RFP 25-26/j-AB auctioneer services

The Virginia IDV CTR036245 provides a comprehensive procurement mechanism for auction services through a master contract with Peoples Auction Company Inc. The vehicle enables governmental and public sector entities to access professional auction services, facilitating the sale of surplus, obsolete, or seized assets through a standardized and efficient contracting process. The scope encompasses a wide range of auction-related activities, including property evaluation, marketing, auction management, and transaction processing for various types of movable and immovable assets.

The contract is awarded by the City of Hampton and will remain active from February 7, 2025, to February 6, 2030, providing a five-year period of performance across the Commonwealth of Virginia. Peoples Auction Company Inc. serves as the prime contractor, with the IDV structured to support state and local government procurement needs. While specific contract value details are not provided, the vehicle offers a pre-negotiated, competitively solicited solution for public sector entities seeking professional auction services with a defined geographic coverage limited to the Commonwealth of Virginia.