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Creosote Lumber
Listing Number: 37088384 | Chicago, IL US | Chicago Transit Authority 8 Seller's Other Auctions
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View Seller Terms (PDF): DISCLOSURE OF OWNERSHIP[1].pdf
Auction Ended:
Final Bid:
$11,500.00
Bids:
34 Bids
Auction Details
| Starting Bid: $2,000.00 | |
| Current Price: $11,500.00 | |
| Buy Now Price | $0.00 |
| Tax: 10.25% | Reserve Price Met Available for immediate purchase. |
| Buyer's Fee: 6.00% |
| Start Date | |
| End Date | [Extended] |
| Bid History | 34 Bid(s) |
| High Bidder | lcstrconst l********t |
| Page Views | 3482 |
Payment Details
Payment in full is due to Municibid no later than 5 working days after the close of the auction. Payment is accepted in the form of Electronic Fund Transfer, Wire Transfer, Credit Card and Certified Payment (Certified Check, Cashiers Check, or Money Order). Mailed payments must be postmarked no later the 2 working days from the date of the notice of award. Please note: It may take 2 to 3 days to process your payment once it is received. For full payment instructions please visit www.municibid.com/pay
Item Description
Pine: Southern, Yellow Walk Ties 6" x 6" x 8', Creosote Treated. Sold as one lot.
Quantity: 2,259
The information listed above is all that is available to us on this material for sale.
Refer to pictures for overall condition.
Sold "As Is" "Where Is".
Please refer to the method of pickup below before bidding.
METHOD OF PICKUP
The Purchaser must provide an appropriate flatbed truck capable of accepting the load of material at the time of pickup ( This material is predominantly banded together and must be removed in the same manner). The CTA will assist with the loading of the material with a forklift from ground level. The removal of the ties must be completed within (7) calendar days from the pickup notification date. Loading of the Purchaser's truck must occur between the hours of 7-1pm Mon-Fri only.
For 3rd Party Pickup:
Before the sold material will be released, the winning buyer will be required to send an e-mail (from the winning buyer's e-mail address used for the auction), identifying the representative authorized to pick-up paid item on their behalf. The authorized representative will need to bring the Notice of Award, Paid Receipt (photo copies are acceptable), bill of lading (for transport or shipping company), and their picture identification (such as a Driver License).
Business Hours: Monday through Friday, 7-11am & 12-1pm CST. Closed Saturday, Sunday, & Holidays.
IMPORTANT: Please read the Terms & Conditions of Sale before bidding. Do not bid unless you intend on buying.
NOTE: The attached Disclosure form must be completed by the successful bidder at the end of the auction.
The Chicago Transit Authority reserves the right to reject any and all bids received. The Chicago Transit Authority also reserves the right to withdraw any auction, at any time, without notification obligation whatsoever.
ALL AUCTIONS ARE SUBJECT TO CHICAGO TRANSIT AUTHORITY APPROVAL EVEN IF THE ITEM IS BEING SOLD "NO RESERVE".
Additional information on this Auction
| Custom ID | 1531501 | |
| Will Item results be voted on | Yes | |
| Date of voting | Thursday, July 15, 2021 | |
| Will you ship this item | No. Pickup only. | |
| In person item inspection information | Viewing by appointment only. Email [email protected] for an appointment. | |
| Pickup Location Details | Chicago Transit Authority, Warehouse 48, 313 E. 63rd St., Chicago, IL. 60637 |
Item location This location is a general area based on the sellers zip code. It is not the specific address where the item is located.
Our Buyers Fees
With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)
All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.
Example:
If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.
- Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
- Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
- Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).
Where can I see what the buyers fee is?
The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.
What if the selling agency rejects my bid?
If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.
Bidding Increments
Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:
| If amount is greater than or equal to | The bid increment will be |
| $0.00 | $1.00 |
| $100.00 | $10.00 |
| $500.00 | $25.00 |
| $1000.00 | $50.00 |
| $2500.00 | $100.00 |
FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.