM MIX PLANT MODEL Samdrup JongkharMoveable2016       1,930,000.00 
4Project AssetsTrashigangMoveable2015       1,937,000.00 

1. Earnest Money Deposit: Nu. 10,000.00 (Ngultrum Ten Thousand) 2. The bidding documents can be downloaded from RICBL website.

  • Ensure that your bid is placed in a sealed envelope.
  • Submit your bid to any of the RICBL Branch Offices addressed to:

The Chairman,

Auction Committee RICBL,

Thimphu.

  • Bids will be reviewed after the deadline, and successful bidders will be notified accordingly.
  • Last date of submission of sealed bids is on 12th of November before 12:00 PM.
  • Opening date of the sealed bids begins from 10.30 AM on 13th of November in the RICBL Conference Hall, Thimphu and respective Branch Offices.
  • For more details on the properties or bidding process, please contact Mr. Thukjey Nidup at 17361938.

Management