State Surplus FAQ
What is state-owned Surplus property?
State-owned surplus property is anything owned by the State that is determined to be no longer useful or needed by a state agency.
Who can purchase state-owned Surplus property?
Surplus state-owned property can be transferred to state agencies, purchased by local units of government, or purchased by the general public, in that order.
Are prices marked on the items for sale?
No. Items sold through auction or sealed bid may be subject to a minimum bid starting point and are sold to the highest and responsible bidder.
What is a Performance Bond?
A performance bond is a required deposit that ensures that a bidder removes all awarded items. This bond is returned to the bidder upon complete item removal.
What methods of payment are accepted?
Cash, certified checks, cashier's checks and money orders are accepted. Personal and company checks are not acceptable. Letters of credit are not accepted.
What is a bid packet and how can I obtain one?
A bid packet is used to bid on items sold through sealed bid. The packet contains the bid sheet, affidavit and bid envelope. To receive a bid packet for a sealed bid sale (other than warehouse sales), call 317-234-3685.
How are warehouse sale bid packets different from the other sealed bid sale bid packets?
Bid packets for the sales held at the Surplus Warehouse every five to six weeks are not available prior to the sale dates. A bidder receives a bid packet by registering the day of the sale. No bid packets will be distributed prior to the sale dates.
