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When government agencies need to get rid of stuff, they put it up for auction. That’s what makes government auction sites, like GovDeals.com, a great place to find truly unique finds at a steep ...
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.
Between 2008 and 2011, Liquidity Services acquired four new marketplaces: Network International, GovDeals, TruckCenter.com, and the remarketing business of Jacobs Trading Company. [13] In 2012, it acquired GoIndustry DoveBid, a provider of surplus asset management, auction, and valuation services. [14] In 2015, the company lost two large contracts.
Our GovDeals segment delivered robust double-digit growth through ongoing seller acquisition and service expansion. Additionally, our Machinio segment achieved another quarterly revenue record, further solidifying its position as a leading platform for connecting buyers and sellers of used equipment worldwide.
The 1944 Surplus Property Act provided for the disposal of surplus government property. To deal with these disposals, numerous short-lived agencies were formed, such as the Surplus War Property Administration in the Office of War Mobilization (February – October 1944); the Surplus Property Board in the Office of War Mobilization and Reconversion (October 1944 – September 1945); and the ...
Most companies from time to time end up with surplus goods, liquidated goods and bankrupt stock. This can be a costly problem. When customers are told that the reason for a price reduction is a stock clearance, they find this less attractive than other explanations such as a volume discount. [ 1 ]
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