5. SPECIFICATIONS: A. Upon request for auction services, the auctioneer will be expected to hold said auction within 90 days, unless a special agreement with the County is made changing this timeframe. B. The auctioneer/auction company will be required to handle all advertising and costs for auction and will provide documentation of advertising to Montgomery County Purchasing for recording purposes. C. All items will be sold at public auction. No direct sales will take place. D. If available, and to the best of our ability, Montgomery County will furnish all right-ofway plats, surveys, building plans, engineering data, appraisals, operating reports, and title certificates, required to enable the Auctioneer to complete his/her services. Any additional information requested may be furnished if available. E. The Auctioneer will be expected to provide complete documentation for each auction, along with copies of advertisements, brochures and other documentation relating to the sale of said property when requested. F. The Auctioneer is responsible for registering all bidders, ensuring bidders are qualified to bid, and collecting and holding any deposit monies until completion of the auction. G. Immediately following the auction, the Auctioneer will be required to submit a detailed Settlement Auction notice that includes the auction date and number, the purchaser’s name and address and any other information needed by the County, along with a check for the proceeds of the auction. H. Auctioneer must hold all necessary and current licensing needed and provide a valid business license for the State of Tennessee.
