Please Share

Tuesday, March 24, 2009

Canadian Government To Auction Surplus And Seized Goods Online

The Public Works Department of the Canadian government is busy building an online auction site, similar to e-bay, that will offer every Canadian the chance to bid on surplus and seized goods such as vehicles, office furniture, boats, computers, tools and hundreds of other items.

“The addition of a real-time online bidding system would reach a broader range of buyers, open up the bidding process which could result in higher sale prices and returns for clients,” said the report.

“We found that a system where the bid amounts are visible and not sealed, and that enabled potential purchasers to bid as the amount changed during the bidding, could generate increased sale prices and more revenue.”

According to an internal study obtained by The Canadian Press, under the federal Access to Information Act.

Source: The Globe And Mail