A 10% BUYERS PREMIUM will be added to all bids. The bid plus the buyers premium determines the final sales price.
AUCTION END TIMES:
Division of Surplus Property online auctions are timed events and all bidding will close at a specified time. Division of Surplus Property online auctions also have an auto extend feature. If a bid is placed in the final 5 minutes of an auction, the close of the auction will be automatically extended 5 minutes from the time the bid was placed. Example: if an auction scheduled to close at 2:00 p.m. receives a bid at 1:59 p.m., the close time will automatically extend to 2:05. p.m. The auto extend feature remains active until no further bids are received within a 5 minute time frame.
REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF THE BIDDING
All property is sold in “AS IS” and “WHERE IS” condition. ALL SALES ARE FINAL! Bidder understands and agrees that no refunds, exchanges, adjustments, charge backs, etc., will be allowed. Property is available for inspection at specified times and it is the bidder's responsibility to determine condition. Bidder's failure to inspect any item or lot will not constitute grounds for any claim, refund, adjustment, charge back, etc.
All description information has been gathered from sources which are believed to be reliable, but are not guaranteed. The Auctioneer or Division of Surplus Property makes no warranty or guarantee of any kind with respect to condition, authenticity, provenance, source, condition, suitability for a particular purpose, etc. The Auctioneer reserves the right to change, modify, delete any item or lot or description in the auction as may be necessary.
PAYMENT: All items must be paid for by 4 p.m., September 19th 2013. Method of payment includes cash, wire transfers denoting the Division of Surplus Property Lab Equipment, checks-any out of state check or one in excess of $ 5000.00 must be accompanied by a bank letter of credit addressed to the Division of Surplus Property with an amount of the guarantee;, Credit Cards will be accepted - any credit card sales will be subject to a 2.75 % processing fee added to the final invoice in addition to all other fees. Cashiers will be on site September 18th and 19th from 9 a.m. to 4 p.m. All purchases for which payment is not tendered that have not been paid by Sept. 19th at 4 p.m. will automatically be charged to the credit card used at registration including the 2.75% processing fee (minimum processing fee of $3).
PICK UP AND SHIPPING,: Shipping preparation or transportation services are the sole responsibility of the purchaser. This includes packaging, moving, removal of items,loading, transporting, shipping and shipping preparation.
Items may be picked up September 18th, 19th and 20th from 9 a.m. to 4 p.m. Purchasers requiring professional technical assistance in moving will have 45 days from the date of auction close date to move those items. Arrangements for moving those items must be made by appointment.
All purchased items must be removed by the deadline stated above. Any items not removed by the deadline will, at The Division of Surplus Property discretion, be discarded or resold with proceeds retained by Division of Surplus Property. There will be NO REFUND to the purchaser for these forfeited items.
AUCTIONEER/BROKER/SELLER DISCLAIMER: The information contained herein is believed to be correct to the best of the Division of Surplus Property’s knowledge. The information is being provided for the bidder’s convenience and it is the bidder’s responsibility to determine the information contained herein is accurate and complete. The property is selling in its “as-is” condition with no warranties expressed or implied
SALES TAX: Kentucky Sales Tax (6%) will be added to the sale price. Dealers or other exempt parties must provide proper documentation to Division of Surplus Property before bidding.
SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, The Division of Surplus Property reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor The Division of Surplus Property SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by The Division of Surplus Property.
The venue of any legal action brought in connection with any dispute between The Division of Surplus Property, its Agents or Representatives and the Buyer(s) shall be brought will be tried in the a court of jurisdiction in Franklin District or Circuit County, Kentucky Court. By bidding on the property, buyer agrees to all terms and conditions set forth.
The Division of Surplus Property.', its Agents and Representatives are agents of the Seller. Buyer and/ or Bidder agree to hold indemnify and hold harmless and indemnify The Division of Surplus Property., its and its Agents and its Representatives from any and all claims, damages or suits, including but not limited to, awards, judgments, costs, fees, etc.
The Division of Surplus Property, reserves the right to alter this agreement at any time. This will take place by updating this site. Please check back and review these terms as every time you use this site you are agreeing to the terms as they are written at that time.
The Division of Surplus Property employees and/or auction company may bid on and purchase auction items.
BIDDER DEFAULT: Failure to complete a purchase is illegal and will result in one or more of the following (1) prosecution (21) loss of bidding privileges for items offered for sale by The Division of Surplus Property, and (
23) Subject to prosecution by The Commonwealth of Kentucky, if appropriate.
If a bidder at any time feels his/her username, password or bidder number has been compromised due to lack of security by the bidder, notify The Division of Surplus Property immediately.
For additional information, contact The Division of Surplus Property at 1-502-573-4836.
TIME IS OF THE ESSENCE in regard to all auction terms.
From I-64, take exit 58 for Frankfort/Versailles. Turn south on U.S. Hwy 60 (toward Versailles) and proceed approximately 1/10 mile to South Duncan Road. Turn right and proceed 6/10 mile and turn right onto Corporate Drive. Auction is located at 111 Corporate Drive.