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Invitation for Bids Issue Date: 04/13/2022 Title: Virginia Workforce Center Landscaping Issuing Agency:Town of South Boston Attn: Paula Bowen 710 Hamilton Blvd. South Boston, VA 24592Period of Contract:

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How to fill out procurementsale of surplus property

01

Determine the surplus property that needs to be sold.

02

Prepare a detailed description of the surplus property including its condition and any known issues.

03

Determine the fair market value of the surplus property.

04

Advertise the surplus property sale through appropriate channels such as online listings, auctions, or direct sales.

05

Review and evaluate bids or offers from potential buyers.

06

Select the winning bid or offer and finalize the sale agreements.

07

Arrange for the transfer of ownership and payment for the surplus property.

08

Complete all necessary paperwork and documentation to close the sale.

Who needs procurementsale of surplus property?

01

Government agencies

02

Corporations

03

Non-profit organizations

04

Educational institutions

05

Any entity with surplus property to sell

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What is procurementsale of surplus property?

Procurement sale of surplus property refers to the process by which government entities sell off excess or unused assets to recover funds and ensure efficient use of resources.

Who is required to file procurementsale of surplus property?

Government agencies and entities that have surplus property to sell are required to file a procurementsale of surplus property.

How to fill out procurementsale of surplus property?

To fill out a procurementsale of surplus property, agencies must complete a specific form detailing the items for sale, including descriptions, conditions, and estimated values.

What is the purpose of procurementsale of surplus property?

The purpose of procuring the sale of surplus property is to liquidate unneeded assets, generate revenue for the agency, and promote responsible management of public resources.

What information must be reported on procurementsale of surplus property?

The information that must be reported includes the item description, item condition, quantity, estimated value, and justification for the sale.

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