📝 Description
Scrap metal waste (code 17 04 05) is being sold via a public auction organized by AB "Kauno energija". The starting price, excluding VAT, is 71700,00 EUR. Qualified participants must be legal entities registered to manage waste and listed in the state register of waste managers.
The minimum bid increment is set at 717,00 Eur. A non-refundable bidder registration fee of 100,00 Eur is required, along with a security deposit of 5000,00 Eur. The deposit will be returned within 5 business days to participants who do not win the auction. If the winner fails to sign the contract within 5 business days, the security deposit is forfeited by the Seller.
Bidders can register from 2025-09-08 until 2025-09-12. The auction itself runs from 2025-09-18 09:00:00 to 2025-09-19 13:59:59. Property inspection is available on business days: Monday to Thursday from 7:30 to 16:30, and Friday from 7:30 to 14:00. Advance arrangement is mandatory for inspection.
The winner must sign the sale and purchase agreement within 5 business days of receiving the invitation and pay the full price (excluding VAT) within 3 business days after signing. The waste removal must be completed within 20 calendar days from the contract signing date. Participants must meet several requirements, including having no outstanding debts to the State budget and proper registration for waste management.
The minimum bid increment is set at 717,00 Eur. A non-refundable bidder registration fee of 100,00 Eur is required, along with a security deposit of 5000,00 Eur. The deposit will be returned within 5 business days to participants who do not win the auction. If the winner fails to sign the contract within 5 business days, the security deposit is forfeited by the Seller.
Bidders can register from 2025-09-08 until 2025-09-12. The auction itself runs from 2025-09-18 09:00:00 to 2025-09-19 13:59:59. Property inspection is available on business days: Monday to Thursday from 7:30 to 16:30, and Friday from 7:30 to 14:00. Advance arrangement is mandatory for inspection.
The winner must sign the sale and purchase agreement within 5 business days of receiving the invitation and pay the full price (excluding VAT) within 3 business days after signing. The waste removal must be completed within 20 calendar days from the contract signing date. Participants must meet several requirements, including having no outstanding debts to the State budget and proper registration for waste management.
❓ Frequently asked questions
What is the starting price for the scrap metal waste excluding VAT and the minimum bid increment?
The starting sale price for the property excluding VAT is 71700,00 Eur. The minimum bid increment in the auction is 717,00 Eur.
When will the public auction for the scrap metal waste take place?
The auction will run from 2025-09-18 09:00:00 until 2025-09-19 13:59:59. Bidding registration takes place from 2025-09-08 to 2025-09-12.
Can I inspect the property being sold, and how do I arrange it?
Property inspection occurs on business days (Mon-Thu from 7:30 to 16:30, Fri from 7:30 to 14:00). You must arrange a specific time with the listed contact person in advance.
What are the mandatory fees for participating in the auction?
The mandatory bidder registration fee is 100 Eur (non-refundable). The required security deposit is 5000 Eur.
Can any person participate in this auction?
No, only legal entities registered according to the laws of the Republic of Lithuania, having no debts to the State budget, and registered in the state register of waste managers are eligible to participate.
What are the winner's main obligations after the auction closes?
The auction winner must sign the contract within 5 business days and pay the full price (excluding VAT) within 3 business days after signing the contract. The deadline for waste removal is 20 calendar days from the contract signing date.