IronPlanet Claims High Bidder Position Pending Confirmation

The U.S. Department of Defense Surplus Contract has a base term of two years with four one-year renewal options.

Wed April 16, 2014 - National Edition
Construction Equipment Guide


IronPlanet, a leading online marketplace for buying and selling used heavy equipment, announced it is the apparent high bidder pending final confirmation and award for a contract with the U.S. Defense Logistics Agency (DLA) to manage and sell rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract). Bids for the surplus contract were based on a percentage of the sales price of the items, which IronPlanet estimates at $50 to $70 million of rolling stock annually. IronPlanet’s high bid was equal to 75.29 percent revenue share to the DLA. The surplus contract has a base term of two years with four one-year renewal options.

“We’re very excited to win this contract and to support the U.S. Department of Defense in selling their surplus assets. Winning this contract is a testament to the value of IronPlanet’s global marketplace for the buying and selling of used equipment,” said Greg Owens, CEO, IronPlanet. “We recently celebrated our 14th year since our first online auction selling more than $3.5 billion of equipment to our over one million registered users. As the pioneer of online auctions for used heavy equipment, we look forward to providing the DoD and ultimately the U.S. taxpayer with an unparalleled level of service.”

Rolling stock includes surplus cranes, crawler tractors, generators, wheel loaders, trucks, trailers and other equipment. The contract is scheduled to commence in December 2014.

For more information, visit www.ironplanet.com.




Today's top stories

How to Be an A+ Crane Signal Person

High Profile Demolition of Carlsberg High Rise Completed in June 2021 by Specialty Urban Demolition Leader DESPE

New ARTBA Website Puts Human Face on Highway Worker Memorial Scholarship, Hall of Fame, Safety Programs

Case Construction Equipment Announces 2020 Diamond Dealer, Gold Dealer Award Winners

Focusing On Hazard Communication Standards

Senate Votes to Begin Work on Nearly $1T Infrastructure Bill

VIDEO: John Deere Debuts Anti-Vibration Undercarriage System On 333G Compact Track Loader

West Coast Power Tech Startup to Build New HQ, Campus in Durham, N.C.


 






ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo