CSP904121_DAS005_Contract_Rev..pdf

Index No.: DAS005

Eff. Date: 04/01/24

STATE OF OHIO

DEPARTMENT OF ADMINISTRATIVE SERVICES

GENERAL SERVICES DIVISION

OFFICE OF PROCUREMENT SERVICES

4200 SURFACE ROAD, COLUMBUS, OH 43228-1395

MANDATORY USE CONTRACT FOR: ONLINE AUCTION SERVICES

CONTRACT NUMBER: CSP904121 EFFECTIVE DATES: 04/01/21 TO 03/31/24

* Renewal through 03/31/26

The Department of Administrative Services has accepted Proposals submitted in response to Request for Proposal (RFP) No.

CSP904121 that opened on 01/20/21. The evaluation of the Proposal responses has been completed. The Offeror listed herein has been determined to be the highest ranking Offeror and has been awarded a Contract for the services listed. The respective Proposal response including, Contract Terms & Conditions, any Proposal amendment, special Contract Terms & Conditions, specifications, pricing schedules and any attachments incorporated by reference and accepted by DAS become a part of this Services Contract.

This Requirements Contract is effective beginning and ending on the dates noted above unless, prior to the expiration date, the Contract is renewed, terminated, or cancelled in accordance with the Contract Terms and Conditions.

This Requirements Contract is available to the Department of Administrative Services as applicable.

The agency is eligible to make purchases of the contracted services in any amount and at any time as determined by the agency. The State makes no representation or guarantee that department will purchase the volume of services as advertised in the Request for Proposal.

This Requirements Contract and any Amendments thereto are available from the DAS Web site at the following address:

www.ohio.gov/procure

*Indicates twenty-four (24) month contract renewal through 03/31/26.

Eff. Date: 04/01/21

MUTUALLY AGREED UPON CLARIFICATIONS & CHANGES

1. The Contractor and State agree to allow the Contractor to perform tasks at the State Surplus Warehouse or State Agency locations instead of an off-site vendor facility.

2. Supplement Two Clarifications regarding State Information Security and Privacy Requirements, State Data Handling Requirements

• The Contractor agrees to comply with the terms of section 3.1, 3.2, and 3.4 regarding reporting of incidents within the required timeframe.

• Additional reports were provided by the Contractor to verify their compliance with the requirements of the Supplement.

3. Cost Summary Clarifications

• Table A will be used to determine the Buyer’s Premium for each year of the Contract.

The Contractor shall notify DAS of their calculation of Annual Sales Volume each year. Upon mutual agreement of the Annual Sales Volume amount, the Contract will be amended to update the Cost Summary page columns for Annual Sales Volume and Buyer’s Premium.

Table A will be used to determine the Buyer’s Premium for each year of the Contract based upon the mutually agreed upon Annual Sales Volume.

TABLE A

Annual Sales Volume Auctioneer’s Commission (Percentage of Sale)

Buyer’s Premium (Percentage of Sale)

< $1 Million (MM) 0% 12% $1 MM to <$2 MM 0% 11% $2 MM to <$4 MM 0% 10% $4 MM or More 0% 9%

• Annual Sales Volume will be determined using the sales from February through January each year. The Annual Sales Volume is used to determine the Buyer’s Premium percentage to be used.

o For example, the Buyer’s Premium for April 2021-March 2022 would be based upon annual sales from February 2020-January 2021. The Buyer’s Premium for April 2022-March 2023 would be based upon the sales volume from February 2021-January 2022. The Buyer’s Premium for April 2023-March 2024 would be based upon the sales volume from February 2022-January 2023.

o This method of calculating the Annual Sales Volume to determine the Buyer’s Premium will continue throughout the term of the Contract and any renewals, unless mutually agreed upon by the Agency and Contractor.

• The Annual Sales Volume for February 2020 through February 2021 falls within the $2 Million to < $4 Million section of the Table A. The Buyer’s Premium for contract inception through 3/31/22 will be 10%.

COST SUMMARY

Online Auction Services

CSP904121

UNSPSC CATEGORY CODE: 80141705

Dates Annual Sales Volume Auctioneer’s Commission (Percentage of Sale)

Buyer’s Premium (Percentage of Sale)

4/1/21 through 3/31/22 $2 Million to < $4 Million 0% 10%

4/1/22 through 3/31/23 *$ 6,607,590.87 0% *9%

4/1/23 through 3/31/24 *$ 6,383,159.23 0% *9%

*4/1/24 through 3/31/25 *$ 5,465,733.70 0% *9%

*4/1/25 through 3/31/26 To Be Determined 0% To Be Determined

* Indicates updated Annual Sales Volume and Buyer’s Premium.

Eff. Date: 04/01/21

CONTRACTOR INDEX

CONTRACTOR AND TERMS: BID CONTRACT NO.: CSP904121

277162 Liquidity Services Operations LLC TERMS: Net 30 Attn: Accounting Department 100 Capitol Commerce Blvd., Suite 100 Montgomery, AL 36117

CONTRACTOR’S CONTACT:

Alicia Andrews Toll-Free: 800-613-0516 Ext. 4470 Phone: 334-274-3846 E-mail: vendor@govdeals.com mailto:vendor@govdeals.com

SUMMARY OF AMENDMENTS

Amendment

Number Effective

Date Description

1 04/01/24

As a result of mutual agreement between the State of Ohio and the Contactor, this amendment is issued to renew the subject contract an additional twenty-four (24) months, effective 04/01/24 through 03/31/26.

In addition, this amendment is issued to add a summary of amendments page and update the Cost Summary Page.