LOT 4 Various Welders, Miller and Lincoln

Listing # 81861420 • Chicago, IL US • Chicago Transit Authority

This Auction Ends in:

6 Days, 08:45:01

Auction may be extended by 2 minutes to prevent bid sniping.

Current Highest Bid:

$500.00 No Reserve

Bids: 0 Buyer’s Fee: 7.00%

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View Chicago Transit Authority's Terms of Sale

Auction Details

Starting Bid: $500.00
Current Price: $500.00
Buy Now Price	$0.00
No Reserve
Buyer's Fee: 6.00%

Start Date
End Date	[Extended]
Bid History	0 Bid(s)
Page Views	42

Payment Details

Payment in full is due to Municibid no later than 5 working days after the close of the auction. Payment is accepted in the form of Electronic Fund Transfer, Wire Transfer, Credit Card and Certified Payment (Certified Check, Cashiers Check, or Money Order). Mailed payments must be postmarked no later the 2 working days from the date of the notice of award. Please note: It may take 2 to 3 days to process your payment once it is received. For full payment instructions please visit www.info.municibid.com/pay

Item Description

You are bidding on various used welders. Condition is UNKNOWN. Sold As Is. Sold As One. Will Not Separate. All Information Known Has Been Given.

Miller Arc Welding Machine SRH 555

Serial# HJ213690

Miller Syncrowave 500-OM350P

Serial# JG064819

Miller Welder With Wire Feed

Serial# KG028374

Serial# KF813036

Lincoln Welder

Serial# 11158-4

Condition: Refer to pictures for overall condition.

Sold as one lot.

Sold "As Is" "Where Is".

Please note Disclosure of Ownership Form (below pictures to be completed by winning bidder).

Pickup Info: Appointment required (24) hours in advance.
Contact Salvage Control Coordinator via e-mail hvillatoro@transitchicago.com and msuthers@transitchicago.com

The Purchaser must provide a vehicle capable of accepting the complete load of 4 Shrink Wrapped Pallets at the time of pickup. The CTA will load the equipment with a forklift from ground level. Removal must occur between the hours of 7-1130 am & 12:30 pm-2:30 pm Monday-Friday only.

**SHIPMENT MUST BE LOADED AS IS-BREAKING DOWN OF SHRINKWRAPPED PALLETS IS NOT ALLOWED**

**** PICKUP APPOINTMENTS MUST BE APPROVED BY CTA PRIOR TO ARRANGEMENTS BEING MADE ON BEHALF OF THE BIDDER.****

IMPORTANT: Read the Terms and Conditions of Sale before bidding.

Condition: SEE DESCRIPTION

For 3rd Party Pickup:

Before the sold material will be released, the winning buyer will be required to send an e-mail (from the winning buyer's e-mail address used for the auction), identifying the representative authorized to pick-up paid item on their behalf. The authorized representative will need to bring the Notice of Award, Paid Receipt (photo copies are acceptable), bill of lading (for transport or shipping company), and their picture identification (such as a Driver License).

The Chicago Transit Authority reserves the right to reject any and all bids received. The Chicago Transit Authority also reserves the right to withdraw any auction, at any time, without notification obligation whatsoever.

ALL AUCTIONS ARE SUBJECT TO CHICAGO TRANSIT AUTHORITY APPROVAL EVEN IF THE ITEM IS BEING SOLD "NO RESERVE".

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Additional Information on this Auction

Custom ID	AFR 34421
Will Item results be voted on	No
Will you ship this item	No. Pickup only.
In person item inspection information	Viewing by appointment only. Email hvillatoro@transitchicago.com and msuthers@transitchicago.com for an appointment.
Pickup Location Details	Chicago Transit Authority, Material Distribution Center, 901 West Division, Chicago, IL. 60642

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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.

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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?

If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.

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

**If there is a reserve on an item, your bid will go to the lessor of either your maximum bid or the reserve price.

FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.

*LOT* 4 Various Welders, Miller and Lincoln