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Awarded contract·County of Riverside·California

Auctioneering & Liquidation Services for Sale of Estate Property

Won by I-15 Auctions, Inc.$250kSingle Award
Contract source

Awarded vendors

  • I-15 Auctions, Inc.

Description

The County of Riverside is seeking auctioneering and liquidation services for the sale of personal property belonging to estates under the jurisdiction of the Sheriff-Coroner/Public Administrator's Bureau. The selected vendor will be responsible for conducting auctions both on-site and online, and providing mobile off-location auction services as needed. The contract is expected to involve the sale of various types of personal property, including vehicles, furniture, and other items. Key aspects of the contract include: • The County's objectives are to maximize the return from the sale of personal property and maintain a professional, business-like posture. • The contract is expected to involve between four to five auctions annually. • The auctioneer/liquidator will be required to conduct auctions on Saturdays, unless otherwise approved. • The contract will be awarded to the lowest responsive and responsible bidder, pending approval from the Riverside County Board of Supervisors.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Government
NAICS
561990
Solicitation №
SHARC 427

Contract value

$250,000

The value of the contract is not explicitly stated, but based on the description of the services to be provided, it is likely to be a moderate-sized contract. The contract involves the sale of personal property, which could generate significant revenue for the County. However, the exact value of the contract would depend on various factors, such as the number and value of the items to be sold, the frequency of the auctions, and the commission rates charged by the auctioneer/liquidator. A rough estimate of the contract value could be in the range of $100,000 to $500,000 per year, depending on the specifics of the contract.

AI estimate from the award documents

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