Auction Services
This agreement establishes auction services to facilitate the sale of city-owned surplus property, equipment, and salvage assets. It includes online and live public auctions, bidder management, item preparation, reporting, and secure payment processing to support transparent, efficient asset disposition.
Document checklist
Includes Contract/MSA
Includes Pricing Documentation
Includes an RFP
Includes Advertisement Documents
Includes Board Approval Resolution
Includes Renewal Documentation
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Description
This agreement establishes auction services to support the sale of surplus municipal property and equipment. It connects entities with experienced service providers delivering online and live auctions, asset preparation, bidder management, and post-sale reporting.
Key Service Categories:
- Online and Live Auction Services: Conduct of internet-based and public absolute auctions
- Asset Preparation and Lotting: Photography, cataloging, testing, and grouping of auction items
- Bidder Registration and Management: Registration, bidder verification, and auction administration
- Payment Collection and Processing: Secure collection of proceeds and applicable taxes
- Asset Storage and Handling: Secure storage and onsite auction management for large equipment
- Reporting and Reconciliation: Detailed post-auction reports, buyer lists, and financial summaries
Benefits Aligned With Desired Outcomes:
- Transparent Asset Disposal: Open, competitive auctions for surplus property
- Revenue Recovery: Maximizes return from surplus equipment and materials
- Operational Efficiency: Outsourced auction management reduces internal workload
- Financial Accountability: Provides documented results and reconciliation reporting
This contract supports efficient and transparent disposal of surplus municipal assets through professionally managed auction services.
