Once you have viewed the property details, and done the recommended site visit, you are ready to submit a bid. View the tender submission criteria below, prior to submitting your bid.
SUBMISSION CRITERIA
Tender Bids Must:
- Be signed and indicate the "Tender No. or File No."
- Quote the total amount of the bid being placed on the asset(s).
- Be accompanied by a money order, certified cheque, or bank draft made payable to the “Minister of Finance” in the amount of 10% of the total bid.
- Be placed in a sealed envelope clearly marked with the “Tender No or File No.” and addressed to 440 King Street, 5th Floor, Room 526, King Tower, Kings Place, Fredericton, N.B., E3B 5H8.
- Be received on or before 2:00 p.m. (local time), on the date of closing, at which time a Public Tender Opening will take place.
Additional Information:
- Failure to comply with the tender submission criteria shall result in the tender being rejected.
- The purchaser will be required to submit a clean-up deposit in the amount of $2,000 payable to the “Minister of Finance.
- Water and sewer lines must be capped.
- The basement must be removed and backfilled with gravel, all out buildings removed and site leveled.
- All debris resulting from the removal of the asset must be properly disposed of. The clean-up deposit will be refunded once the site has been leveled and cleaned to the satisfaction of the Minister of Transportation and Infrastructure.
- The purchaser will have 60 days from the date on the Bill of Sale to remove the asset from the property. The Province reserves the right to take any action it deems necessary in the event the asset remains on the property after 60 days.
- The purchaser will be responsible for obtaining all permits required to remove the asset.
- All assets are sold on an "as is, where is" basis.
- The purchaser will be responsible for the payment of H.S.T., where applicable, and all document preparation and related fees, at the date of closing
- The highest, or any tender, may not necessarily be accepted.
- Bidders are encouraged to inspect the asset prior to placing a tender bid as the successful bidder’s 10% bid deposit is non-refundable.
- All unsuccessful tender bid deposits will be returned once the tender has been awarded.