TENDER OPTIONS   an open-tender option is where an offer may be accepted at any time during the tender period,  the closed-tender option is where an offer will be considered when the tender period expires.

TENDER PERIODS on the average  run from 3 days to 60 days with 30 days being the average. with a start and  finish date, once the tender period expires the item will auto delete, deemed to be sold by the vendors. 

SUBMITTED TENDERS all tendered offers are automatically emailed to the vendor as they arrive up until the tender period expires,

INSPECTIONS  items that are listed for sale via tender will at the discretion of the vendors deemed to have arranged inspections of the tendered items if necessary and where possible. at the sellers discretion if an inspection is not possible the highest tendered offer may be reserved the right to inspections and further negotiation.

LEGAL forsalebytender and the operators hold no responsibility for the described description or condition and the whereabouts of any item listed for sale on this web site, any party tendering on any such items is deemed to be satisfied that the item is in the described condition and location as per the advertised item, all persons entering into an agreement to pay for, and uplift items described on this web site shall do so with the arrangement with the vendor of the described goods.

CONDITION-RATER  most items where applicable, listed on forsalebytender have a condition-rater set by the vendors of such goods, rated out of 10, being the BEST possible condition for the age of the item with a  5 being AVERAGE for the age of the item and a 2 being VERY POOR for the age of the item, 4salebytender hold NO responsibility whatsoever for the condition of the items as described by the sellers of such goods.

ADVERTISING individuals & organizations using this web site should do so, DESCRIBE the items accurately, set out inspection times & locations if applicable, in their TERMS OF SALE, at the end of the tender period the said items will auto delete deemed sold

SELLING TENDER ADVANTAGES  selling via the tender system has inherent advantages over the auction system and should be considered where the item is of unusual nature located in remote areas and is of high value, as there is generally more than one buyer, should the highest tendered offer fail to complete the is generally a back up buyer. other advantages are as follows

1 Generally attracts only genuine buyers

2  Sale date is set 

3  You determine the terms and conditions 

4  Removes the necessity to set a price for your property / asset 

5 Increased prospective buyers viewing your property as they are not put off by a price above their range

6 Encourages buyers to submit their best price

BUYER ADVANTAGES  as a buyer there are distinct advantages to purchase assets via the tender system, generally there is no reserve price or a  pre determined value to meet,  the vender at the end of the exercise is tuned into the true value the asset / items, by the range of tenders received, in the case of  some tenders where due to location where an inspection is difficult  the highest tenderer, on acceptance by the seller reserves the right to be fist in line for an  inspection & further negotiation should the item fail to live up to the description as advertised.

SETTING A PRICE  it is accepted that $000 value amount be stated in the advertisement so as to attract a wider range of buyers,  or the other option is state a minimum bid value as to attract only buyers over the minimum  figure stated, only the initial start bid is visible, subsequent  bids are not visible to the viewer, but emailed direct to the seller/agent 

ACCEPTANCE OF TENDERS the highest or  lowest tendered offer on any item may or may not necessarily be accepted, acceptance or rejection is at the discretion of the sellers of such goods, in some cases the the highest tendered offer shall reserved the right for further negotiations / inspections etc

ADVERTISING INFO see examples.

forsalebytender team