SVN Auction Services has been awarded a five-year contract by the Utah Department of Transportation (UDOT) to create and manage an electronic online auction platform and clearinghouse to streamline sales of surplus real property owned by UDOT. The surplus land auctioning process is governed by Utah Administrative Code R907-80, which establishes the process for UDOT to dispose of real property declared as surplus to the state’s needs.{mprestriction ids="1,3"}
The UDOT SVN-managed online auction platform is found at www.UDOTauctions.Utah.gov. The site, which is now live, delivers around-the-clock access to UDOT auction-related information allowing interested parties to register for opt-in email notifications. It also allows real-time mobile platform bidding for qualified buyers.
“Based on our extensive national online auction experience, we have created an online solution to maximize value for UDOT,” said Louis B. Fisher III, national director of SVN. “This allows the department to more efficiently direct all sales-related proceeds back into the transportation fund to offset future transportation developments costs.”
The first online auction starts advertising in February and goes live March 13-20, with nine surplus properties to be sold.
Working in collaboration with the national SVN Auction Services team, SVN Alta Commercial Real estate in Salt Lake City provides local brokerage activities for the auctions.
“This partnership is exactly what we need to assist us in creating a new process and platform to meet our department’s goals and initiatives,” said Rod McDaniels, UDOT’s deputy director of right of way.{/mprestriction}
