The Defense Logistics Agency (DLA) will exercise its first of the two potential 12-month extension periods under the agency’s Surplus Useable Property sales contract (Surplus Contract) with Liquidity Services to vend surplus assets of the U.S. Department of Defense (DoD). The Surplus Contract’s performance period has been extended until February 15, 2013 through a unilateral contract modification. Throughout this period, DoD will continue to use Liquidity Services as its primary source for disposition of useable surplus property that is approved by the DoD for selling to the public.
Liquidity Services handles the receipt, storage, marketing and disposition of nearly all useable surplus personal property produced by DoD installations across the United States under the Surplus Contract. Liquidity Services sells its assets through its online auction marketplace.
“As an innovative solution provider and recognized cost saver for the DoD for over ten years, we are pleased that the DLA has elected to extend our contract for the sale of surplus assets,” said Bill Angrick, Chairman and CEO of Liquidity Services. “Our solution has proven to be the most effective disposition and resale process for DoD surplus property that focuses on protecting national security, reducing costs and providing a valuable revenue stream to the U.S. Treasury.”
Assets are offered for sale through Liquidity Services’ online auction marketplace. Liquidity Services is a leading provider of the world’s most transparent, innovation and effective online marketplaces and integrated services for surplus assets for corporations, public sector agencies and buying customers.