Online Auction Services for Disposition of University Surplus Property

This solicitation is a Request for Proposal (RFP) issued by Virginia Tech, an agency of the Commonwealth of Virginia, seeking an experienced online auction service provider to handle the university's surplus property auctions. The contractor will be required to provide a secure online bidding platform, collect payments, and submit sales receipts and reports within specified timeframes. The university is seeking the highest available sales prices, measures to discourage delinquent buyers, and the recruitment of new bidders. The contract term is for five years with three optional two-year renewals, and proposals are due by April 15, 2024 at 3:00 PM.

The university encourages participation from small, woman-owned, and minority-owned businesses and will evaluate proposals based on the quality of services, qualifications and experience, methodology, cost, and SWAM participation. The current contractor, Matthews Auctioneers, will be expiring in the summer of 2024, and the university is looking to establish a new partnership with an online auction platform and service provider. The university has not provided a specific budget range, but the contract is expected to be awarded to the most qualified and experienced vendor that can meet the university's objectives.