Press Releases
GSA Makes It Easier to Buy Government Property
October 3, 2005
Washington, D.C. - The General Services Administration's (GSA) new Federal Asset Sales (FAS) initiative is expected to increase revenues from the sale of billions of dollars worth of surplus, seized, and forfeited property the government acquires each year. GSA expects the new Federal Asset Sales (FAS) initiative to shorten the sales process and increase revenues from government property sales.
"The goal of the Federal Asset Sales initiative, one of the President's Expanding E-Government Initiatives, is to create a secure, efficient and effective online marketplace for the public to find federal assets for sale," said Christopher Fornecker, GSA’s Chief Technology Officer and Project Executive for Federal Asset Sales (FAS). "The Office of Management and Budget determined that consolidating sales information in one location, including federal online and offline live auctions and increased advertising on the Internet, would expand the buying pool and boost sales revenues."
As a result, for the first time, the Federal Asset Sales "Shop Government Auctions" page on USA.gov contains information on all federal property sales. The page has been redesigned to make it easier to link users to numerous online and offline federal sales locations. USA.gov is the federal government's official web portal.
Read Full Story
Last Reviewed 4/10/2009