Description
The State of Vermont’s Department of Buildings & General Services is seeking a qualified auctioneer (or auction firm) to provide comprehensive online and on‑site auction services for surplus state‑owned assets, including vehicles, equipment, and other items. The contract is a 24‑month base period with up to three one‑year renewal options and is awarded on a commission‑based model. The contractor must handle all aspects of auction planning, advertising, execution, reporting, and financial settlement, while meeting strict performance, security, and compliance requirements.
• Provide both online auction platforms (real‑time bidding, no reserve, hidden reserve, proxy bidding, etc.) and physical on‑site auctions (including PA system, catering, portable restrooms, and advertising of at least 800 printed brochures).
• Deliver detailed post‑auction reporting within specified timeframes and ensure prompt payment to the State (check within 15 business days).
• Supply a financial guarantee (bank letter, standby L/C, surety bond, or certified cash) ranging from $100,000 to $500,000 prior to each on‑site auction.
• Meet a suite of certifications (non‑collusion, worker‑classification, climate‑change, Ukrainian solidarity, lobbying) and adhere to the State’s “no buyer’s premium” preference.