Online Auction Services for Disposal of Excess Right of Way Properties

The Iowa Department of Transportation seeks a qualified vendor to provide a full‑service, commission‑based online auction platform for the disposal of excess right‑of‑way properties across the state. The contractor must be a licensed Iowa real‑estate broker, maintain a trust account, market each parcel for at least 30 days, run electronic auctions, collect a 10 % earnest deposit, and remit 100 % of proceeds to DOT within 45 days of each sale. The award will be based on the most advantageous combination of cost (commission) and other factors such as experience, staffing, and schedule. • Must hold a current Iowa real‑estate broker license and provide proof of Errors & Omissions insurance. • Provide marketing plans, MLS listings, signage, and manage all bidder inquiries for each parcel. • Operate an online auction system, collect a minimum $20,000 per auction (or a percentage of gross sales, whichever is greater), and deliver funds to DOT within 45 days. • First auction expected after 1 July 2026; subsequent auctions no more frequently than every 2–3 months. • Contract is ongoing/indefinite with task‑order style auctions; the vendor will be the sole point of contact for all auction‑related activities.