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City and Borough of Wrangell·Alaska

Over-the-Counter - HARBOR Surplus

Closes 9/13/2019$5k – $7kInvitation for Bid
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Description

The City & Borough of Wrangell is conducting a sealed‑bid surplus auction of two items: a 41‑ft fiberglass fishing hull (“TRES SUERTES”) and a collection of vans/building‑supply equipment. Bids must be submitted in a sealed envelope marked “Harbor Auction Sale – August 23 2019 2:00 pm.” The auction will be held at Wrangell City Hall on the stated date, with the highest acceptable sealed bid winning each item. Minimum bids are $6,888 for the hull and $5,033 for the vans/supplies. All items are sold “as‑is” with no warranties, and purchasers must sign a waiver releasing the Borough from liability. • Items for sale: 41‑ft fiberglass hull (minimum $6,888) and vans/building supplies (minimum $5,033). • Auction date & time: Friday, August 23 2019 at 2:00 pm, City Hall, Wrangell. • Bidding process: sealed‑envelope submission, high‑bidder notified within 1‑2 days, payment due within one week. • No warranty; buyer assumes all risk and must sign a liability waiver. • Contact: Harbor Department, phone (907) 874‑3736.

Attached files

Contact

(907) 874‑3736

Key dates

Opened
10/7/2026
Closes
9/13/2019

Last updated

Details

Type
Invitation for Bid
Industry
Wholesale
NAICS
423860

Budget estimate

$5,000 – $7,000

The only monetary values disclosed are the minimum bids: $6,888 for the fiberglass hull and $5,033 for the vans/building‑supply lot. Assuming the winning bidder pays roughly the minimum bid (or a modest premium), the total cash outlay for the purchaser will be in the $12 k–$15 k range. Because this opportunity is a purchase, not a service contract, the “earnings” for the buyer would be the value they can later realize by reselling or utilizing the assets. A realistic resale or utilization profit margin for used marine equipment is typically 20‑40 %, yielding an estimated budget range of roughly $5 k to $7 k. Factors influencing the budget include the condition of the hull, market demand for used vessels, transportation costs, and any refurbishment required.

AI estimate from the solicitation

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