Government surplus marketplace GovPlanet extends
contract with the Defense Logistics Agency and adds Defense
Contract Management Agency to its client list
PLEASANTON, CA, Oct. 17, 2017 /PRNewswire/ - For the past three
years, IronPlanet's GovPlanet marketplace has been helping the U.S.
Defense Logistics Agency (DLA) sell thousands of its surplus
assets. After seeing consistently strong returns, the DLA has
extended its contract with GovPlanet until at least September 2018.
"We sell hundreds of items per week for the DLA through our
GovPlanet marketplace, including construction equipment, trucks,
trailers, Humvees and more," said Greg
Owens, Group President, New Sectors & Ventures,
Ritchie Bros. "Prior to their
contract with us, the DLA sold all their surplus assets—boots,
ammunition cans, uniforms, equipment, etc.—to one general sales
company, resulting in low returns. By selling through GovPlanet to
our massive database of buyers, the DLA has achieved as much as 300
percent higher returns on their assets."
Since the initial contract was signed with the Defense Logistics
Agency in 2014, GovPlanet has sold more than 43,000 items for the
agency, including 10,000+ Humvees, 4,700+ utility trailers, and
4,100+ cargo trucks. The contract has multi-year extension options,
to be revisited and exercised by the DLA.
GovPlanet was also recently selected by the Defense Contract
Management Agency (DCMA) to liquidate surplus industrial equipment
for both its Eastern and Western regions. With the new contract,
GovPlanet has the opportunity to expand to other DCMA regions.
The DCMA is the Department of Defense (DoD) agency that works
directly with defense suppliers to help ensure that DoD, federal,
and allied government supplies and services are delivered on time,
at projected cost, and meet all performance requirements. The DCMA
directly contributes to the military readiness of the United States and its allies.
"Our GovPlanet marketplace has only been in operation for three
years, but is already providing great benefits for many government
agencies. Having both the DLA and DCMA as clients shows confidence
in our platform and the value it can provide more public-sector
entities across the United States
and around the globe," said Greg
Owens.
Each week, on average, GovPlanet draws close to 90,000 attendees
to its online auctions. Items sold on GovPlanet come with
IronPlanet's exclusive IronClad Assurance® equipment
condition certifications, which give bidders the confidence to buy
online.
About GovPlanet:
GovPlanet, a Ritchie Bros. solution, was launched in 2014 to
address the specialized equipment disposition needs of public
entities, from federal, including military, to state, local and
municipal. Each week, on average, GovPlanet draws close to 90,000
attendees to its online auctions. Items go into preview two weeks
in advance and bidders can view photos, video and inspection
reports. All items sold on GovPlanet have been inspected and come
with IronPlanet's exclusive IronClad Assurance®
equipment condition certifications, which give bidders the
confidence to buy online from anywhere in the world.
About Ritchie
Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global
asset management and disposition company, offering customers
end-to-end solutions for buying and selling used heavy equipment,
trucks and other assets. Operating in a multitude of sectors,
including construction, transportation, agriculture, energy, oil
and gas, mining, and forestry, the company's selling channels
include: Ritchie Bros. Auctioneers, the world's largest
industrial auctioneer offers live auction events with online
bidding; IronPlanet, an online marketplace with featured weekly
auctions and providing its exclusive IronClad Assurance® equipment
condition certification; EquipmentOne, an online auction
marketplace; Mascus, a leading European online equipment
listing service; and Ritchie Bros. Private Treaty, offering
privately negotiated sales. The company also offers sector-specific
solutions including GovPlanet, TruckPlanet, Kruse Energy
Auctioneers, and Cat® auctions, plus equipment financing and
leasing through Ritchie Bros. Financial Services. For
more information about the unprecedented choice provided by
Ritchie Bros., visit
RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
SOURCE Ritchie Bros.
Auctioneers