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ONLINE AUCTION PARTICIPATION FORMONLINE TIMED VEHICLE & PLANT AUCTION CONSOLIDATION OF COMPANY ASSETS COMMENCING: MONDAY, 04 DEC @ 10:00 AM CLOSES: WEDNESDAY, 06 DEC @ 15:00 PM VIEWING: 4 TO 6 DECEMBER
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An online auction for surplus is a digital platform where businesses or government entities sell excess or unused items to the highest bidder.
Entities that have surplus items for sale, including government agencies and businesses, are required to file for an online auction.
To fill out the online auction for surplus, log into the auction platform, complete the required forms by providing item details, set auction terms, and submit for approval.
The purpose of online auction for surplus is to efficiently sell surplus items, maximize revenue, and promote transparency in the disposal of unused assets.
Information that must be reported includes item description, condition, estimated value, auction terms, and any restrictions on sale.
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