Liquidity Services will acquire all scrap property offered to it by the DLA and, in exchange, will pay a revenue-sharing payment equal to 64.5 percent of the gross resale proceeds. The company will bear all of the costs for the sorting, merchandising and sale of the property.
Liquidity Services will continue to serve as the primary sales channel for DoD scrap property, including base materials and scrap metals such as ferrous and non-ferrous metals, nickel alloy, rubber, paper and other miscellaneous materials. Assets will be offered for sale through Liquidity Services' online auction marketplace, Govliquidation.com, to a global buyer base.
Source: Liquidity Services Inc.
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