Liquidity Services Creates a Market for Remote Assets, Generating $52 Million in Recovery

Industry
Mining & Large Construction
Challenge
One of the world’s largest construction and civil engineering companieswas tasked with designing and constructing three liquefied natural gascomplexes on Curtis Island in Queensland, Australia.
Results
By efficiently cataloging, selling, and removing assets from our completed projects, Liquidity Services maximizes recovery while offloading a key business process and ensuring we meet demobilization deadlines.
The Challenge
One of the world’s largest construction and civil engineering companies was tasked with designing and constructing three liquefied natural gas complexes on Curtis Island in Queensland, Australia.
Throughout the three-year lifespan of these projects, the company faced several unique challenges:
- Inbound, stage, sell, and remove surplus assets on a firm schedule without jeopardizing recovery
- Efficiently demobilize and close down projects by disposing of remaining assets
- Maximize recovery for assets by reaching a global buyer base
- Accomplish these objectives within a tight demobilization timeline
The Solution
Liquidity Services helps the company achieve its objectives through a proven process:
- Identify, catalog, and relocate all assets on site, from vehicles and trucks to surveying and power-generation equipment
- Conduct frequent global sales through our GoIndustry DoveBid e-commerce marketplace
- Ensure assets are sold only to vetted buyers and in compliance with trade regulations
- Make sure items with environmental, health, and safety sensitivities are identified prior to sale
- Measure program effectiveness by tracking and reporting all sales activity
The Results
“By efficiently cataloging, selling, and removing assets from our completed projects, Liquidity Services maximizes recovery while offloading a key business process and ensuring we meet demobilization deadlines.”
– Project Manager, Client