| WHO CAN PLACE A BID? |
Only registered GovEase members. You must register to bid. |
| WHAT IS AN AUTOBID? |
An autobid (or proxy) saves you time and money. An autobid authorizes GovEase to bid $100 above any competing bid, up to, but not exceeding the maximum dollar amount that you are willing to pay. In other words, your bid will automatically increase ONLY as other bidders participate, up to your specified maximum amount. This enables you to continually bid without having to constantly monitor the auction. |
| CAN I CHANGE OR CANCEL A BID? |
Your bid is an irrevocable offer to purchase the asset. |
| WHAT IS THE MINIMUM BID PRICE? |
That is the minimum dollar amount we are willing to accept for an item to be sold at the auction. |
| WHAT HAPPENS WHEN THE AUCTION ENDS? |
The winning bidder will receive an Asset Alert stating that the auction has closed including the asset description and closing bid price.
If you are the winning bidder, you will have to wire the funds to GovEase. For wire instructions please email support@govease.com. It is your responsibility to complete the sale - in accordance with the Terms of Sale signed during registration. |
| HOW DO I BID OFFLINE? |
You must contact GovEase’s Client Services Department at 1-769-208-5050. You will be registered to bid and will then receive the Offline Bid Form either faxed or mailed to you. You will also receive Terms of Service and Additional Terms of Service information. |
