GovPlanet Europe - How it works (2024)

FAQs

How does GovPlanet work? ›

GovPlanet's ringmen solicit bids from interested bidders during the weeks leading to auction day and on the day of the auction. The buyer places bids online, and on auction day, the highest bidder wins the auction. After the auction, GovPlanet connects buyers with transportation and finance companies.

Unless and until all default and late payment fees are paid in full a customer will be prohibited from bidding on our site. GovPlanet unilaterally reserves the right to prohibit participation on our site at anytime.

GovPlanet is owned by Ritchie Bros., a publicly traded company. Working with the US Government, GovPlanet is able to offer surplus military & government inventory via public online auctions to civilians.

In order to receive approval, the buyer must complete all required information in the EUC form. Items requiring the EUC can only be purchased by a citizen of the United States and the GovPlanet account has been established within the United States.

Some armored or up-armored Humvees can cost up to $220,0001. How much does a surplus Humvee cost? You can pick up a surplus HMMWV from govplanet right now for between $5000 and $6000.

Yes. The Terms of Sale are the specific guidelines and rules that each bidder is required to follow. You can find the Terms of Sale linked to the description of each real property on the treasury website.

Yes, a mechanic can keep your car if you don't pay. This is a form of security interest known as a mechanic's lien. The mechanic's lien exists to protect a mechanic from having a customer leave with their vehicle and then refuse to pay for the repairs.

GovDeals is powered by the most experienced and trusted company in the surplus industry - Liquidity Services.

Instead, unpaid items are usually returned to the original consignor, put into a future auction, or sold privately. Often, these backup plans result in a significant loss for the seller—and the winning bidder is obligated to make it up to them.

Top 2 Competitors & Alternatives to govplanet.com

List of govplanet.com competitors in July 2024: ironplanet.com , with 1.34M visits, 47 authority score, 45.57% bounce rate. govdeals.com , with 3.77M visits, 54 authority score, 51.33% bounce rate.

How does Ritchie Bros. make money? ›

Auctioneers, is an industrial asset disposition and management company, selling heavy industrial equipment and trucks through live and online auctions, and other transactional channels.

For more than half its life as a consumer vehicle, the Hummer has been a product of General Motors. So it is today, marketed through GM's GMC brand.

Once a bid is accepted, the seller has no right to accept a higher bid, nor can a buyer withdraw the buyer's bid[ii]. Generally, an auction is complete when the bid is accepted.

We specialize in shipping heavy machinery, cars, trucks, pallets, crates, shipping containers, and more.

If your items are being sold at one of our galleries we will pack and transport the items to our location where they will be numberred, photographed, cataloged and uploaded to our website for the world to bid on. We will issue your settlement check for your items within 10 business days of the close of your auction.

The process for military car shipping is about the same as for other auto transport services — except that it's usually on a tighter schedule and, because of that, more costly. Since permanent change of station (PCS) orders can come on short notice, you may have little time to get your POV to a new location.