Benefits and Rates

GSA's personal property sales services can take a variety of forms.  The notes below describe some of the benefits of using GSA's property sales service, summarize the rates charged to participating agencies and provide definitions to help interpret those standard rates:

Benefits of selecting GSA to do agency sales:

As a service to federal customers, GSA can sell agency surplus, exchange/sale and forfeited personal property through GSA Auctions® or offline sales. Visit Surplus Personal Property Sales by geographic location for sale items that are being offered other than by electronic bidding. Online auction sales offer web-enabled auctions, electronic bidding, bids by proxy, online payment, and instant feedback. Visit GSA Auctions® to look at surplus, exchange/sale and forfeited personal property offered for sale.

GSA offers federal customers:

  • Quick disposal of all kinds of assets;
  • Reduced administrative costs;
  • Buyers from every market; and
  • Maximum return on investment.

GSA provides services that will speed disposal of property and generate greater returns. These services include:

  • Vehicle consolidation sites where volume dictates;
  • Specialized advertising to targeted audiences;
  • Onsite auctions at agency locations; and 
  • Fixed price sales for special needs.

GSA provides special services for vehicle disposal. For a basic charge, GSA offers live (cry) auction or drop-by sales at the agency's location or a sealed bid sale. The Office of Personal Property Management has partnered with GSA Fleet, as part of the GSA Auctions® Sales Center, which allows GSA to offer "Value Added Services" for transportation, storage, maintenance and reconditioning of vehicles. The services and rates for the Fleet value added services are applicable to Light Duty Vehicles ONLY.

Services available in some locations include the following benefits:

  • Quick removal of excess vehicles minimizes agency custodial responsibility for the vehicles;
  • Consolidating vehicles for sale brings better prices and faster disposal; and
  • Investment in reconditioning may significantly increase sales return.

GSA Offers:

  • Direct marketing to an established loyal customer base;
  • Trained and experienced professionals in personal property disposal, vehicle disposal;
  • Contract law, and Congressional inquiries;
  • No direct fees paid by an agency for disposal;
  • Acceptance of credit card payments from purchasers;
  • Full-service vehicle disposal contracts in all regions;
  • Better prices due to consolidation of sales; and 
  • Computer information systems and financial services.

Rates

On an annual basis, GSA will establish national rates for basic personal property sales services. Updates will be published in a GSA Bulletin. Basic services include everything related to the actual sale of property by auction, spot bid, sealed bid, fixed price, or negotiation, and are defined below. Supplemental services, namely, transportation, storage, maintenance, and reconditioning of property prior to sale will vary according to local market conditions.

Basic Service Rates

a. Commodities other than vehicles - exchange/sale and other reimbursable sales.  Below is GSA's basic rate structure. If an agency has special programs or circumstances that may warrant modifications, contact the appropriate servicing regional GSA Sales Office.

Asset Sales Price

    Low  Range  $

        High  Range   $

                           Rate Per Item

              $0.01

           $1,000.00

$250 or award amount if less than $250

        $1,000.01

           $5,000.00

                           25% of Proceeds

        $5,000.01

         $25,000.00

                           20% of Proceeds

      $25,000.01

         $50,000.00

                           17% of Proceeds

      $50,000.01

       $100,000.00

                           14% of Proceeds

    $100,000.01

       $150,000.00

                           11% of Proceeds

    $150,000.01

       $250,000.00

                             8% of Proceeds

    $250,000.01

         And Higher

                             6% of Proceeds

 

b. Vehicles sold resulting from seized and forfeited laws. Rates negotiated.

c. GSA Vehicle sales - exchange/sale and other reimbursable sales (Federal Supply Classes
    2310 and 2320 only).

 GSA Conducted Sales

 $275 per vehicle

 Commercial Contract

 $200 per vehicle plus cost of contract

 

Basic Service Definitions

The following services are covered at the basic rate.

   Auction and Spot Bid Sales:

  • Cataloging of property;
  • Maintenance of mailing list;
  • Printing and distribution of announcements to bidders on mailing list;
  • Normal media advertising (one newspaper or equivalent);
  • Registration of bidders;
  • Auctioneer;
  • Onsite contracting officer;
  • Preparation of award documents;
  • Onsite collection of proceeds;
  • Follow-up on collection of late payments;
  • Security service;
  • Deposit of proceeds;
  • Distribution of proceeds;
  • Financial and property line item accountability; and 
  • Contract administration.

   Sealed Bid, Fixed Price and Negotiated Sales:

  • Cataloging of property;
  • Maintenance of mailing list;
  • Printing and distribution of announcements to bidders on mailing list;
  • Bid opening;
  • Contract awards;
  • Preparation of award documents;
  • Collection and deposit of proceeds;
  • Distribution of proceeds;
  • Financial and property line item accountability; and 
  • Contract administration.

    Internet Sales:

  • Providing secure internet site;
  • Posting of items;
  • Posting of photos;
  • Featured items;
  • Maintenance of registered bidders;
  • Bid opening;
  • Contract awards;
  • Preparation of award documents;
  • Financial and property line item accountability;
  • Contract administration;
  • Automatic payment;
  • Collection and deposit of proceeds; and
  • Distribution of proceeds.

Note: Supplemental charges may be incurred for services required which are not listed in the basic services. (Some examples include: transportation, storage, maintenance, vehicle preparation security services, travel expenses, portable restroom facilities, and special media advertising.) GSA deducts these charges from the sales proceeds.

 

Last Reviewed 5/7/2009