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  4. ›ON-LINE AUCTION OF SURPLUS EQUIPMENT & VEHICLES

Awarded contract·City of Chico·California

ON-LINE AUCTION OF SURPLUS EQUIPMENT & VEHICLES

Won by BidCal Online Auctions$75kSingle Award
Contract source

Awarded vendors

  • BidCal Online Auctions

Description

The City of Chico is seeking a vendor to conduct an on-line public auction of City-owned surplus equipment and vehicles. The contract term is five (5) years. The vendor will be responsible for conducting the auction and providing services such as drop-off, smog, and DMV paperwork. The vendor will also be responsible for paying shipping costs and government fees. The City of Chico will pay the vendor a commission on the sales, which is 15% of the total sales. • The contract term is five (5) years • The vendor will conduct an on-line public auction of City-owned surplus equipment and vehicles • The vendor will provide services such as drop-off, smog, and DMV paperwork • The vendor will pay shipping costs and government fees • The City of Chico will pay the vendor a commission on the sales, which is 15% of the total sales

Attached files

Key dates

Duration
5 years

Last updated

Details

Award type
Single Award
Industry
Government
NAICS
561990
Solicitation №
2019 On-Line Auction of Surplus Equipment

Contract value

$75,000

The contract value cannot be determined with certainty, as the total sales of the surplus equipment and vehicles are not specified. However, based on the commission percentage of 15%, we can estimate that the total sales will be significant. Assuming an average sale price of $1,000 per item, and an estimated 100 items sold per year, the total sales would be $100,000 per year. With a commission percentage of 15%, the vendor would earn $15,000 per year. Over the five-year contract term, the total contract value would be approximately $75,000.

AI estimate from the award documents

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