Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Procurement topic
No spam. Unsubscribe anytime.
Coosa County approves GovDeals addendum to manage surplus asset sales
Summary
The commission approved an addendum with GovDeals for settlement services that requires GovDeals payment channels and specifies a 'sold as is' Bill of Sale. The addendum outlines remittance and pickup verification procedures.
Coosa County approved a Financial Settlement Services addendum with GovDeals that governs how proceeds from online sales of surplus assets will be collected, verified and remitted.
The addendum, approved unanimously, requires winning buyers to pay GovDeals via PayPal, credit card or wire transfer and requires the seller (Coosa County) to confirm pickup in GovDeals’ Seller Asset Management system before proceeds are remitted. The document specifies that assets must be sold using a Bill of Sale noting the asset is "sold as is, where is and without warranty." The contract language also describes remittance by ACH/EFT and GovDeals’ process for handling chargebacks and refunds.
