Township of Edison Municipal Council Meeting Agenda April 2026
Online Auctioneer Contract Awarded For Surplus Sales
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Description
Edison Township awarded a one‑year contract to US Govbid / Auction Liquidation Services Company to conduct online auctions of surplus property. The firm will receive 4.5% of sales from the Township while buyers pay a 5.5% internet service fee, with an option for a one‑year renewal.
Contract Details
Contract Amount
4.5% of sales receipts (Township); 5.5% internet service fee (buyer)
Vendor
US GOVBID / AUCTION LIQUIDATION SERVICES COMPANY
Agency
Township of Edison, NJ
Contract Type
PROFESSIONAL_SERVICES
Document Date
April 22, 2026
Contract Term
1 year from execution with 1 optional additional year
Renewal Info
Initial 1‑year term with an option to renew for an additional 1 year at mutual discretion and same prices and terms.
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