Item Information

E85 FUEL 2,400 GALLONS

Sale-Lot Number:
71QSCI20623021
City, State:
Des Moines, IA
Current Bid:
5 USD
Bidders:
1
Close Time:
09/09 11:41 AM CT (Closed)
Time Remaining:

 

 

E85 Fuel (366106019207103) Approx 2,400 gallons of E85 fuel stored in 2500 gal underground tank since 2013. Will need removed by a pumper truck. Fuel was polished in fall 2019. Material Safety Data Sheet (MSDS) available by clicking the link in the Additional Documents section. Be reminded that as per the Terms & Conditions: Hazardous Material For any hazardous material sold at GSAAuctions.gov, the purchaser will comply with all applicable Federal, State, and local laws, ordinances, and regulations with respect to the care, handling, storage, shipment, resale, export, or other use of the material purchased. The purchaser will hold the Government harmless from any and all debts, liabilities, judgements, costs, demands, suits, actions, or other claims of any nature arising from or incident to the handling, use, storage, shipment, resale, export, or other disposition of the hazardous items purchased. Disposition and Use of Hazardous Property Purchasers represent, warrant and certify to the United States Government that they will use and ultimately dispose of any hazardous property purchased under GSAAuctions.gov site as stipulated under applicable Federal, state, local, and international laws and regulations. Transporting Hazardous Material The purchaser will comply with the Department of Transportation hazardous materials regulations at 49 CFR Parts 171-180. The purchaser, or his/her authorized agent, certifies on the shipping document, based on his/her own examination, that the materials are properly classified, described, packaged, marked, and labeled and are in proper condition for transportation in accordance with the hazardous materials regulations. 366106019207103

Additional Documents

71QSCI20623021.PDF

Inspection and Removal Information:

Property Location Information:

Please bid only if you can and will

** PAY ** on or before 09/11/2020 and

** REMOVE ** on or before 09/23/2020. Pumper truck required.

Inspection and Removal Information:

Property Location and inquiries/questions regarding property inspection and/or removal:

Dept Of Veterans Affairs
Medical Center Supply Service
3600 30th Street
Des Moines, IA 50310

Contact: Frankie Fessler-Boyl
Phone: 515-699-5999
Fax: 515-699-5493
FRANKIE.FESSLER-BOYLAN@VA.GOV

For inquiries/questions regarding contractual issues, contact the following sales contracting officer/property disposal specialist:

MARK MAXWELL
Phone: 817-850-8154
mark.maxwell@gsa.gov

For inquiries/questions regarding payments ONLY, see the Payment and Removal section of the FAQ's located at the top right of this page OR refer to the contact information provided on your notice of award email.

Auction Description and Bidding Rules

This is an English auction. At the close of the auction, the user with the highest bid wins the auction, as long as that bid is at or above the auction's reserve price. The reserve price is the lowest price accepted for the item.

Once you submit a bid, you cannot cancel it, but you can replace it with a higher bid. When you submit a new higher bid, it replaces your previous one.

Click the Bid History link to see the bids you have submitted in this auction (My Bids).

Auction Properties

Current High Bid
5 USD
Reserve Price
false
Reserve Price Amount
N/A
Bid increment
2 USD
Inactivity period
10
Run length
7
Inactivity period for reduction of Bid Increment
1
Reduction of bid increment
20
Reduction of bid increment limit
1 USD
Start Time
09/02 11:41 AM CT
Close Time
09/09 11:41 AM CT
Status
Closed

Closing Rules:

This auction will end in one of these ways:

  • At the auction close time if no bids (proxy or flat) are placed within the inactivity period, or the auction is not subject to a inactivity period.
  • After the inactivity period has passed without any bids (proxy or flat) being placed.

Note: "N/A" or a blank indicates that the value is not available for this auction.

How To Bid

Placing a Bid

GSA Auctions only accepts minimum and maximum bids. A maximum bid is the maximum amount you are willing to pay for an item. Maximum bids are also referred to as proxy bids. When you place your maximum bid, GSA Auctions will use as much of your bid as needed to make you the current winner of the auction or to meet the auction's reserve price. The minimum bid you can place is either the starting price of the auction, or the current high bid plus the bid increment.

GSA Auctions only accepts bids in whole dollar amounts. Bids in partial dollar amounts, $150.25 for example, will not be accepted by the GSA Auctions system.

Reserve Price

The reserve price is the minimum price that GSA Auctions is willing to accept for an item. If your maximum bid equals or exceeds the reserve price, your bid will be placed at the reserve price.

How Are Tie Bids Resolved in GSA Auctions? If a bidder places a bid with the same proxy bid amount as another bidder, the previous (first) bidder will have the current high bid since their bid was placed first. Both bids are recorded with the same amount, displaying the first bidder with the same amount as current high bid, until another bidder bids higher.

Competing Proxy Limits

When two proxy bids compete, the greater of the two proxy limits always wins. If the greater proxy limit exceeds the lesser proxy limit by the bid increment, then a bid equal to the lesser proxy limit plus the bid increment will be placed. If the greater proxy limit does not exceed the lesser proxy limit by the bid increment, then the greater proxy limit's maximum bid will be placed.

Increasing Your Maximum Bid

You can increase your maximum bid if you are currently the winner in an auction. To increase your maximum bid, enter an amount greater than your current maximum bid. Increasing your bid will not increase your current high bid.

Decreasing Your Maximum Bid

You can decrease your maximum bid if you are currently the winner in an auction. To decrease your maximum bid, enter an amount less than your current maximum bid. You cannot decrease your bid below the minimum bid price.

Maximum Bid / Proxy Bid

Your maximum bid or proxy bid, submits bids on your behalf. You specify the maximum price you are willing to pay. If you are outbid, the system submits a replacement bid at a higher price to keep you in the auction. It will bid as much as your maximum bid but no more.

Your maximum price is not shown to any other bidders.

If the system reaches your maximum bid limit, it stops bidding for you. Submit another bid if you want to continue bidding.

Winning & Trading

The highest bid at the close of the auction wins.

If your bid is lower than the reserve price, you will not win the auction.

Reduction of Bid Increment Notes

The reduction of bid increment happens when there is no bid activity within a specified time for an auction. The system will decrease the incremental bid amount by a percentage upto a limit based on template codes designed for this purpose. All auctions are not subject to the reduction of bid increment rule. Here's an example: A bid increment is set at $25.00 for an auction. A No-Bid-Period has been set for 2 days at a reduction rate of 10 percent and a reduction limit of $20.00. After 2 full days of inactivity for the auction, the bid increment will be reduced by 10 percent now making the current bid increment $22.00. 10 percent of $25.00 = $2.50 rounded to the nearest dollar $3.00. The reduction is repeated for multiple inactivity periods until the reduction limit is reached or auction closes.

Note: When "Compatible" bidding occurs (two or more bids of the same amount are submitted), the "high bid" is determined by GSA Auctions system's evaluation, based on the time of submission and/or by proxy.

To enhance bidder privacy, and protect GSA Auctions users from fraudulent emails, GSA Auctions has changed how User IDs are displayed on the bid history page. Only you can view your User ID, all other members will see anonymous user IDs, such as Bidder*.

As of February 14, 2009 bidders will be assigned the actual bidder number for the sale/lot based on when they placed their bid, if you are the first bidder for this sale you will see Bidder#1, if you are the second bidder you will see Bidder#2.

Bidders in the Auction (Current top 10 bidders)

Bidder Bid Amount Date-Time
Bidder#1 (Current High Bid) 5 USD 09/08/2020 03:39:41 PM CT

Your Bids

Bid # Bid Amount Max Limit Status Date

No bids currently

Please confirm location and directions with the property location point of contact prior to scheduling transportation or pickup.


(*) Possible Extension. See Bidding Rules.