Through our online marketplace, GovDeals maximizes recovery and mitigates risk by providing excess government property solutions for over 15,000 Federal, State, and Local agencies and government contractors. The marketplace houses over 5 million registered bidders, and in accordance with federal government regulations, all potential bidders are screened against United States and International Government Restricted Party Lists.
Understanding 41 CFR Parts 102-38 and 102-39: Federal Agencies May Use Third-Party Providers to Support Property Disposal
Managing federal property doesn’t end when an asset is no longer needed. Agencies must also determine the appropriate next step, whether that means transferring, selling, exchanging, donating or otherwise disposing of the property. With a wide range of assets moving through this process, having the right disposition strategy is an important part of responsible asset management.
When planning disposition activities, many property professionals focus primarily on internal processes and statutory requirements. What is often overlooked is that federal regulations provide agencies with significant flexibility in how sales are conducted, including the ability to use contracted third-party providers to support disposal activities.
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