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  5. ›RFP 05082023MT - Professional Auctioneer Services

Memphis-Shelby County Schools·Tennessee

RFP 05082023MT - Professional Auctioneer Services

Closes 5/8/2023$40k – $80kRequest for Proposal
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Description

The Shelby County Board of Education (Memphis‑Shelby County Schools) seeks a qualified vendor to provide professional auctioneer services for the district’s asset disposals. The contractor will conduct up to two public auctions per year (both on‑site and online), manage all advertising, collect proceeds, handle tax compliance, and provide detailed post‑auction accounting. Compensation is performance‑based, using a buyer’s premium percentage of gross auction receipts, with the district paying no fixed fee. The contract is initially one year with the possibility of up to four additional one‑year renewals, and the vendor must meet licensing, bonding, insurance, background‑check, and staffing requirements. • Conduct up to two public auctions annually (on‑site and/or online) of district‑owned assets. • Provide all marketing/advertising, auction equipment, staffing, and post‑auction financial reporting. • Compensation via buyer’s premium (percentage of gross receipts); vendor proposes separate rates for live and online auctions. • Must hold a Tennessee auctioneer license, be bonded, carry required insurance, and complete background‑check/badge requirements for any staff interacting with students. • Contract term 1 year (July 1 2023 – June 30 2024) with up to four optional one‑year extensions.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Mary Taylor(Senior Advisor, Procurement)

[email protected]

(901) 416-5376

Key dates

Opened
4/14/2023
Questions due
4/21/2023
Closes
5/8/2023
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Event Services
NAICS
541990
Solicitation №
RFP 05082023MT

Budget estimate

$40,000 – $80,000

Based on the disclosed buyer’s premium rates (10 % for live auctions, 12 % for online) and historical auction revenue (approximately $500,000+ in 2023), the vendor’s gross earnings are expected to range from roughly $45,000 to $60,000 annually. Assuming modest variation in sales volume and the possibility of lower‑volume years, a reasonable estimate is $40,000 – $80,000 for the contract year.

AI estimate from the solicitation

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