UNIVERSITY
OF CENTRAL OKLAHOMA ONLINE SALES
TERMS AND CONDITIONS
Contract. An award of sale is a contract between the winning
bidder and the University of Central
Oklahoma upon the terms and conditions set forth herein. The University of Central Oklahoma may pursue all legal remedies allowed by law
against any bidder who fails to make payment for a winning bid.
Guarantee Waiver. All property is offered for sale as-is, where-is. The University of Central Oklahoma makes no warranty, guaranty or representation of
any kind, expressed or implied, as to the condition, usability, value,
merchantability, authenticity, or fitness for any purpose of the property
offered for sale. Some or all items may have been declared unsafe in their
present condition by a federal or state safety standard. Buyers should
inspect and, if necessary, repair/test all items prior to any use. Buyer is not entitled to any payment for loss of profit or
any other money damages, including but not limited to special, direct,
indirect, or consequential damages.
No Description Warranty. The University
of Central Oklahoma is not
responsible for any omissions or errors in description of items being offered
for sale. It shall be the bidder's responsibility to inspect and satisfy him or
herself as to the details and conditions of the item offered before entering a
bid. The Agency does not attest to the authenticity of any item.
Inspection. Most items offered for sale are used and may contain defects not immediately detectable. Bidders may inspect
the property prior to bidding. Bidders must adhere to the inspection dates
and times indicated in the item description or contact the person listed to
schedule an inspection.
Consideration of Bid. The University of Central Oklahoma reserves the right to reject any
and all bids and to withdraw from sale any of the items listed before a
notice of award is delivered.
Reserve Requirement. If there is a reserve requirement and the reserve
price is not met by the close of bidding, the University
of Central Oklahoma reserves the
right to sell the auction item to the next highest bidder, relist the item for
auction, or otherwise dispose of the item at the University of Central Oklahoma's discretion.
Notice of Award. Successful bidders will receive a Notice of Award by
email from PublicSurplus.com
Payment. Payment for an awarded item must be received within
five (5) business days after the date of the Notice of
Award of the successful bid. Payment
must be made at the location listed in the Notice of Award.
Pick-Up
and Third Party Pick-Up Procedures.
1. Upon receipt of payment, you will be notified by email
sent to the address you provided at registration with
Publicsurplus.com. You may then contact the University of Central Oklahoma and arrange for a mutually convenient pick-up time.
Business hours are Monday through Friday, 8 AM to 5:00 PM, Central
Time. You must bring to the pick-up location (1) the Notice of
Award, (2) the Paid Receipt and (3) personal picture
identification (such as a Driver License). You must present
all three identification items at the scheduled pick-up, or the auction item(s)
will not be released to you.
2. If
you are picking up an item for someone else, you will need to bring the Notice
of Award and the Paid Receipt (photo copies are
acceptable), plus a note from the designated winning bidder specifically
naming you as authorized representative, along with your own personal picture
identification. In addition, you must arrange for the winning bidder to send an
e-mail from the winning bidder e-mail address used for
the auction, stating that you are authorized to
pick-up the item.
Shipping. We cannot ship any item(s). However, you may contact a local carrier of your choice
to pick-up, package, and ship your item(s) for you. It will be your
responsibility to follow the Third-Party Pick-Up Procedures above to ensure
that your item is released.
Bid
Deposits. The University of
Central Oklahoma may require bid deposits in order to ensure fairness to all
bidders. The deposit will be reversed if no default occurs
or the bidder does not win the auction. The deposit will be retained if
the winning bidder defaults.
Buyer
Premium. A Buyer Premium of 10.5% will
be added to the final sale price with a $1 minimum charge per auction to
collect payment. The premium will be visible during the bidding process and
will be included in the payment required.
State/Local Sales and/or Use Tax. The University of Central Oklahoma may collect sales tax, unless the Buyer has
provided a valid tax-exempt certificate to The University of Central Oklahoma prior to payment. If applicable, the sales tax will
be visible during the bidding process and will be included in the payment
specified.
Removal. Buyer must remove auction item(s) from the agency
premises within ten (10) business days after the time and date
of issuance of the Notice of Award. If the Buyer, after making payment for an
item, fails to remove the item within the specified time, the agency reserves
the right (1) to retain all payments; and (2) to dispose of the item through
another auction or otherwise. Successful bidders are responsible for packing,
loading, removing and transporting all property awarded to them from the place where
the property is located as indicated on the website and in the Notice of
Award. The Buyer must make all arrangements and perform all work
necessary, including packing, loading and transportation of the
property. Under no circumstances will the University
of Central Oklahoma assume
responsibility for packing, loading or transporting auction item(s). The University
of Central Oklahoma will not assume responsibility for injury to
anyone or damages to any property resulting from
removal of auction item(s) from University premises. Buyer shall be liable to and reimburse the University of Central Oklahoma for any damage to the University of Central Oklahoma's property caused by Buyer's or Buyer Agent's removal of
auction item(s) from the premises. No maintenance may be performed on the University of Central Oklahoma property. For additional information, please
contact William Johnson at (405) 974-2931 or email
wjohnson26@uco.edu.
Abandonment of Item. Auction items paid for but not picked up within the
specified time will be stored for 15 days from the last date of available
pickup. The University of Central
Oklahoma will charge a storage fee
of $5.00 per day during
this time, which must be paid by Buyer before the item will be released. At the
expiration of the 15 day period, the item will be
deemed abandoned and may be auctioned again to pay the storage fee. Any
amount received in excess of the storage fee will be retained by the University of Central Oklahoma as payment for additional efforts to dispose of the
item.
Risk of Loss. In the event an auction item is lost or destroyed after a
notice of award has been sent but prior to removal, and to the extent such loss
or destruction is not caused by the buyer, or buyer's agent or employee, the University of Central Oklahoma will refund any money paid. The liability of the University of Central Oklahoma shall not exceed the actual purchase price of the
property.
Vehicle Titles. The University of Central Oklahoma will issue a title or certificate upon receipt of
payment. Titles may be subject to any restrictions as indicated in the
item description on the website. Open titles cannot be issued. The University of Central Oklahoma will not issue replacement titles.
Default. Default
shall include (1) failure to observe these terms and conditions; (2) failure to
make good and timely payment; or (3) failure to remove all items within the
specified time. Default may result in termination of the bid contract and
suspension from participation in all future sales until the default has been
cured. If the Buyer fails in the performance of their obligations, the University of Central Oklahoma may exercise such rights and pursue such remedies
as are provided by law.
Acceptance of Terms and Conditions. By submitting a bid, the bidder agrees that the bidder
has read, fully understood, and accepted these Terms and Conditions of Online
Sales, and agrees to pay for and remove the property, if the bid is accepted,
by the dates and times specified.