indian_river_central_school_district_board_meeting.pdf
District Approves GovDeals Online Auction MOU
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Description
The Indian River Central School District approved an MOU with Liquidity Services Operations LLC dba GovDeals, Inc. to provide an online auction platform for surplus asset sales, with costs borne by buyers via a 10% premium. The agreement runs for 12 months with automatic annual renewals unless terminated.
Contract Details
Contract Amount
0% paid by Client; 10% Buyers Premium paid by winning bidder
Vendor
LIQUIDITY SERVICES OPERATIONS LLC DBA GOVDEALS INC
Agency
Indian River Central School District, NY
Contract Type
TECHNOLOGY
Document Date
November 20, 2025
Contract Term
Twelve months from execution, with automatic one-year renewals unless terminated with 60 days’ notice
Renewal Info
Initial 12-month MOU term beginning on the date signed by the second party; automatically extends for additional one-year periods unless either party provides written notice of intent not to renew at least 60 days prior to the anniversary date.
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