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Finance and Administration Cabinet online surplus property auction runs through Sept. 29

The Finance and Administration Cabinet’s Division of Surplus Properties will host an online auction of heavy equipment no longer in use by the Kentucky Transportation Cabinet’s (KYTC) Division of Equipment. The auction is underway and runs through Tuesday, Sept. 29.

An annual event, this year’s auction will be conducted online due to COVID-19. Proceeds from the sale will go to support KYTC and the Division of Surplus Properties. In 2019, the surplus heavy equipment auction generated more than $2 million in revenue for the state.

“The Division of Surplus Properties staff has worked hard to continue to serve the needs of its customers while also protecting staff and the public from the spread of COVID-19,” said Finance and Administration Cabinet Secretary Holly M. Johnson. “Moving this annual equipment sale from a live event to an online auction is the safest and most efficient way to make this surplus equipment available to interested buyers during a global health pandemic.”

Heavy-duty trucks, snowplows, tractors, mowers, assorted parts and equipment are just a few of the more than 500 pieces presented for public purchase. A complete list of all auction items is available at finance.ky.gov. To register to bid and see photos of sale items, visit www.bidtlg.com.

“The annual surplus equipment auction is an important part of a comprehensive program to maintain a modern, well-maintained fleet for the important work of highway construction and maintenance,” Transportation Secretary Jim Gray said.

This auction is open to the general public, as well as all local government agencies. While the sale will be conducted online, in-person preview and inspection of auction items will be permitted by appointment only through Friday, Sept. 25 this week and again Monday, Sept. 28 and Tuesday, Sept. 29. To schedule an appointment for a site visit, contact shawn.mackie@ky.gov.

A 7 percent buyer’s premium will be added to all final bids. Payments must be received by the Kentucky Division of Surplus Properties between Oct. 1 and Oct. 7, 2020. No payment extensions will be granted and all sales are final.

The shipping and removal of purchased items is the sole responsibility of the buyer. Items must be collected by scheduled appointment between Oct.1 through Oct. 30, 2020, Monday through Friday, from 8 am to 3 pm EDT. No property will be released without a stamped, paid invoice from the Kentucky Division of Surplus Properties.

The state surplus property program disposes of excess federal and state surplus property in the best interest of the Commonwealth of Kentucky and its citizens in the most cost-efficient manner possible. The program seeks to promote and facilitate the sustainable reuse of surplus property by state and local governments and qualifying nonprofit entities. The Division of Surplus Properties is self-sustaining and its operations are solely funded by revenues generated by the surplus property program. The division receives no General Fund appropriations. Learn more about the surplus property program and sign up to receive notification of future sales at finance.ky.gov.

From Finance and Administration Cabinet

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