Business Opportunities - Government Auctions
Number of Customer Reviews for Government Auctions: 1
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Government auctions are sales of unwanted furniture, articles, or other similar items seized in government raids. You can find many advertisements for Government Auctions in the newspapers. There is no secrecy for these auctions as some auction-marketers assert. These people advertise that most have no knowledge of existence of government auctions. Therefore, you can win cars or homes at throwaway prices. All such information is baseless. Most often, government auctions sell items at prices close to listing prices. Government does not or rather ever give anything free or for cost of peanuts.
You can get a list of government auctions from Government agency procurement offices. You get such lists for nominal costs of $5 to $10. If you want to take part in government auction, place your company’s information on vendor’s list of any specific agency. Such placing of information is possible by calling, writing, or subscribing to this service. However, the best choice is to write to agency requesting enlistment in their vendor list.
Thereafter, government issues notifications for forthcoming auctions through Request for Proposal (RFP). This is an important document providing all details of venturing on government auction business. It details costs involved, advertising, reimbursement facts, etc. It is best to understand all legal implication of different clauses and lists in Request For Proposal form. Procurement officer provides details about last winning bid amount, overall revenue, etc. This information helps you decide to go ahead or back out of government auctions. You need to be sure of winning contracts, otherwise government auctions can close down your business.
In majority cases, procurement officer is unaware of various processes of government auctions. Therefore, he cannot be your true guide. You need to keep all paperwork about government auction safely and properly. This helps in dealing with any problems later. Getting good deals is difficult; however, once you have winning bid, you have to buy it. You cannot move back as most government auctions demand guaranteed mode of payments like certified check, money order, etc.
In reality, government auctions are means for people selling such courses, to make money. Auctions are by themselves no means profitable.
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