| Special Auction Terms |
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This Auction will be conducted on site at 11:00am at the 99 Development Road, Fitchburg, MA facility and will consist of a total of three lots.
NOTE: In order to bid on the 17th, bidders must submit a qualified bid along with a certified deposit by no later than Monday, October 16, 2006 at 12:00 noon.
Qualified Registered bidders will have the opportunity to raise their bids at the auction.
In order to qualify for bidding, all interested parties must provide the Auctioneer with the following along with their bids no later than noon on October 16th. :
-Parties bidding collectively on all assets in its entirety (Lot #1) must provide a $500,000 certified check as a refundable deposit.
-Parties bidding on M&E (Lot #2) or the Real Estate (Lot #3) individually must provide a $250,000 certified check as a refundable deposit.
Lot 1: All assets in its entirety “Machinery & Equipment and Real Estate”. Starting bid price: $1,825,000
Lot 2: All Machinery & Equipment at the facility
Lot 3: The Real Estate only
The sum of the 2nd and 3rd lot must exceed the final bid for Lot #1 in order to be considered. | |
New Sale Date: Tuesday, Oct 17, 2006 at 10:00am (Eastern) (was Thursday, October 19, 2006 at 12:00 Noon
Absentee (Proxy) Bids & Accounting Contact: Laurie Leach, 203-488-7020
Equipment & Preview Contact: Rick Daniels, (203) 483-2217 |
Equipment Location Details
| Fitchburg, MA |
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Lot #s: |
ALL |
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Address: |
99 Development Rd. Fitchburg, MA 01420 |
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Sales Tax/ VAT: |
TBD Percent. |
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Inspection/ Preview: |
Preview by Appointment only. Contact Rick Daniels @ (203) 483-2217 |
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Removal: |
TBD. | |
Sale-Specific Shipping & Logistics
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Local Service Providers*
Rigging:
*The Branford Group does not pack, ship, store, crate or rig items. Buyers may either pick up their items at the designated auction site personally or can arrange for a third party logistics firm to manage the removal process for them. If someone other than the registered buyer at the sale is designated to pick up those purchased assets, the buyer must: 1) Contract with an independent logistics firm or other representative who will dismantle, crate, pack, or ship your purchased items. 2) Coordinate the removal of those purchased items to meet the time deadlines indicated on this page. 3) Submit an "Agent Release Authorization" form which will allow The Branford Group to release items to a third party contractor for shipping, crating or packing purposes. *The Branford Group finds and displays one or more local logistics service providers who understand our removal process, offer specific services, and have certain skills and capacities. We offer this service to you without representations or warranties of any kind whatsoever. |
Sale-Specific Terms Summary
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Payment Deadline: |
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Within one business day after invoice date. |
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Currency: |
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US Dollars. |
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Language: |
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English. |
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Registration Requirements: |
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Open to the public. Free to bid onsite or via proxy form. All bidders must provide their name, company (if applicable), mailing address and phone number prior to the auction. |
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Deposit: |
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TBG requires a deposit of not less than twenty five percent (25%) of the Buyer's TOTAL PURCHASE PRICE by the end of sale day - with the balance due by the end of the next business day. This can be in the form of cash, a cashiers check, or business check with a bank letter of guarantee. |
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Buyer's Premium: |
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No buyer's Premium. |
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Sales Tax: |
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See each location for specific percentage. All applicable state sales taxes apply. It is the responsibility of the Buyer to provide documentation necessary for exemption or refund of sales tax paid. |
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Invoices & Payment Instructions: |
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Winning bidders can request a printed paper invoice from the Accounting Manager at the sale location during or after the sale. Detailed payment instructions for each sale are available in the printed lot catalog at the sale location on the day of the sale. Electronic bidders will be sent detailed payment instructions via email along with their invoice. |
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Payment Conditions: |
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 All payments must be in Cash (at the sale location, when available), Cashier's or Certified Check, Federal Wire Transfer of immediately available funds or a Corporate Check accompanied with a bank letter of guarantee. Without limiting TBG's discretion, no corporate checks without a bank guarantee and no personal checks will be accepted. No title shall pass to Buyer until the total purchase price and all Taxes have been paid to TBG in collected funds. |
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Removal, Shipping & Logistics: |
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The buyer (or a third party Authorized Agent contracted by the buyer) is responsible for removal of equipment by the posted Removal Date. |
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