What Happens After Those Agency Assets You Purchased Have Gone in to Service?

What Happens After Those Agency Assets You Purchased Have Gone in to Service?

As Public Procurement professionals we know that you are tasked with much more than just purchasing assets. You also must keep control of them over their lifecycle.  In the world of Law Enforcement Evidence Control as an example, laws are codified to ensure that there is a clear line of ownership to final disposition or destruction.  However, that is the exception to the rule and in your case, you may be having to interpret local or state ordinances and weigh those against your individual departmental needs and desires to decide what to do when assets are considered surplus.

We know that selling surplus is probably not your top priority…but it is ours. In fact, it is all that we do. And there are 3 factors that are always the key variables to selling or disposing of property.  They are:

• Transparency
• Control
• Revenue

A simple lack of transparency, control, and not getting maximum revenue returns will expose you and your agency to the risk of non-compliant disposal of property. This can result in bad press, increased scrutiny, and additional oversight from outside and within your agency. But fear not – we can help. There are three things that you should insist on to ensure you are utilizing best practices:

1. Be Transparent – Are your auctions open? Use technology to ensure that anyone can see your assets and bid on them online.Who can even legally attend a live auction anymore?And simulcasts just don’t run smoothly. If you are transparent, all scrutiny goes away.

    

2. Take Control – What does this look like? Sell exactly what and when you want. You set the terms, not your auctioneer. You say who can buy, when they can get your assets. Don’t pay for insurance for your assets on someone else’s lot. Make sure that you can access all your reports 24/7. They are your data and records, right? You have control over what and how you buy.Keep it when you sell.

    

3. Enhance Your Revenue – Our recent data shows that we are getting much more revenue for all categories of assets than we did before the pandemic.Why? Because even more people have adapted to online buying.This will only continue.So, get your assets in front of more people and you’ll get more revenue back, plain and simple! But if you want buyers to get a great deal on your assets, continue to use a local auction.

We at GovDeals care about your compliance, your efficiency, and your results.

Your partners in surplus,

Jason Weber, California Representative, GovDeals Surplus Auctions

800-613-0156