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[ View/Ask ]A Dutch Auction is an auction in which the seller lists multiple quantities of an identical item. With multiple items up for sale, multiple bidders can win and one bidder can try to buy more than one quantity. If there are more bidders than items, the highest bidder will receive his or her full quantity. Bidders may receive partial quantities, i.e., only receive 2 out of the 3 items they bid for.
Bids on Dutch auctions are done per item. When you bid, you will enter the desired quantity and the per item price. As with all auctions, Proxy bidding may be used during Dutch auctions. The system will work to make sure you get the maximum possible number of items - up to your maximum quantity - for the lowest possible price. Your total price will be the quantity won multiplied by the per item price.
PLEASE READ TERMS AND CONDITIONS FOR COMPLETE INFORMATION
Ohio Schools Council is a Council of Governments (COG) and represents its member districts when selling products on Public Surplus. When Ohio Schools Council is referenced, the member district is also covered in the disclaimers.
Inspection of Auction items by appointment only.
Ohio Schools Council may require a bid deposit.
PayMac handles all payments for Ohio Schools Council.
Acceptable forms of payment are: Wire Transfer or Credit Card.
NO CASH, CHECKS, OR MONEY ORDERS WILL BE ACCEPTED!
Payment for awarded item must be received within five (5) business days after notice of award.
Ohio Schools Council will charge sales tax. Tax rate will be calculated at time of bidding.
A Buyers Premium of 10.5% will be added to final sale price with a $1 minimum charge per auction for payment collections.
All sales are final. Public Surplus will notify buyer of receipt of payment via email.
Successful bidder will be responsible for pick-up of item(s) from agency's premises. Pick-up must occur within ten (10) business days by appointment only after notification of award unless otherwise specified in auction listing. The notice of award, payment receipt, and personal identification must be presented at time of pick-up, or the item will not be released.
Successful bidder will be responsible for packing, and/or loading any item(s) at pick-up, if necessary.