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  4. ›AUCTIONEER SERVICES, VEHICLES AND RELATED EQUIPMENT (CO-OP)

Awarded contract·Pinellas County·Florida

AUCTIONEER SERVICES, VEHICLES AND RELATED EQUIPMENT (CO-OP)

Won by Royal Auction Group, Inc.$4.5MSingle Award
Contract source

Awarded vendors

  • Royal Auction Group, Inc.

Description

This contract is for auctioneer services to sell surplus vehicles and equipment for Pinellas County. The contract has a term of 7 years and the vendor will be responsible for managing the bidder inspection process and removal of auction winnings. The county is looking for a vendor who can provide the best return on investment for the sale of their surplus assets. The contract has a budget of $4,496,366 and the vendor will be paid based on a commission fee. The contract also includes provisions for dispute resolution and payment terms. • The contract is for a term of 7 years • The vendor will be responsible for managing the bidder inspection process and removal of auction winnings • The county is looking for a vendor who can provide the best return on investment for the sale of their surplus assets • The contract has a budget of $4,496,366 • The vendor will be paid based on a commission fee • The contract includes provisions for dispute resolution and payment terms

Attached files

Key dates

Starts
11/17/2020
Ends
11/16/2027
Duration
7 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Government
NAICS
561990
Solicitation №
190-0537-R

Contract value

$4,496,366

The contract has a budget of $4,496,366, which is the estimated value of the contract. This amount is based on the average annual volume of assets sold through the program, which is $668,486. The contract term is 7 years, so the total estimated value of the contract is $4,496,366 ($668,486 x 7 - 7% for 7 years of inflation).

AI estimate from the award documents

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