Auction Services - Online (NASPO ValuePoint)

The North Dakota NASPO ValuePoint Online Auction Services contract provides a comprehensive digital platform for government entities to sell surplus assets through an online auction mechanism. Designed to serve state agencies, higher education institutions, counties, cities, townships, public schools, governmental boards, nonprofit organizations, tribal agencies, and transportation providers, the contract enables efficient disposition of government property. The service offers two distinct tiers: Tier 1 provides a website-based auction platform with a 12.5% buyer's premium and no seller fees, while Tier 2 includes additional financial settlement services such as tax collection, fraud protection, and weekly proceeds remittance.

The contract is awarded to Liquidity Services Operations LLC, doing business as GovDeals, with a performance period from September 2, 2022, through September 1, 2024, with potential for four additional two-year renewals. Covering the entire State of North Dakota, the contract is structured as a cooperative purchasing agreement that allows flexible participation across various public sector entities. The online auction platform includes comprehensive services such as asset listing, bidder registration, payment processing, and reporting, with a guaranteed 99.5% system availability and 24/7 technical support. While specific total contract value is not disclosed, the pricing model allows for potential rate negotiations based on asset type, value, or sales volume.