Online Auction Services
Location:
Iowa, United States
Posted on:
Deadline:
Summary:
Iowa is seeking providers to deliver online auction services for the sale of surplus land, with requirements for active marketing, trust accounting, and support throughout the transaction process.
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The government authority in Iowa is seeking competitive bids for online auction services to manage the disposal of excess right-of-way properties. The selected vendor will be responsible for providing an electronic online auction platform for the sale of various tracts of land and improvements throughout the state.
The vendor must maintain an active trust account for handling the receipt and disbursement of all funds related to the sales, including earnest deposits and final balances. The service provider must market parcels for a minimum of 30 days to ensure proper facilitation between buyers and sellers. Additionally, the vendor is required to offer both written and verbal instructions to successful bidders until all funds are collected and deposited.
The provider must supply timely reports regarding outstanding funds due for the sale of each parcel, ensuring transparency and accountability throughout the auction process.
Best-fit vendors:
• Experienced in electronic and online property auction platforms
• Demonstrated capacity to manage trust accounts and handle substantial transactions
• Knowledgeable in state and government property disposal regulations
• Ability to provide ongoing support and clear communication to bidders
• Proven track record in marketing and successfully selling land parcels
