Online Auction Services
Overview
Fit Score
Settle Intelligence
Settle helps teams find, evaluate, and respond to public RFPs. We continuously surface new opportunities, score them against your company strengths, and draft proposal responses so you can focus on the work that wins business.
SUMMARY
KEY REQUIREMENTS
BUDGET
EstimateTIMELINE
Open: March 18th, 2026 1:00 PM CDT
Close: April 8th, 2026 1:00 PM CDT
Sealed Until: April 8th, 2026 1:00 PM CDT
Estimated proposed first on-line electronic auction date to be after July 1st, 2026
Bid Opening Date: April 8th, 2026 1:00 PM CST
Issuing Agency
Iowa Department of Transportation
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
The government authority in Iowa is seeking competitive bids for online auction services to manage the disposal of excess right-of-way properties. The selected vendor will be responsible for providing an electronic online auction platform for the sale of various tracts of land and improvements throughout the state.
The vendor must maintain an active trust account for handling the receipt and disbursement of all funds related to the sales, including earnest deposits and final balances. The service provider must market parcels for a minimum of 30 days to ensure proper facilitation between buyers and sellers. Additionally, the vendor is required to offer both written and verbal instructions to successful bidders until all funds are collected and deposited.
The provider must supply timely reports regarding outstanding funds due for the sale of each parcel, ensuring transparency and accountability throughout the auction process.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.