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April 2, 2014
07:01 EDTLQDTLiquidity Services is apparent high bidder for U.S. DoD contract
Liquidity Services announced it has been determined the apparent high bidder for a contract with the U.S. Defense Logistics Agency to purchase, manage and sell non-rolling stock surplus assets of the U.S. Department of Defense. Liquidity Services, Inc.ís high bid was equal to 4.35% of the DoDís original acquisition value. The Surplus Contract has a base term of two years with four one-year renewal options. Bidding for the DoD surplus rolling stock contract will take place in a live auction being held by the DLA on April 2. Following the conclusion of the auction event and a DLA determined apparent high bidder, Liquidity Services will provide an update on the event results.
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