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5 <br />Attachment #2 <br />GovDeals Benefits and Services <br />t) Produces higher prices. Global exposure to a large number of active <br />and highly targeted buyers produces increased number of bids and <br />higher prices for the County <br />2) Reduced warehouse space. No need to accumulate items for <br />months to hold an auction, Your items are auctioned immediately, as <br />thev become available -not stored. Direct and indirect savings <br />realized due to less damage, "shrinkage", and warehouse space <br />required. <br />3) No transportation required. Eliminate the transportation and handling <br />of your surplus equipment as well as the direct and indirect costs <br />associated with transporting them to off-site auction sites. Items will be <br />sold from their specific locations without ever havinc t~move them. <br />4) Weather and uncomfortable conditions are eliminated, Buyers can <br />view items and conduct their bidding in a comfortable environment that <br />fits their schedule. There will be no need to worry about a "rain out" <br />date and re-scheduling or bidders being "too hot" or "too cold" for the <br />auction, <br />5) Continuous revenue stream. Sell items immediately as they are <br />declared surplus. Revenues are returned on a frequent and timely <br />basis. <br />6) Avoid "absolute" auctions low prices. No need to accept low price <br />or bring the equipment home. Reject bids if not acceptable - or utilize <br />the easy and "painless" ReserveBid feature. <br />~) Positive cash flow. List items for 14 days, Allow 5 business days for <br />receipt of payment. Itemized invoice arrives at end of month for all <br />items sold during the month. <br />8) Tiered Reallocation. The County can identify non profits, etc and <br />offer them first opportunity to re-utilize certain items (at no cost) prior to <br />being placed up for bids. <br />s) Large audience of existing Buyers. GovDeals will notify our <br />traditional, local Buyers. They will also target a broad group of potential <br />Buyers from our database, as well as registered GovDeals Buyers <br />who are seeking specific items. This increasing number of active <br />Buyers results in a larger total number of bids and higher prices overall <br />for our items. <br />10) Training and assistance - on-site and ongoing implementation. <br />GovDeals will train designated personnel in listing items successfi~lly, <br />From taking digital images to composing accurate, concise and key <br />listings -They will work to assure your success from the outset, <br />~ ~) Assistance and research to determine comparable/fair market <br />values. GovDeals can provide recent actual sales prices for <br />