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In October 2020, Bid4Assets pioneered Pennsylvania's first internet-based sheriff sale for Montgomery County, Pennsylvania. Montgomery County's sheriff was quoted as stating “COVID-19 was clearly the precipitating factor and an online auction is a safer way to go in the current health crisis."
DGS builds all non-highway Capital projects, procures nearly $4 billion of goods and services, serves as the real estate agent for state-owned land and leases, oversees the Commonwealth vehicle fleet, maintains all state-owned facilities, implements an energy-management and conservation initiative in all state-owned buildings, serves as the ...
Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.
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The Surplus Record has been available online since 1986, [4] when buyers would use 2400-baud modems to access it. Currently, it is the largest online directory in the world for surplus capital equipment. [5] The company started its own online auctions in 1999, [1] [6] a year before it was acquired.
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