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INVITATION NO. 21101419Department of Purchasing and Contracting Aloof Administration Building, 1300 Commerce Drive, 2nd Floor, Decatur, Georgia 30030June 28, 2021 INVITATION TO BID (ITB) NO. 21101419

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How to fill out sale of surplus property

01

Determine the value of the surplus property by conducting a thorough assessment.

02

Prepare a detailed description of the surplus property including its condition and any relevant features.

03

Decide on a method of sale such as auction, sealed bid, or direct negotiation.

04

Advertise the surplus property to potential buyers through appropriate channels.

05

Collect and review offers from interested buyers and negotiate as needed.

06

Complete the necessary paperwork to transfer ownership of the surplus property to the buyer.

07

Close the sale by receiving payment and delivering the surplus property to the buyer.

Who needs sale of surplus property?

01

Government agencies looking to dispose of excess assets or equipment.

02

Businesses with surplus inventory or property that they no longer need or use.

03

Nonprofit organizations seeking to sell off donated items that are not needed for their programs.

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What is sale of surplus property?

Sale of surplus property is the process of selling assets or items that are no longer needed or useful for an organization.

Who is required to file sale of surplus property?

Certain organizations or individuals who are in possession of surplus property may be required to file a report listing the items being sold.

How to fill out sale of surplus property?

The process of filling out the sale of surplus property report typically involves providing detailed information about the items being sold, such as their description, quantity, value, and reason for the sale.

What is the purpose of sale of surplus property?

The purpose of the sale of surplus property is to generate revenue for the organization and to dispose of assets that are no longer needed.

What information must be reported on sale of surplus property?

Information that must be reported on the sale of surplus property typically includes the description of the items being sold, the quantity, the value, and the reason for the sale.

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