Contract Number: EI00094

Contract Date: 07/01/2021 – 06/30/2029

Agreement: Negotiation

Renewals: None

RFQ

eProcurement: N/A

RFP Number & Name: Negotiated – No RFP / Asset Management and Surplus Liquidation

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.

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 Highlights

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.

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GovDeals

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