300,000 lbs(approx) Light and Heavy Steel with ferrous and non-ferrous attachments. Some reducing of over-sized scrap it

Lot Details

Description:

300,000 lbs(approx) Light and Heavy Steel with ferrous and non-ferrous attachments. Some reducing of over-sized scrap items may be required and must be accomplished by torch cutting, if necessary, to the extent necessary to be removed from site. To be delivered over a 6 month period. Property includes but is not limited to industrial machinery residue, vehicle parts, office furniture, house/office trailers, lockers, forklift residue, pontoons, heater residue, buoys, crushed cans, plate, steel cable, wire rope, freon-free refrigeration equipment and air conditioners, household appliance residue and other structural components. Debris includes limited dirt, sand, wood, concrete, fiberglass, plastics and paper. Company will be notified by DOD Surplus personnel when removal is required. No culling allowed by company. The price per pound will be adjusted every month beginning with the first full month after the start of the contract. The price will be adjusted during the second week of the month. The revised price will be determined by taking the price of AMM No. 2 Bundle Pittsburgh on the first Thursday of the month and dividing it into the AMM No. 2 Bundle Pittsburgh used on the contract start date. The percentage will be applied to the price per pound to arrive at an adjusted price. Removal must proceed within five(5) days of notification from DOD Surplus personnel. All scrap under this contract requires mutilation by the buyer prior to removal if allowed by the base or mutilation must be witnesses and certified by DOD Surplus personnel at another facility. Title to the material does not pass to the buyer until scrap has been mutilated. Buyer agrees to allow USG personnel to witness destruction. Any items not specified in the lot description are not included in the sale and may be removed by DOD Surplus. In the event the property contains unsaleable material or debris, company will remove all these items and the cost of removal, separation and disposal will be borne by company. No adjustments to the weight ticket will be made based on the presence of unsaleable material or debris mixed with the property. Buyer to place a 30,000 lb capacity container near E1L pile. **BUYER LOAD**

CLICK HERE TO VIEW TERM CONTRACT AGREEMENT

IMPORTANT NOTICE: For all Scrap Term Contracts, the Winning bidder is responsible for providing a down payment based on the winning bid price. New winning bidders must deposit 25% of the winning bid. Repeat Winning Bidders must deposit 10% of the winning bid. This deposit will be refunded upon the end of the Term. Down Payment is due within (3) business days of the award of the Term Contract.

Payment

• FORMS OF PAYMENT: Acceptable forms of payment include PayPal^TM, Visa^TM, Mastercard^TM, American Express^TM, cashier's check, money order, wire transfer and company check with a bank letter of guarantee. Please note that GL does not accept cash, ACH Deposits, personal checks or pre-paid debit cards.
• If you choose a form of payment other than a credit card, the following information must accompany a letter of instruction:
  Company name (if applicable)
  Customer name
  Telephone number
  Sales event number or contract number
  Signature and date
  
• The name and address on the Government Liquidation user account must match the name and billing address of the credit card used for the bidding and purchase, or the charge will be rejected.
• ALL FUNDS MUST COME FROM THE REGISTRANT. GL WILL NOT ACCEPT THIRD PARTY FUNDS OF ANY KIND FOR ANY REASON.
• You must make payment in full within 3 business days of the official invoice date unless otherwise stated. The date of the invoice is not counted as the first day for purposes of calculating the payment deadline.
• Credit cards submitted online will automatically be charged the full amount of your purchase (including buyer's premium and taxes) the next business day after the sale closes, unless otherwise noted on our website and unless you contact us prior to the close of the sale.
• Credit cards will not be accepted for any invoice in excess of $10,000; customers must submit payment via certified funds (i.e., wire transfer, cashier's check).

Contact Info

Item Location:	400 Magazine Road Portsmouth, VA 23702
Facility Manager:	Site Manager
Facility EMail:	info@govliquidation.com

Country of Origin:	US
Contact Phone:	1 (480) 367-1300
Contact Fax:	1 (757) 485-6144

Shipping Info

Approximate Lot Weight:	300000
Weight UOM:	LB
Shipping QTY:	1 LT
Approximate Dim. or Lot Cube:	22' x 8' x 6'(L x W x H)
Shipping Info:	Click for more info

Preview & Loadout

Preview Arrangements:	By appointment only. No customer escorting available for preview.
Loadout Procedures:	Load by appointment only within 10 business days of a paid in full invoice
Secuity Procedures:	Must have current ID, proof of car insurance and current car registration.

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