edison-township-council-minutes-smart-city-vendor-selection-public-works-sep-13-2023_c35.pdf
Auctioneer Services Contract Awarded to US GovBid
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Description
Edison Township awarded a one-year contract to US GovBid / Auction Liquidation Services Company for online auctioneer services. The agreement sets a 4.5% commission for the vendor and 5.5% buyer service fee, with an option to renew for one additional year.
Contract Details
Contract Amount
4.5% of sales payable by Township, 5.5% Internet Service Fee payable by buyer
Vendor
US GOVBID / AUCTION LIQUIDATION SERVICES COMPANY
Agency
Township of Edison, NJ
Contract Type
PROFESSIONAL_SERVICES
Document Date
September 13, 2023
Contract Term
1 year from execution with option to renew for 1 year at same terms
Renewal Info
One year initial term, renewable for one year under same terms at both parties' discretion.
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