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Contract Number: EI00094
Contract Date: 07/01/2021 – 06/30/2029
Agreement: Negotiation
Renewals: None
Award Summary: Click RFP Number Field to view all awarded suppliers
eProcurement: N/A
RFP Number & Name: Negotiated – No RFP / Asset Management and Surplus Liquidation
Contract Availability: Healthcare;Higher Education;K-12

GovDeals

The GovDeals contract offers an online auction solution that enables educational institutions, both public and private, to maximize ROI for assets they no longer need. From administrative surplus to specialized assets and even real estate, GovDeals is a one-stop solution to help members generate revenue at the end of each asset’s lifecycle.

Economic Benefit Model | TEB = 3.0-10.0%
Contract Documents & Updates
Sign Up & Ordering Information
Resources

From office and classroom furniture and supplies to vehicles, lawnmowers, and heavy equipment, medical, lab, and research equipment, and even buildings and land, GovDeals has over two decades of auction success for higher ed institutions. And with no membership, signup, setup, or seller fees, this solution has no out-of-pocket cost for members – instead, asset buyers pay a small fee.

Contract Differentiators
  • With space at a premium and preference for online shopping, GovDeals can augment or replace on-campus stores with virtual storefront functionality
  • Support sustainability initiatives by allowing faculty and staff to view and claim available assets from a virtual warehouse
  • Create audience-specific websites that enable shoppers to find and purchase athletic and branded apparel and other assets
  • Reduce demolition and renovation costs and auction rites to the removal of fixtures, contents, architectural antiques, etc.
  • Turn inventory of excess buildings and land into revenue with GovDeals’ turnkey solution
  • GovDeals indemnifies sellers from all financial liability, so there’s no risk to you
  • Regionally-based account managers provide robust training and support
  • Dedicated marketing teams run ads in targeted trade magazines by asset type to ensure competition and maximize your ROI

Sustainability

Track landfill diversion and reuse/reutilization of assets while also generating revenue. GovDeals easily integrates with any sustainability initiative, offering a solution designed to improve internal processes, eliminate waste, help with internal reallocation, and generate revenue to support your green efforts.

More Information

Economic Benefit Model Statement

The E&I Economic Benefit Model™ (EBM) is a powerful tool that your institution can use to measure and communicate the overall value of its procurement activities. This benefit is derived from three key areas:

  • Cost Reduction
  • Cost Avoidance
  • Incentives & Revenue

Using the EBM, each of E&I’s more than 215 competitively solicited contracts have been scored with a Total Economic Benefit™ (TEB) to member institutions.

The TEB of this GovDeals contract is in the range of 3.0-10.0%.

ECONOMIC BENEFIT MODEL

Total Economic Benefit of this Contract:

3.0-10.0%

The Economic Benefit Model TEB is determined from baseline cost comparisons using historical data, competitive intelligence, market benchmarking, vendor quotes, and related criteria.

To learn more, visit EBM or contact your E&I Member Representative.

Contract Documents & Updates

Sign Up & Ordering Information

Resources

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