The Pyrethrum Processing Company of Kenya Ltd (PPCK) has announced public auction of motor vehicles, equipment and used motor vehicle parts.
In an advert on Tuesday February 27, PPCK also said it will sell farm animals and other assorted items during the auction.
The goods will be sold on as-is-where-is basis and can be viewed from February 28, 2024.
“The public auction will be undertaken on Wednesday 13th March 2024 at PPCK Headquarters Nakuru, Conference Hall from 11:00am,” read the advert in parts.
PPCK further said viewing will be done between Monday to Friday during working hours (8:00a.m. to 4:30 p.m.) except on public holiday.
How to Bid for the vehicles and other items
Interested bidders can obtain catalogue with full details of items for sale during viewing days from PPCK headquarters, procurement office.
However, they will be required to pay a non-refundable fee of Ksh1,000.00.
“All successful bidders will be required to pay a deposit of 10% of the bid at the fall of the hammer and the remaining balance within 14 days after the auction, failure to which the award will be canceled and deposit forfeited,” said PPCK.
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Unsuccessful bidders will be refunded the bid number deposits on presentation of the respective original receipts.
Successful bidders will be required to collect their items within 14 days after making full payment.
Failure to which they will be required to pay storage charges at a rate of 1% of bid offer per day, up to a maximum of 3 months.
“Items not collected within the three months will be forfeited together with the money paid against them,” stated the Company.
Additionally, the successful bidders will be responsible for payment of transfer charges where applicable as established under government regulations.
Also Read: Govt Announces Auction of Vehicles; How to Bid
PPCK also explained that the sale is subject to reserve price where applicable.
Interested bidders are advised to continually check on the PPCK website: www.ppck.co.ke for any addendum (s) or clarifications that may arise before the Auction date.
“PPCK reserves the right to reject any bid below the reserve price and does not bind itself to give reasons for the rejection,” read the advert in parts.
About PPCK
PPCK was established in 1963 to govern the pyrethrum industry in Kenya.
It came as a result of a joint venture between Pyrethrum of Kenya (PMK) with Mitchell Cotts and the Commonwealth Development Corporation.
PBK later acquired the shares of the other shareholders and became the sole owner of the PPCK.
In 1973, PBK opened a liaison office, the Kenya Pyrethrum Information Centre (KPIC), in Salzburg, Austria, as a requirement to sell in the European market.