Auction Services - Online (NASPO ValuePoint)

The North Dakota NASPO ValuePoint Online Auction Services contract provides a comprehensive web-based platform for governmental and public entities to sell surplus assets through digital auction mechanisms. The vehicle enables state agencies, higher education institutions, counties, cities, townships, public schools, governmental boards, nonprofit organizations, tribal agencies, and transportation providers to utilize an online auction system. Participants can leverage a Tier 1 website-only service for marketing and selling surplus assets, with the option for comprehensive financial settlement services through Tier 2.

The contract is administered by GovDeals (Liquidity Services Operations LLC) and is effective from September 2, 2022, through September 1, 2024, with potential four additional two-year renewal periods. The pricing structure features a 0% seller fee and a 12.5% buyer's premium, with GovDeals managing tax collection, payment processing, and providing a fully hosted auction platform. The vehicle covers the entire State of North Dakota and is established under North Dakota Century Code, offering participating entities full auction site hosting, maintenance, training, customer support, and technology upgrades at no additional cost. The contract allows for customizable services to meet specific client requirements across various public sector organizations.