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Demo of Historic Blighted Buildings
Listing Number: 14085039 | Portsmouth, RI US | Town of Portsmouth 1 Seller's Other Auctions
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Portsmouth LGF Bldg 3 Demo Municibid FINAL 11-7-17.pdf
Auction Ended:
Final Bid:
$1.00
Bids:
0 Bids
Auction Details
| Starting Bid: $1.00 | |
| Current Price: $1.00 | |
| Buy Now Price | $0.00 | Reserve Price Not Met Available for immediate purchase. |
| Buyer's Fee: 9.00% |
| Start Date | |
| End Date | [Extended] |
| Bid History | 0 Bid(s) |
| Page Views | 2839 |
Payment Details
Full payment due upon pick up, either cash in US currency or a bank check payable to the Town of Portsmouth
Item Description
See detail PDF attached
Additional information on this Auction
| Will Item results be voted on | No | |
| Will you ship this item | No. Pickup only. | |
| In person item inspection information | See detail PDF attached | |
| Pickup Location Details | 163 Glen Farm Road, Portsmouth, RI 02871 |
Questions/Answers Ask the seller a question about this auction.
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Q: |
"What are we bidding on?" - Asked by #6818133 11/29/2017 04:05 PM |
A: |
The bid is for the removal of the buildings down to the foundations. As stated in the Bid Request, the bid is for, “ the deconstruction, salvage and/or recycling, and removal of two blighted buildings. Deconstruction entails diverting materials from the landfill in order to recycle or reuse them. The deconstruction will create an opportunity for “upcycling” of materials rather than simply recycling.
Upon execution of a contract, the structures,( i.e., all salvageable, recyclable, and non-recyclable materials (i.e., waste)), excluding the foundations, becomes the property of the Contractor. Materials salvaged also become the property of the Contractor and revenues generated by the sale or donation of materials (cash value of deductions in the latter case) shall be paid to the Contractor. It is anticipated that parts of the structure (i.e., wooden, hand-hewed, beams and siding, etc.) may have significant value.”
The Town desires that the buildings be ‘deconstructed’ to the maximum extent possible so reusable material can be offered for profit by the bidder as reconstruction material for other projects. The Town expects that, due to the value of the century-old building material used to construct the buildings that can be salvaged for resale by bidder, the bid price can be significantly reduced, or even offered as payment to the town if the value of the salvaged material exceeds the cost of deconstruction.
-Answered on 12/05/2017 07:57 AM |
Q: |
"To perfectly clear on this auction. The successful Bidder is paying to demo the building and is responsible to recycle as much of the material as possible. " - Asked by #13890677 12/08/2017 11:56 AM |
A: |
Yes, the bidder pays the cost of deconstruction and takes possession of all material from the deconstruction with the goal of recycling or re-purposing of as much material as practicable with all proceeds from sale or credit going to the bidder.
-Answered on 12/08/2017 09:47 AM |
Q: |
"So what happens to the materials that are not useable. Is the bidder taking on the cost of disposal? has there been any lead paint or asbestos testing done?" - Asked by #562790 01/09/2018 07:47 PM |
A: |
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Item location This location is a general area based on the sellers zip code. It is not the specific address where the item is located.
Our Buyers Fees
With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)
All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.
Example:
If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.
- Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
- Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
- Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).
Where can I see what the buyers fee is?
The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.
What if the selling agency rejects my bid?
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Bidding Increments
Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:
| If amount is greater than or equal to | The bid increment will be |
| $0.00 | $1.00 |
| $100.00 | $10.00 |
| $500.00 | $25.00 |
| $1000.00 | $50.00 |
| $2500.00 | $100.00 |
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