Notice of Intent to Award for Solicitation 240000002823

This Notice of Intent to Award is for a three-year contract with up to two renewal option years for auctioneering services to dispose of lost, unclaimed or abandoned personal property in the custody of the Michigan Department of Treasury's Unclaimed Property office. The contract will be awarded through RFP 240000002823 and will primarily involve online public auctions with the option for live auctions. The evaluation criteria included meeting RFP requirements, with a maximum score of 100 points. Two bidders submitted proposals - Chuck Cryderman & Associates, L.L.C. received a score of 97 points and was recommended for award, while Lone Star Auctioneering, Inc. received a score of 69 points and did not meet the requirements. The pricing includes a 15% buyer's premium for online auction services and a 10% buyer's premium for cash/check purchases and 13% for credit card purchases for live auction services.

The Notice does not indicate any set-aside designations or restrictions on the types of organizations that can respond. The incumbent vendor is not specified. The contract value is listed as $180,000, though the budget range was not provided.