A public sale in which goods or property are sold to the highest bidder.
An offer to buy an item for a specified price. A bid can be subject to additional terms specified by GSA or the selling agency.
A bid deposit requirement for an auction means that the prospective bidder must submit the amount disclosed on the item description page before being granted access to actively bid.
The bid increment is the amount by which the current high bid must be increased by in order to place a bid.
Certain electronic items may require that the successful bidder of the auction be either R2 or e-Steward certified at the close of sale. Once the certification is received and certified by the Contracting Officer, the contract will be awarded.
The date and time that the auction will close. The close time can change due to an auction extension.
The bid price that is currently the high bid. This is the price you must beat to make a current high bid.
Certain categories of property may be subject to the International Trade and Arms Regulation (ITAR). Prospective bidders will be required to accept an Export Control Certification prior to bidding that explains the use, disposition, export and re-export of this property is subject to all applicable United States Laws and Regulations. These include the Arms Export Control Act of 1976, as amended (22 USC 2751, et seq.), the International Traffic in Arms Regulations (22 CFR Parts 120-130), and the Export Administration Regulations (15 CFR Parts 730-774).
The amount of time in minutes that must pass without any bidding activity for the auction to close. If the inactivity period is NA, then the auction will close at the specified auction close date and time.
The number of days the auction has no bidding activity before the bid increment is modified.
By placing a proxy bid (the maximum amount you are willing to pay for an auction), the system will bid on your behalf until the proxy bid amount is reached.
The current bid plus the bid increment equals a flat bid.
As an example, if the current bid is $25, and the bid increment is $5, the flat bid would be $30.
The percentage to reduce the bid increment following the inactivity period for the auction or previous reduction in bid increment.
The minimum the bid increment can be reduced to following the inactivity period for the auction or previous reduction in bid increment.
The reserve price is the minimum amount that will be accepted for an auction. If there is no reserve price then the start price of the auction is the minimum price accepted for the auction.
The number of days the auction is scheduled to run.
An individual who has been duly appointed or warranted and granted authority conferred by law to sell Government-owned personal property by any of the authorized prescribed methods of sale.
Standard Terms and Conditions for the Sale of Government Property (Standard Form 114C, April 2001).
Certain categories of property which are considered to require special handling may require a signed certification from the bidder/buyer of an auction. Additional information may be requested, such as, license issuing authority, license number and registration number. These categories of property can include but are not limited to:
Agencies may request that special terms regarding the offering of, inspection of and removal of property be included in the terms of sale (require special handling, times and/or security issues). If an auction has special terms, they will be displayed on the item description page.
The date and time that an auction will start.
Certain categories of property may require a Statement of Intent from the successful bidder of an auction. When the buyer completes this form, the buyer represents and warrants that the ultimate destination, use, and disposition of the property shall be in accordance with the Statement of Intent and/or Statement of Acknowledgement as submitted and approved by the Contracting Officer.
All prospective bidders must read and accept the online terms and conditions prior to becoming registered with GSA Auctions℠. The Terms and Conditions are based on the general terms referenced in the SF 114C. Terms are updated annually and are subject to change with written notification being provided to registered bidders and a requirement affirming agreement by electronic validation.