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Article 9 <br />SURPLUS PROPERTY <br />The Purchasing Agent is responsible for administering the sale and disposal of surplus <br />equipment, materials and supplies. Each department shall report all surplus or obsolete <br />equipment, materials and supplies to the Purchasing Agent. <br />Disposition may be by any of the following means: <br />1) Transferring to other departments; <br />2) Trade-in on new equipment (as established in NCGS § 143-129.7); <br />3) Sale by public auction (electronically via GovDeals.com); <br />4) Private negotiation and sale; <br />5) Advertising for sealed bids' <br />6) Negotiated offer and upset bid <br />When surplus, obsolete or work out materials or equipment is sold, it will be done through <br />arrangements by the Purchasing Agent in conformance with North Carolina State Statutes <br />and competitive conditions, including when necessary, newspaper advertising, electronic <br />advertising, and sealed bids. Other departments will have the opportunity to acquire <br />surplus items before disposal, if appropriate. <br />The Finance Department must be notified of all dispositions of equipment that are on the <br />fixed asset inventory list. <br />Page 42 of 48 <br />F-5 <br />Attachment number 1 <br />Page 107 <br />