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Officials explain online auction process and how surplus values are estimated
Summary
Staff said department heads and foremen evaluate condition and staff research market values before posting estimated prices for online bidding; final sale prices depend on bidder competition and may prompt staff to avoid rebidding close contests.
Taterington told the committee that estimated values on the surplus list are produced by departmental review of condition and modest market research. "We tend to just do a little research, into what we think the market would bear," he said, describing estimates as guidance for online bidding rather than fixed prices.
He said estimates are set by staff familiar with vehicle and equipment condition and that items will be sold through online auctions. If bids are close, staff may decide not to rebid to avoid additional time and expense. Jeffrey Wooden questioned a $5,000 estimate for a 2020 Ford Explorer; Taterington noted the vehicle is a police unit with about 100,000 miles, which helps explain the lower estimate.
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