GAUTENG PROVINCIAL DEPARTMENT INFRASTRUCTURE DEVELOPMENT ONLINE AUCTION

GAUTENG PROVINCIAL DEPARTMENT INFRASTRUCTURE DEVELOPMENT ONLINE AUCTION

Lot Closing Speed - 1 lot per minute (from 11:00 + 1 min Auto-Extend)

Viewing Dates: Monday 25 March 2024 - Wednesday 27 March 2024 (09:00 - 15:00)

Viewing Venue: VARIOUS LOCATIONS

NOTE that lots are not located at the same physical address. Please pay attention to each lot item's location.

VIEWING AND DISPATCH BY APPOINTMENT ONLY

SEE LOTS FOR MORE INFORMATION

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE RULES OF AUCTION / BIDDER PARTICIPATION FORM (DOCUMENTS TAB)

By signing the rules of Auction, you consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.

Please ensure all your documentation is sent back for verification by close of business by Wednesday 27 March 2024 to auction@tirhani.co.za

Registration fee: R10 000.00 - Please submit an ID copy, proof of address (NOT older than 3 months) together with your completed Rules of Auction.

PURCHASE PRICE: The purchase price for items on offer at the GDID'S online movable assets auction is constituted as follows:

HIGHEST BID AMOUNT: The highest bid amount announced by the auctioneer and/or the online auction system at the completion of bidding on the assets either by the fall of the hammer, or by any other customary manner is the purchase price.
VALUE ADDED TAX (VAT): The purchaser shall NOT pay VAT on the HIGHEST BID AMOUNT. it being specifically recorded that the purchases price excludes VAT

COMMISSION / BUYER'S PREMIUM: The purchaser shall not pay commission/buyer's premium calculated on the HIGHEST BID AMOUNT; it being specifically recorded that the purchase price excludes commission/ buyer's premium.

ADMINISTRATION FEE: The purchaser shall not pay an administration fee it being specifically recorded that the purchase price excludes the administration fee. 

Collections are subject to payment reflected in our bank account.

This auction is 'With Reserve'. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. The sellers shall be entitled to instruct the auctioneer to accept a lower bid. The Auctioneers reserve the right to refuse or accept the bid of any bidder should they be unable to satisfy any of the notices or the Rules of Auction. Bidders are herby given notice in terms of section 45 (4) of CPA that Tirhani Auctioneers may bid on the online auction to protect the reserve

PLEASE NOTE THAT CERTAIN LOTS WILL BE SOLD SUBJECT TO CONFIRMATION (STC) BY THE SELLER REGARDLESS OF THE ONLINE BID PRICE.

Please note that if you are the successful bidder on more than one lot, you will be invoiced for all your successful bids. You cannot choose or select which lots you will take!

NOTICE TO BIDDERS

IF YOU ARE NOT PREPARED TO ACCEPT THESE CONDITIONS, DO NOT BID ON THIS ONLINE AUCTION

NB: ALL FICA DOCUMENTS PROVIDED TO TIRHANI AUCTIONEERS MUST ALSO BE PROVIDED WHEN COLLECTING YOUR PURCHASE.

EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 1 (ONE) minute of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding. Lot Closing Speed - 1 lot per minute (from 11:00 + 1 min Auto-Extend).

MAX BIDDING: When you place your maximum bid, it will be placed at the reserve price if said max bid exceeds the reserve. If the Max Bid amount is below the reserve, the bid will be placed for the full amount. The 'System' will automatically bid against you at the set increment until reserve is met, at which point the system will stop. If you are the highest bidder, the lot will be sold to you, unless another bidder out bids you.

TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, Internet or any other online auction-related technologies, Tirhani Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Tirhani Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

Bidding Increments: R500 (up to R5,000) - R1,000 (up to R10,000) - R1,500 (up to R40,000) –R2,000 (up to R80,000) - R2,500 (up to R100,000) –R3,000 (up to R250,000) – R4,000 (up to R500,000) – R5,000 (up to R1 000 000)- R 7,500 ( up to R2,000 000) - R 20 000 (up to R3,000 000)

Control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands

FOR MORE INFORMATION

Bernard Decombes

Bidding System Queries & Support

+27 (0) 82 327 4578

Channtell Vogel

Bidding System Queries & Support

+27 (0) 71 587 6279

Robyn Brown

Invoicing Queries 

+27 (0) 79 305 3809

Stacy-Lee Campbell

Online Registration & General Queries

+27 (0) 82 327 4580