SOLD! March 12 Interstate Electrical Construction Business Liquidation Auction

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Internet bidding

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Auction date
Tuesday, March 12, 2013

Auction time
10 a.m. CST

View March 12 Interstate Electrical Construction Business Liquidation Auction flyer

Auction Podcast 30
March 12 Interstate Electrical Construction auction March 12 Interstate Electrical Construction auction
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Terms, conditions, explanations and information
Terms, conditions, explanations and information in addition to those listed on this page are found in the Terms and Conditions section of this site and on the individual listing pages for all assets included in this auction. All terms, conditions, explanations and information are intended to be supplemental and complimentary to each other. They are incorporated by reference into this page, and collectively they govern this auction. In the event of a conflict or inconsistency among terms, conditions, explanations or information in the Terms and Conditions section, the individual listing pages for assets and/or this page, the individual listing pages shall control this page and the Terms and Conditions section, and this page shall control the Terms and Conditions section. By registering to bid live and/or on the Internet, you agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Purple Wave.

Internet bidding
This is an Internet-only auction, which means the highest bid online when the bidding closes on a particular item will be the winning bid for that item. Bidding for items will begin to close one item per minute at 10:00 a.m. CDT on Tuesday, March 12. The items will close in the order listed on the website. This auction will feature our automatic extension system which will grant a five (5) minute extension to the end of the auction of any item receiving a bid during the last five (5) minutes. The item will then close when five (5) minutes have elapsed without any bidding activity. Unless otherwise noted, items in this auction are selling without reserve, and all Internet bids are treated as if they were given at a live auction. All bidders will be held accountable for their Internet bids.

Inspection prior to bidding
All items, unless stated otherwise, are sold "as is, where is" . Bidders are responsible for assessing item condition prior to placing a bid. We strongly recommend personal inspection of items prior to bidding. Purchaser buys entirely on his own examination. It is the responsibility of the buyer to conduct any inspection and examination necessary to satisfy him of all material facts before placing a bid.
All sales are final. No refunds given. Credit card transactions may not be reversed.

Qualifying bids and bidders
Bids over the amount of $10,000.00 are subject to Purple Wave's qualification process. Verification may include, but is not limited to, providing a bank letter of guarantee, credit references or credit card pre-authorization. Purple Wave may take any or all of these measures at any point during the auction. Purple Wave reserves the right to strike any Internet bid if the bidder refuses or fails to timely cooperate with Purple Wave's efforts to verify the bidder's qualification to bid. By registering to bid in this auction, you authorize all credit references, banks and credit reporting agencies to provide complete information about your credit to Purple Wave. For questions regarding Purple Wave's bid qualification, please contact our Customer Development Department at accounts@purplewave.com or call 785.537.5057.

Sales taxes
State law requires Purple Wave collect sales tax on all applicable transactions. Tax rates are based on the item's location and are applied to the total purchase price (hammer price plus the Buyer's Premium). Tax will be collected unless the buyer provides proof of a tax exemption, which must be submitted before tax amounts will be removed from the invoice. Exemption forms are auction specific and will need to be completed for every event. Purple Wave cannot offer advice, opinions or guarantees about whether you are in fact exempt. Consult your tax advisors if you have eligibility questions. Purple Wave, Inc. cannot be held responsible for States' registration requirements in regards to exemptions. Please note, guidelines and regulations regarding tax exemptions may vary between states. If you are eligible for an exemption, please complete the appropriate exemption certificate and email it to manhattan@purplewave.com or fax to 785.539.5356.

Buyer's premium
A 10% buyer's premium will be added to all winning bids, resulting in the total purchase price. Your Internet bids are a contract and you are responsible for honoring them.

Grouped extensions
This auction will utilize our grouped extension feature. The following asset types will be sold in groups:

Learn more about our grouped extension feature.

Location information, also available from item view

Interstate Electrical Construction Inc.
1715 S US Highway 59
Parsons, KS 67357
View all items at this location
Item location address
These items are located at 1715 S US Highway 59, Parsons, KS
Item-specific questions
For information related to this specific item, please contact Bob at 620.421.5510.
Auction questions
For information related to auction-specific issues, such as terms, shipping availability, payment or Internet bidding, please contact Purple Wave at auction@purplewave.com or 866.608.9283.
Inspections
For information about inspecting these items, please contact Bob at 620.421.5510. Inspection times are March 7, 8, and 11 from 8 a.m. to 5 p.m. and by appointment only. Must check into the office upon arrival.
Removal
For information about item removal, please contact Bob at 620.421.5510. Removal times are March 13, 14, and 15 from 8 a.m. to 5 p.m. and by appointent only. Personnel, a forklift, a loading dock and vehicle start assistance will be available during loadout. Must check into the office upon arrival.
Removal timeline
Unless other removal arrangements are made with the removal contact within 48 hours from the end of the auction, fees for failing to timely remove items won may be assessed under the auction terms and conditions. All items must be removed by Tuesday, March 26. Items not removed by Tuesday, March 26 will be subject to penalty up to and included additional storage and administration fees and item forfeiture.

Sale order
Items in this auction are sorted by bid amount until 24 hours prior to the auction. The items will be sorted in their final sale order 24 hours prior to the auction.

Payment information
Payments must be made by 4 p.m. CST on the second business day following the auction. Purple Wave reserves the right to charge the credit card on file the total purchase price, $30.00 late payment fee for invoices not paid within (7) business days after auction. Business hours are Monday through Friday 8 a.m. to 5 p.m CST. Cash and wire transfers (wire instructions) in any amount will be accepted. Checks up to $10,000.00 will be accepted without a bank guaranty letter. Checks of $10,000.00 or greater will be accepted only with a bank guaranty letter (letter requirements) or with prior approval from Purple Wave's credit department. MasterCard or Visa will be accepted only for charges up to $2,000.00, and only after authorization (via website or email) or in-person signatures are obtained from the cardholder. Purple Wave reserves the right to hold assets and/or certificates of title until funds availability is confirmed.

Item removal requirement
Merchandise must be removed in accordance with the removal terms listed for each item location above. A paid receipt must be presented to remove items from the premises. Buyers who incur storage fees as a result of late pickup must present a paid receipt for the total invoice price and all storage fees before removing items from the premises. Item's not removed within fourteen (14) days after the auction are subject to penalty up to and including additional storage fees, administration fees and item forfeiture. Purple Wave and/or seller reserve the right to pursue legal remedies.

Default Charges
If a auction transaction is defaulted on for any reason, Purple Wave reserves the right to charge the winning bidder a default fee. The default fee is 15% of the hammer price (with a minimum of $100.00). Purple Wave and/or the seller reserve the right to pursue all legal remedies. If unable to satisfy the terms of auction, do not bid.

Shipping and Transportation
Shipping is available on the items in this auction. Purple Wave has partnered with MachineryLink Transport to provide shipping and transportation services to winning bidders. MachineryLink Transport generally does not facilitate shipment for items weighing less than 150lbs. Unless otherwise stated on the item shipment for items weighing less than 150lbs, shipping is not available. See MachineryLink Transport details for more information.

To obtain a quote from MachineryLink Transport contact Kevin Myers at kmyers@machinerylink.com or logistics@machinerylink.com.

In order to provide accurate shipping quotes, please supply the following information.

MachineryLink Transport will recommend the safest, most reliable and cost effective transportation options.

Any shipping/transportation arrangements are ultimately between the buyer and the shipping company and not Purple Wave.

Winning bidders may choose to make transportation arrangements themselves, provided that all removal terms and conditions are met. Purple Wave does not provide packing or rigging services.

Questions
Item-specific questions should be directed to the contact listed above at the item location. Please contact Purple Wave at auction@purplewave.com or 866.608.9283 for more information. Problems with or questions about Internet bidding should be directed to manhattan@purplewave.com

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