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  4. ›CONDUCT INTERNET-BASED AUCTION OF CERTAIN TAX-DEFAULTED…

Awarded contract·County of Riverside·California

CONDUCT INTERNET-BASED AUCTION OF CERTAIN TAX-DEFAULTED PROPERTIES

Won by Bid4Assets, Inc.$500kSingle Award
Contract source

Awarded vendors

  • Bid4Assets, Inc.

Description

The County of Riverside is soliciting quotations from vendors qualified in conducting internet-based auctioneering of certain tax-defaulted properties. The contract is for the provision of internet-based auction services, and the County anticipates conducting one to four auctions per year. The selected vendor, Bid4Assets, Inc., will be responsible for conducting the auctions and providing the necessary services. Key aspects of the contract include the provision of internet-based auction services, the conduct of one to four auctions per year, and the responsibility of the selected vendor to provide the necessary services. • The County of Riverside is seeking a vendor to conduct internet-based auctions of tax-defaulted properties. • The contract is for the provision of internet-based auction services. • The County anticipates conducting one to four auctions per year. • The selected vendor, Bid4Assets, Inc., will be responsible for conducting the auctions and providing the necessary services. • The contract includes the provision of internet-based auction services, the conduct of one to four auctions per year, and the responsibility of the selected vendor to provide the necessary services.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Government
NAICS
541910
Solicitation №
TTARC-019

Contract value

$500,000

The contract value is not explicitly stated in the document. However, based on the fact that the County anticipates conducting one to four auctions per year, and assuming an average revenue per auction, a rough estimate of the contract value could be made. For example, if the average revenue per auction is $100,000, and the County conducts two auctions per year, the total contract value would be $200,000 per year. Over a period of two to three years, the total contract value would be $400,000 to $600,000. This is a rough estimate and the actual contract value could be higher or lower.

AI estimate from the award documents

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