Laserfiche WebLink
10 | P a g e33 Inverness Center Parkway | Birmingham, AL 35242 <br />Tel: (856) 764-7163 <br />www.jjkane.com <br />JJ Kane Auctions Response to City of Everett <br />RFP #2024-007 – Vehicle and Equipment Auction Services <br />Conventional Print Advertising is another form of advertising used by JJ Kane if <br />requested. We can advertise through local newspapers, local, regional, and national trade <br />journals, etc. <br />Rest assured that no marketing costs are passed onto you. JJ Kane allocates a significant portion <br />of the yearly budget to marketing efforts listed above. This budget is determined based on <br />industry standards and is in line with companies of our revenue and product offering size. The <br />marketing budget is leveraged to support the most effective tactics and channels available to us <br />and is regularly reviewed to ensure consistent ROI. <br />Auction: All auction items are sold “AS IS/WHERE IS.” Bidding is open for 7 days. This allows <br />maximum exposure of all items. Our absolute auctions include “bid extensions” which extends <br />bidding when bids are made in the last 90 seconds. This allows potential bidders to have <br />sufficient time to bid on all desired items and ensures bidding does not end when interested <br />bidders are still placing bids. While auction is open, the City can monitor progress of its items in <br />real time online. <br />Sell: Your item sells! JJ Kane coordinates payment from winning bidder(s). Payments from <br />Winning Bidder must be made electronically within 3 business days via credit card / p-card & <br />wire transfers, financing via Altec Capital, or by check. All major credit cards are accepted, up to <br />a $10,000 maximum charge per customer per sale. If applicable, JJ Kane will also remit taxes to <br />the appropriate taxing authorities. <br />Title Transfers: JJ Kane will work with City of Everett to obtain all necessary titles for applicable <br />assets prior to said assets being sold. JJ Kane has multiple full-time notaries on staff to facilitate <br />and handle all paperwork regarding the transference of titles on behalf of the City in <br />accordance with applicable law. <br />Buyer Pick-up: Buyers are required to pay for items before pick-up and must bring a “paid in <br />full” receipt with them when picking up purchases. JJ Kane will coordinate all Buyer pick-ups. <br />Reporting / Payment: JJ Kane will remit payment to the City of Everett, provide all necessary <br />reports and legal documentation, and adhere to Generally Accepted Accounting Procedures. <br />Throughout this process, we utilize numerous best practices including: <br />Evaluate industry to incorporate new state of the art technology into auctions <br />Dedicated legal and compliance department to maintain licenses and assure regulatory <br />compliance <br />Include detailed descriptions and pictures to give buyers a good idea of what they are <br />bidding on and attract more bidders <br />Promote/Market auction to a wide audience increase bidding activity <br />Be transparent in bidding process to ensure bidders know what to expect <br />Provide a stable and easy to use bidding platform <br />Docusign Envelope ID: 233B69CB-382C-43C4-8A3F-D27ECD09D4CC