INVITATION FOR EXPRESSION OF INTEREST (EOI)

HIRING A PARTY TO PURCHASE ALL THE AUCTION ITEMS AT STATE TRADING ORGANIZATION PLC

State Trading Organization Plc (STO) invites interested and eligible parties to meet the requirements set out in this announcement to submit a written Expression of Interest (EOI) to purchase all the auction items at State trading organization Plc.

The shortlisted applicants will then be invited to submit a more detailed proposal through a restricted Request for Proposal process.

1.      Auction Items Types

1.1   Used goods and materials.

1.2   Damaged goods and materials.

1.3   Scrap materials.

2.      The Eligible Tenderers are limited to:

2.1   The applicant must provide their own warehouse, available for inspection, with a minimum area of 2,000 to 5,000 SQFT and must hold the appropriate authority or certification for the safe handling and disposal of hazardous chemical materials.

2.2   The applicant must not be a Blacklisted / Default/ Legal Customer of State Trading Organization Plc. or any subsidiaries of State Trading Organization Plc.

2.3   The applicant must not be blacklisted or debarred by the Ministry of Finance and must not have any unresolved issues with the Ministry of Economic Development or MIRA.

3.      Eligibility of the proponent will be validated by:

3.1   Reference letter/work completion certificates or any documentation in the name of Companies/Government Entities/Institutions/Commission etc. (any legal or government entity) which proves bidders’ engagement in the proposed similar nature of design, supply, and installation of electrical panel and power backup systems.

4.      Required documents for registration:

4.1   Relevant business registration certificate.

4.2   Relevant tax registration certificate.

4.3   Memorandum of association (If applicable) and Articles of association (If applicable).

4.4   Business information sheet (Ministry of economic development).  

4.5   Bank details.  

4.6   Identity card / Passport copies of business shareholders / Owner.

4.7   MIRA Tax clearance report.

4.8   Work completion letters / Reference letters.

4.9   Photographs and images of the proposed warehouse, including detailed measurements, must be submitted.

5.      Tendering Process

Registration & bid document: Tenderers can register via email to [email protected] along with the company certificates and documents required to verify the eligibility criteria.

Deadline for registration:         3^rd July 2025, 11AM (Maldives Time)

ONLY Eligible Tenderers can participate in the tender.

A complete set of Bidding Document in English will be sent via email only to the parties who have successfully registered and are eligible under the tender. 

STATE TRADING ORGANIZATION PLC.                               

Address: Boduthakurufaanu Magu, Maafannu, Male’ 20345, Republic of Maldives

Telephone: 1422

Contact person:  Ahmed Shafy Adam

E-mail Address: [email protected]

For further information, please contact STO Plc. on the above address.

Note: All timings mentioned are Maldivian timings (GMT+05:00)

All dates and timings may be subject to change and will be informed via email beforehand.