Surplus of Electric Motors, MCC's, Instrumentation & Plant Support Equipment to the Ongoing Operations of Teco - No Reserve Sale

TECO

Surplus of Electric Motors, MCC's, Instrumentation & Plant Support Equipment to the Ongoing Operations of Teco - No Reserve Sale

Event ended on: Sep 26th, 2023 1:00 PM EDT

Event type: Auction

Aucto BP: 18.00%

Location
Terms
Inspection info
About seller

2 asset locations

United States

Apollo Beach, Florida, United States

Tax rate: 7.5000%

Apollo Beach, Florida, United States

Tax rate: 7.5000%

Sales terms

General: These sales terms are governed by the laws of the jurisdiction in which the asset(s) are located. By participating in the auction, the Buyer acknowledges and agrees to be bound by these sales terms.
Asset Condition: All assets are sold "as is, where is" without any warranties or guarantees, either express or implied. The Seller makes no representation or warranty as to the condition, functionality, or suitability of any asset for any particular purpose. The Buyer acknowledges and agrees to the Inspection Terms. See Inspection Terms for details.
Asset Pickup: Unless otherwise stated in the Removal Terms or confirmed in writing by a duly authorized representative of the Seller, if assets are not picked up within 14 days of making payment, the Buyer forfeits rights to the asset(s) and all monies paid, and no refunds will be provided. Seller is entitled to resell or dispose of abandoned asset(s) at their sole discretion.
Transfer of Title: The title to the purchased asset(s) shall transfer from the Seller to the Buyer at time of pick up of asset(s).
Liability: The Seller shall be indemnified and held harmless from and against all claims, damages, losses, and expenses, arising out of or resulting from the sold asset(s). The Buyer acknowledges and agrees that upon pickup of the asset(s), the Buyer assumes all risk, responsibility, and liability for the asset(s) and their use.

Removal terms

ALL ASSETS HAVE A RIGGING/REMOVAL COST!
Payment: Payment must be remitted in full before removal can begin. Removal charges will be collected by Aucto and disbursed to the appropriate party.
Pickup Appointments: Once payment is received in full, pickup appointments will be scheduled so the Buyer can retrieve purchased assets(s). Unless otherwise stated in Removal Terms, pickup appointments will be scheduled via the Aucto platform. The Seller agrees to provide reasonable availability for Buyer to pick up during the 14 days after payment is received. Appointments will be booked with a minimum 48 hr notice. Buyers must fulfill scheduled appointment(s).
Documentation: Upon arrival for pickup appointment, Buyer or their authorized representative shall supply a Bill of Lading to Seller which will state an itemized list of purchased asset(s) to be released to the Buyer.
Rigging & Removal: Unless otherwise stated in the Removal Terms or on the asset description, the Seller shall remove, prepare and load the purchased asset(s) onto transport equipment scheduled and provided by the Buyer. The Buyer is responsible for any Removal Costs listed on the asset, and for all costs of transportation of the purchased asset(s). The Buyer may designate a shipping vendor to complete a pickup appointment on their behalf and may delegate them as the point of contact for the appointment. The buyer is responsible for all shipping / packaging related activities, documentation, and fees.


DISMANTLING: • Assets will be rigged out by a Teco-approved vendor, and the rigging/removal cost will be charged to the winning buyer as a line item for each asset(s) on their sales order. Aucto will notify buyers as assets are rigged out so pick up appointment(s) can be scheduled.

PICK UP APPOINTMENTS • Appointments must be scheduled in advance with minimum 48 hr notice. Once payment is received in full, asset(s) will be rigged out. Buyer and rigger will agree upon a pickup time to retrieve the assets. For questions about pick up appointments, please email support@aucto.com. Buyers must pick up their items within 7 days of receiving notice that assets are ready for pick-up, unless Aucto or Seller communicates otherwise in writing. LOADING: • Teco-approved rigger will assist with loading the assets onto a flatbed trailer or truck, and buyers are responsible for securing asset(s) for transport.

Payment terms

All payments must be made through the Aucto Payment Gateway (APG).

Buyers have below options to send payments:
- Wire Transfer
- ACH - Automated Clearing House (US)
- EFT - Electronic Funds Transfer (Canada)
- Credit Card (ONLY available for sale orders less than 5000 USD or 5000 CAD)
- Instructions will be available via APG to winners after a sale has concluded.

Aucto will NOT accept Cash, Check, E-Check, Cashier's Check or Bank Drafts as payment options.

Unless specified by the seller in the "Sale Terms", all payments are due within 24 hours of a sale
order being delivered.

Please submit tax exemption forms to support@aucto.com with your sale-order number in the
subject line. Local tax laws may apply to Aucto Buyer’s Premium (Aucto BP or ABP). In most
situations, tax on Aucto BP is not subject to tax exemption.
Inspection Terms: • By appointment only! If you'd like to request an inspection appointment, please email support@aucto.com with your request no later than 9/19/23. Inspection appointment slots will be provided to interested buyers after 9/19/23. • Must come with PPE – Safety Hat, Safety Shoes, Safety Vest, Safety Glasses, Mask
Selling since2023-03-10
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