FedGovContracts.com

Panoptic Enterprises' FEDERAL CONTRACTS DISPATCH

DATE: June 20, 2003

SUBJECT: Federal Management Regulation (FMR) Bulletin 2003-B3; Personal Property Sales Services and Rates

SOURCE: Federal Register, June 20, 2003, Vol. 68, No. 119, page 36991

AGENCIES: Federal Supply Service, General Services Administration (GSA)

ACTION: Notice

SYNOPSIS: GSA is issuing this bulletin to provide the rates GSA charges for the sale of surplus and exchange/sale personal property, and the services GSA provides as part of those rates.

EFFECTIVE DATE: June 1, 2003.

FOR FURTHER INFORMATION CONTACT: Lynne Price, General Services Administration, Federal Supply Service (FSS), Washington, DC 20405; 703-308-0643; e-mail: lynne.price@gsa.gov.

SUPPLEMENTAL INFORMATION: Section 573 of Title 40 of the United States Code states that the Administrator of General Services may retain from the proceeds of sales of personal property conducted by GSA amounts necessary to recover costs incurred by GSA (or its agent) in conducting such sales. GSA deducts its service charges from the proceeds of the sale.

The following are the basic services that GSA offers and the rates for those services:

1. Basic Services
     a. Auction Sales. The following services are covered under the basic rate:
          (1) Property cataloging
          (2) Maintenance of mailing list
          (3) Printing and distribution of announcement to bidders on mailing list
          (4) Normal media advertising (one newspaper or equivalent)
          (5) Registration of bidders
          (6) Auctioneer
          (7) On-site contracting officer
          (8) Award document preparation
          (9) On-site collection of late payments
          (10) Follow-on collection of payments
          (11) Deposit of proceeds
          (12) Distribution of proceeds
          (13) Financial and property line item accountability
          (14) Contract administration
     b. Sealed Bid Sales. The following services are covered under the basic rate:
          (1) Property cataloging
          (2) Maintenance of mailing list
          (3) Printing and distribution of invitation for bids to bidders on mailing list
          (4) Bid opening
          (5) Contract awards
          (6) Preparation of award documents
          (7) Financial and property line item accountability
          (8) Contract administration
          (9) Collection and deposit of proceeds
          (10) Distribution of proceeds
     c. Internet Sales. The following services are covered under the basic rate:
          (1) Providing secure Internet site
          (2) Posting of items
          (3) Posting of photos
          (4) Featured items
          (5) Maintenance of registered bidders
          (6) Bid opening
          (7) Contract awards
          (8) Preparation of award documents
          (9) Financial and property line item accountability
          (10) Contract administration
          (11) Automatic payment
          (12) Collection and deposit of proceeds
          (13) Distribution of proceeds

NOTE: Supplemental charges may be incurred for services required which are not listed in the basic services (examples include: transportation, storage, maintenance, vehicle preparation, security services, travel expenses, portable restroom facilities, and special media advertising). Rates for supplemental services will vary according to local market conditions. GSA publishes these rates in GSA regional bulletins available from the servicing regional GSA sales office. GSA deducts these charges from the sales proceeds.

                                             
2. Basic Service Rates
     a. Commodities other than vehicles exchange/sale and other reimbursable sales
     Asset Sales PriceRate per Item
     $0.01 to $1,000.00$250 or award amount if less than $250
     $1,000.01 to $5,000.0025% of proceeds
     $5,000.01 to $25,000.0020% of proceeds
     $25,000.01 to $50,000.0017% of proceeds
     $50,000.01 to $100,000.0014% of proceeds
     $100,000.01 to $150,000.0011% of proceeds
     $150,000.01 to $250,000.008% of proceeds
     $250,000.01 and up6% 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 Codes 2310 and 2320 only): GSA Conducted Sales -- $275 per vehicle; Commercial Contract -- $200 per vehicle plus cost of contract

GSA will consult with customers to determine the best method of sale and their requirements for supplemental services.

FOR FURTHER INFORMATION CONTACT: Panoptic Enterprises at 703-451-5953 or by e-mail to Panoptic@FedGovContracts.com.

Copyright 2003 by Panoptic Enterprises. All Rights Reserved.

Return to the Dispatches Library.

Return to the Main Page.