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GovDeals
Why use GovDeals instead of holding a local public auction?
GovDeals clients report that they receive 20 percent to 60 percent more for assets sold through GovDeals than they ever received at a live public auction. GovDeals sells only government surplus, but any registered and authenticated buyer may bid (including numerous governments in search of equipment for their own operations).
 What are some of the advantages of using GovDeals?
The GovDeals agreement is non-exclusive and therefore GovDeals is used completely at the seller’s choice. GovDeals, local auctions and sealed bid sales can all co-exist but most governments adopt the GovDeals solution exclusively once exposed to all its features, benefits and results.
Every auction completed during the past 12 months may be accessed on the GovDeals site at “Closed Items,” allowing any GovDeals.com visitor to research all auction results.
The GovDeals system provides a detailed audit trail that is available for a client in the event there is ever a question about the sale of an asset.
Bidder user identification information is confidential. Bidders cannot interact, thus making bidder collusion extremely difficult to accomplish. This is certainly not the case in a live auction.
How do I go about listing surplus on GovDeals?
GovDeals provides a framework within which a government client can list assets for sale, including descriptions, photographs and other details necessary to communicate the particulars of the asset to potential buyers. No additional software is needed – all transactions and information are exchanged on a secure Web site.
Who else is using GovDeals?
GovDeals has more than 950 government entities selling in 32 states. Large and small governments share the same fees, program and benefits. Click here to read testimonials from North Carolina county government employees.
What is the commission/fee schedule?
The GovDeals fee is 7.5 percent of the selling price on items sold with 30 days’ net payment terms. There are no listing, marketing or other miscellaneous fees. There are no upfront charges for training and no costs for ongoing support from GovDeals’ client services staff and toll-free help desk.
Who do I contact for more information?
Contact NCACC Director of Member Services Ed Wooters at (919) 715-0705 or ed.wooters@ncacc.org; or Terry Bazzoon, a licensed auctioneer and appraiser and with more than 20 years experience in strategic marketing and auction marketing, at (865) 406-3783 or tbazzoon@govdeals.com.
GovDeals information archive
Sold! GovDeals goes for $10 million (January 2008)
GovDeals, the online auction marketplace for the sale of surplus and confiscated items for local and state government entities, has been purchased by Washington, D.C.-based Liquidity Services Inc. (LSI) for approximately $10 million.
Selling surplus is a snap on GovDeals (October 2007)
GovDeals pioneered online auction services focused solely on governments six years ago and recently celebrated its 1,400th client nationwide. In North Carolina, GovDeals is used by 219 different governments and agencies, including 53 different counties, numerous cities, utility districts, school systems, law enforcement and other governmental agencies.
GovDeals opens N.C. offices in Wake, Mecklenburg (February 2007)
GovDeals.com, an NCACC-endorsed strategic partner providing online auction services, announced Jan. 29 the opening of a sales office in Charlotte and a client services field office in Raleigh.
Easy sell (November 2006)
From garage doors to desks to ‘dozers, GovDeals makes unloading surplus property a snap
What a deal! (November 2005)
N.C. counties selling surplus, generating revenue via GovDeals Internet auction site
GovDeals offers counties chance to expand customer base for surplus equipment (December 2004)
Several counties are taking advantage of the NCACC’s strategic partnership with GovDeals, an Internet auctioneer of government surplus items that gives members an opportunity to purchase and sell equipment utilizing the global reach of the Internet.
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