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Awarded contract·Fauquier County·Virginia

Auctioneer Services & Related Products & Services

Won by Liquidity Services Operations, LLC dba GovDeals$200kAwarded 10/22/2024Single Award
Contract source

Awarded vendors

  • Liquidity Services Operations, LLC dba GovDeals

Description

This contract provides Region 4 Education Service Center with a full‑service, web‑based auction solution for the disposal of surplus school property. GovDeals will host the online auction platform, supply seller and bidder tools, deliver implementation and training at no charge, and provide continuous technical support, system upgrades, and marketing of auction listings. The vendor receives a 1.25 % buyer’s premium on gross auction proceeds; there are no registration, implementation, or support fees for the agency. The agreement runs for three years with the possibility of two one‑year renewals. • Online and live auction capabilities with multi‑auction management. • Unlimited onboarding, training, and 24/7 support included. • Revenue‑share model (1.25 % of gross proceeds) and marketplace‑facilitator tax handling.

Attached files

Key dates

Bids closed
8/5/2024
Intent to award
10/22/2024
Awarded
10/22/2024
Starts
11/1/2024
Ends
12/31/2027Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Education
NAICS
561990
Solicitation №
25-120-C-R

Contract value

$200,000

No contract value is disclosed. GovDeals earns a 1.25 % buyer’s premium on auction proceeds. Assuming an average of $2 million in surplus assets sold per year across the 47 districts and 40 charter schools served, annual revenue to the vendor would be about $25,000 (1.25 % of $2 M). Over the three‑year base term this equals roughly $75,000. Adding potential marketing services, implementation support, and possible growth in auction volume, a reasonable ballpark for the total contract value is in the low‑to‑mid six‑figure range, estimated around $200,000.

AI estimate from the award documents

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