City of Warren Using Online Auctions to Recoup Funds

WARREN, Ohio - Feb. 2, 2017 - PRLog -- The City of Warren is very excited to announce its new relationship with the online government surplus auction website GovDeals.com.

After holding auctions at the city's Operations facilities on an as-needed basis, the city decided to try a different method that would allow them to sell and remove surplus from city property as it is declared obsolete or in non-working condition.

The City of Warren is a new user to the site, having just sold their first item in January. However, the success of their first auction, a piece of used laboratory equipment, has Kisha Jackson, the city's Administrative Assistant Purchasing Coordinator, enthusiastic about loading more auctions to the website. The lab equipment, which was designated to be unusable and listed on the site as "scrap", sold for ten dollars.

When asked about her experience selling online so far, Ms. Jackson said, "We are excited for this new process and looking forward to it helping us clean up our city departments while making extra funds for the city as well."

All items up for auction once belonged to various city departments and, per Auditor Vince Flask, any funds received for the sales of surplus vehicles and equipment will be placed back in the department funds from which they came.

Auctions will be posted online for bidding as departments declare their items surplus, reducing the amount of time each item spends in storage and decreasing the amount of depreciation of the asset. In this respect, it is win-win for both the city and its buyers.

Anyone interested in bidding on the city's items can view them via direct link at www.govdeals.com/warrenohio.

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About GovDeals and Liquidity Services, Inc.

GovDeals, Inc. is a subsidiary of Liquidity Services. Liquidity Services is a global solution provider in the reverse supply chain with the world's largest marketplace for business surplus. We partner with global Fortune 1000 corporations, middle market companies, and government agencies to intelligently transform surplus assets and inventory from a burden into a liquid opportunity that fuels the achievement of strategic goals. Our superior service, unmatched scale, and ability to deliver results enable us to forge trusted, long-term relationships with over 7,000 clients worldwide. With nearly $6 billion in completed transactions, and approximately 3 million buyers in almost 200 countries and territories, we are the proven leader in delivering smart surplus solutions. Let us build a better future for your surplus. Visit us at LiquidityServices.com (http://www.LiquidityServices.com).

GovDeals Media Contact:

Molly Nations | 334-312-3861 | mnations@govdeals.com