Limited-Time Inventory Auction
When: Oct 26-27 – Visual inspection, lot verification, Q&A
Oct 28 – Auction
Bidding: 10:00-10:30 am Central
Results released: 11:30 am Central
50% Funding by 5:00 pm Central
Where: Bentonville, AR (if by email, submit to [email protected])
Who: Qualified Bidders Only (Contact [email protected] to register.
Must be qualified by Monday 10/26, and sign agreement to auction rules.
Products: Kimberly-Clark US-Made NIOSH approved N95 respirator
KimTech model 53358.
On CDC website: CDC Link
Available Qty: 11m masks; currently in AIM inventory
Minimum order for this Auction – 324,000 masks (half truckload)
AUCTION PROCESS:
Inspection:
Two days prior to auction, Qualified Bidders allowed in person for lot verification; 3rd parties (ie SGS) allowed with prior authorization.
Timing:
Bids submitted in person or by email from 10:00-10:30 am Central, allocations and clearing price calculated and displayed by 11:30 am Central, 50% funding required by 5 PM.
Dutch Auction:
– Each bid is either competitive (price and quantity) or non-competitive (quantity only).
– Qualified Bidders may place multiple bids at different quantities.
– Max price ($2.05 per mask); Reserve price ($1.60 per mask).
– Allocation assigned first to quantities demanded by non-competing bids, and then competing bids from the highest price bids down sorted by largest volume ordered first, until all 11 million available is assigned.
– The price that each bidder pays is based on the lowest price of all the allocated bids.
Payment:
Filled bids must fund 50% of cleared value by 5 PM on day of auction, or face 10% non-refundable penalty. Remainder due on the earlier of pickup or 7 business days. Available to pickup same day if funded.
Email: [email protected]