| Why
does the government sell goods at auctions ? |
| All
Government Agencies rotate their inventory on a regular basis.
Government Agencies are mandated by law to put their surplus
up for public Auction. |
| What
type of merchandise is sold at auctions ? |
| This
is a partial list of the most common items
: Automobiles
, Trucks ,Vans , Buses , Jeep Cherokee , Motorcycles , ( Most
Vehicles are in excellent condition, with low mileage. at G.S.A.
Government Auctions.) , Boats , Ships , Airplanes , Cameras
, Office equipment , Computer equipment , Building Materials
, Electronic Equipment, Farm Equipment , Homes , Commercial
Real Estate , Bicycles , VCRs , Stereos , Power Tools, forklifts
, Audio Visual Equipment , and much much
more. |
| How
do Private Auctions operate? |
| Operates
the same as a public auction. But the public is not invited.
Bidders must be invited by the auctioneer, or his employer. |
| What
is a Candle Auction Sale? |
| A
candle sale is a type of auction that uses phone mail as the
method of bidding. A minimum bid or asking price will be established
for a property and prospective bidders will be required to place
a deposit with the State in order to participate. |
| What
is Spot Bid Auctions? |
| Similar
to a sealed bid auction. But you would be present at the auction
site. As each item comes up for sale if you wish to bid you
will write down your bid and bidder number. Insert it into an
envelope. Then hand it to the auctioneer. He opens all bids.
The highest bid wins. |
| How
do Negotiated Sales Auctions operate? |
| Bids
are made before you attend the Auction. |
| What
are Public Auctions? |
| The
Federal agency follows traditional auction procedures and gives
prospective buyers a description of the property to be auctioned
along with bidding instructions before the auction. The auctioneer
conducting the sale offers the property item-by-item and awards
the item to the highest bidder. When buying through an auction,
the buyer must be present to bid, unlike the sealed bid method,
which is conducted by mail. |
| What
are Sealed
Bid Auctions? |
| These
auctions are most often conducted by mail. On your request the
government will send you an "Invitation to Bid" form (for each
item you wish to bid on ). You must fill it out. Include a deposit
(set by the auction). Then mail it to the auction by a preset
cut off date. All bids will be opened at the same time, and
the highest bidder wins. If you do not win the bid. Your deposit
will be returned along with the results of the auction. |
| What
is a Sealed
Bid? |
| The
Federal agency prepares an "Invitation for Bid," an informational
sheet that describes the property being offered for sale and
includes the terms and conditions of sale. It contains all the
information you need to bid on the item. If interested, you
submit your bid to the agency, usually by mail. On the bid-opening
date, the bids are read publicly and the award is made to the
highest bidder who has correctly followed the required procedures. |
| What
are Reserve
Auctions? |
| A
reserve auction is generally open to the public. The auctioneer
offers items for bids with a minimum price. If that price is
not reached in the bidding, that item is not sold. If the owner
of the item is present at the auction, the auctioneer will ask
him if he will accept the lower bid |
| What
is Pre set? |
| The
auctioneer must accept all bids. If there is only one bid of
one dollar on an item. The auctioneer must sell to that bidder. |
| What
is an Absolute
Auction? |
| This
auction is considered the best one to attend. An Absolute auction
has no reserve prices. |
| |
