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- 45 Qty. Commutators Sold As One LOT (61032573)
45 Qty. Commutators Sold As One LOT
Listing Number: 61032573 | Chicago, IL US | Chicago Transit Authority 7 Seller's Other Auctions
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Auction Details
| Starting Bid: $30,000.00 | |
| Current Price: $30,000.00 | |
| Buy Now Price | $0.00 | No Reserve Available for immediate purchase. |
| Buyer's Fee: 6.00% |
| Start Date | |
| End Date | [Extended] |
| Bid History | 0 Bid(s) |
| Page Views | 998 |
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
You are bidding on a LOT of NEW (45) COMMUTATORS, SPIN SEASONED, FOR GE 1250 & 1262
TRACTION MOTORS, CONSISTING OF 126 BARS; 7-1/4" BRUSH Sold as one. Will not separate. All information known has been listed.
Sold "As Is" "Where Is".
Please note Disclosure of Ownership Form (below pictures to be completed by winning bidder).
Pickup Info: Appointment required (24) hours in advance.
Contact Salvage Control Clerks hvillatoro@transitchicago.com and msuthers@transitchicago.com
The Purchaser must provide a vehicle capable of accepting the complete load at the time of pickup. The CTA will load the equipment with a forklift from ground level. Removal must occur between the hours of 7- 1 pm Monday - Friday only.
**SHIPMENT MUST BE LOADED AS IS-BREAKING DOWN OF SHRINK WRAPPED PALLETS IS NOT ALLOWED**
**** PICKUP APPOINTMENTS MUST BE APPROVED BY CTA PRIOR TO ARRANGEMENTS BEING MADE ON BEHALF OF THE BIDDER.****
IMPORTANT: Read the Terms and Conditions of Sale before bidding.
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).
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 | CTA LOT# 5142171 | |
| Will Item results be voted on | No | |
| Will you ship this item | No. Pickup only. | |
| In person item inspection information | MIke Suthers at msuthers@transitchicago.com or Hector Villatoro at HVillatoro@transitchicago.com | |
| Pickup Location Details | Chicago Transit Authority, 901 W. Division St. Chicago, IL 60642 |
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.