TENDER FOR SALE OF VEHICLETerms and ConditionsPlease read carefully all the terms and conditions for your tender submission. These terms and conditions apply to the vehicle tender process conducted by Baiduri Finance Berhad for the sale of vehicle(s) listed in the tender notice. By participating in the tender process, the tenderer agrees to comply with these terms and conditions.1. Eligibility Criteria:- Bruneian Residents: Only residents of Brunei Darussalam are eligible to participate in the tender process.
- Foreigners with Valid Employment Pass: Foreign participants must hold a valid employment pass in Brunei Darussalam at the time of submitting the tender.
- Age Requirement: Participants must be at least 18 years old and no older than 60 years at the time of submitting the tender.
2. Indicative Tender Price: The indicative tender price is an estimate of the vehicle’s resale value. It should not be construed as the final or accepted bid amount. The actual bid amount may differ and is subject to the acceptance or rejection of Baiduri Finance Berhad.
3. Sale on an “As Is Where Is” Basis and Inspection: All vehicles are sold on an “as is where is” basis, with no warranties or guarantees regarding their condition, fitness for a particular purpose, or merchantability. It is the sole responsibility of the tenderer to carry out any inspections or enquiries with relevant authorities regarding the condition of the vehicle(s) prior to submitting their bid(s). By submitting a bid, the tenderer acknowledges they have inspected the vehicle(s) or voluntarily waived the right to do so. Baiduri Finance Berhad expressly disclaims all implied warranties, including but not limited to, fitness for a particular purpose, merchantability, and non-infringement. Upon acceptance of the vehicle, the tenderer agrees to take the vehicle in its current condition and will not be entitled to raise any objections or claims regarding its condition. The tenderer accepts the vehicle in its current state and understands that any issues arising post-sale are their sole responsibility.
4. Finality of Bids: Baiduri Finance Berhad reserves the absolute right to accept or reject any tender bid(s) at its discretion. The decision regarding the acceptance, rejection, or re-tendering of any bid(s) is final and cannot be appealed or challenged. Baiduri Finance Berhad further reserves the right to withdraw the vehicle(s) from the tender process at any time, sell the vehicle(s) to a non-tendering party, or re-tender the vehicle at a different time or on different terms without prior notice.
5. Tender Submission Process: All tenders must be submitted through the Baiduri Finance Mobile Application (“BFMA”) before the closing time specified in the tender advertisement. The tenderer is solely responsible for ensuring that their submission is complete and includes all necessary documentation and information as required by Baiduri Finance Berhad. Any incomplete tenders or submissions that do not meet the requirements will not be entertained.
6. Disclaimer: Baiduri Finance Berhad is not liable for any technical issues, malfunctions, or failures within the BFMA that may prevent, delay, or result in an incomplete tender submission. The tenderer is fully responsible for ensuring that their submission is successfully completed within the stipulated time frame. By submitting a tender, the tenderer agrees to assume full responsibility for the successful completion of their bid via the BFMA and acknowledges that Baiduri Finance Berhad will not be liable for any issues related to the submission process.
7. Notification and Payment: Only successful tenderers will be notified by Baiduri Finance Berhad. Successful tenderers must confirm their acceptance of the bid by making full payment, including a non-refundable tender fee of BND150, within three (3) working days (Monday to Friday, during office hours) at Baiduri Finance Berhad’s Sumbangsih Beribi Office. Payment must be made directly to Baiduri Finance Berhad. No third parties or brokers are authorised to collect payments on behalf of Baiduri Finance Berhad. An official receipt evidencing proof of payment will be issued by Baiduri Finance Berhad once payment has been made. If payment is not received within the stipulated period, the bid will be considered withdrawn, and the vehicle will be made available for re-tender or sale to another party.
8. Vehicle Collection and Transfer of Ownership:- Collection Deadline: The successful tenderer must collect the vehicle from BFB Stockyard at Simpang 236, Lot 25955, Kampung Tungku, Mukim Gadong within ten (10) working days after making payment to Baiduri Finance Berhad. If the vehicle is not collected within the stipulated time frame, Baiduri Finance Berhad will not be liable for the condition of the vehicle.
- Transfer of Ownership: The successful tenderer must arrange with the relevant authorities for the transfer of ownership of the vehicle at its own cost. Any claims or liabilities from the authorities, such as the Land Transport Department (LTD), due to delays in the vehicle ownership transfer, will be borne entirely by the successful tenderer. Baiduri Finance Berhad will not be liable for any delays or complications related to the vehicle ownership transfer process.
9. Amendments: Baiduri Finance Berhad reserves the right to change, amend or vary these terms and conditions at any time without prior notice. Any amendments will be posted on BFMA. Tenderers are advised to regularly check for updates or changes to the terms and conditions.
