Auction: A public sale in which goods or property are sold to the highest bidder.

Bid: An offer to buy an item for a specified price. A bid may be subject to additional terms specified by GSA or the selling agency.

Bid Deposit: A bid deposit requirement means the prospective bidder must submit the specified amount before being granted access to actively bid.

Bid Increment: The amount by which the current high bid must be increased in order to place a new bid.

Certified Recycler: Certain electronic items may require the successful bidder to be R2 or e-Steward certified at the close of sale. Once verified by the Contracting Officer, the contract will be awarded.

Close Time: The date and time that the auction will close. This may change due to an auction extension.

Current High Bid: The highest bid currently placed. This is the price to beat to become the new high bidder.

Export Control Certifications: Certain property categories are subject to the International Trade and Arms Regulations (ITAR). Bidders must accept an Export Control Certification acknowledging compliance with U.S. export laws, including:

• The Arms Export Control Act of 1976 (22 USC 2751, et seq.)
• The International Traffic in Arms Regulations (22 CFR Parts 120–130)
• The Export Administration Regulations (15 CFR Parts 730–774)

Inactivity Period: The time (in minutes) without bidding activity required for the auction to close. If not applicable, it closes at the scheduled time.

Maximum Bid (Proxy Bid):The maximum amount a bidder is willing to pay. The system automatically bids on their behalf up to this limit.

Minimum Bid: The sum of the current bid and the bid increment. For example, if the current bid is $25 and the increment is $5, the flat bid would be $30.

Special Handling Certifications: Some items may require special handling or certification, such as license details or registration numbers. Examples include:

• Acid and explosive contaminated materials
• Ammunition and ammunition components
• Controlled substances
• Drugs, biologicals, and reagents
• Certain electronics
• Lead-containing paints and related items

Special Terms: Agencies may impose special terms related to offering, inspection, or removal of property. These are displayed on the item description page.

Start Time: The date and time an auction begins.

Statement of Intent:A document required for certain property categories, certifying that the property’s destination and use comply with the approved Statement of Intent verified by the Contracting Officer.

Terms and Conditions:All bidders must read and accept online Terms and Conditions before registration with GSA Auctions®. These terms, based on SF 114C, are updated annually and subject to change with written notice.