| Burlco eyes Web auctions
Burlington County plans to join other local governments in auctioning government surplus items on the Web. The Burlington County Freeholders authorized its treasurer's office to sign an agreement with GovDeals Inc., which operates an Internet auction site called www.govdeals.com. The freeholders said they will sell vehicles and office equipment to the public online to make more money, save time and attract more bidders. Sharon Brauckmann, county purchasing agent, said the auction would be held later this year and not until the state Department of Community Affairs gives its approval. She said the state must approve a county application to waive the normal local public auction using an auctioneer. Kurt Brock, the county's chief financial officer, said the state is approving Internet auctions of government property only on eBay and GovDeals.
Go Shopping Via Reverse Auctions
I've found myself in an interesting and illuminating loop lately. In February, I wrote an article offering some money-saving shopping tips. Good enough, right? Well, I quickly heard from some folks who offered me additional advice, especially about where to find great discounts and coupons online. So I then wrote about how to be a smart online shopper. And then -- you guessed it -- I heard from more folks. So here's my next installment, this time focused on ... (drumroll) reverse auctions. With traditional auctions, such as you'll find at eBay (Nasdaq: EBAY), buyers bid on items, driving up the price until no one wants to bid anymore or the time runs out. With reverse auctions, an item's price starts out high, and then drops -- until someone buys it, ideally. This is similar to the "Dutch auction" concept, which Google (Nasdaq: GOOG) used for its IPO.
Revised bidding documents from ICTAD for construction industry
COLOMBO: The Director General of Advisory Service Vajira Ranasinghe said yesterday that with the view to develop and uplift minor, medium and major scale construction industries in Sri Lanka the Institute for Construction Training and Development (ICTAD) had introduced new revised bidding documents from time to time according to the local and international changes in the construction industry. In this connection, it has arranged two seminars for engineers, quantity surveyors, constructors and Government and private construction industries who are engaged in construction work. Addressing the workshop at ICTAD auditorium Vajira Ranasinghe said that during the last seminar they introduced the standard bidding documents for minor scale contracts as well as medium level contracts.
Greece raises 1.8 bln eur in reopened 10-yr bond auction
ATHENS (Thomson Financial) - Greece has accepted 1.8 bln eur out of a total of 7.59 bln eur in bids for its reopened ten-year bond auction, the Greek Public Debt Management Agency said.
The ten-year bonds have a fixed coupon of 4.3 pct and expire on July 20, 2017.
The weighted average yield came in at 4.41 pct, and the weighted average price was 99.006, the PDMA added.
The settlement date will be Friday, April 20, but primary dealers can submit non-competitive bids for up to 20 pct of the initially planned auction of 1.5 bln eur until 12 noon local time on Thursday, April 19.
Source: Euro2day.gr NewsWire
nick.skrekas@thomson.com
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Ableauctions Announces 2006 Financial Results
OJAI, Calif.--(BUSINESS WIRE)--Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today the results of operations for the year ended December 31, 2006. FINANCIAL HIGHLIGHTS The Company reported an increase in revenue of 41% from the previous year with revenue of $6,243,865 for the year ended December 31, 2006, compared to $4,428,912 in 2005. Revenues from the Company's liquidation services increased by 50% to $4,917,198 from the previous year, accounting for 78% of total revenues. Revenues from the Company's auction operations iCollector and NAALive grew over 70% and 100%, respectively. The Company also reported an increase in gross profit for 2006. Gross profit for 2006 was $2,375,466, or 38% of total revenue, for the year ended December 31, 2006, compared to $1,299,151 or 29% of total revenue, for the year ended December 31, 2005.
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