Bidding forms are provided to participants. Sealed bids are opened publicly and awards are given to the highest bidder. Property is offered, item by item, and sold to the highest bidder. Bidding instructions are given by the auctioneer on the government property offered. Here, a buyer has the opportunity to write down and mail in his bid.
Property is awarded after full payment is received.
The best way to keep yourself informed about sales is to get your name on the GSA's prospective mailing lists. You will have to write to each of the 11 regional centers indicated below if you want your name to appear on each of their mailing lists. Each has a different application. When you write, ask that your name and address be placed on the bidder's list. A major of forced-sale merchandise and property is the Internal revenue Service.