Washington, D.C.-based Liquidity Services Inc. has announced that the Defense Logistics Agency (DLA) of the U.S. Department of Defense (DoD) has exercised the second of three 12-month extension options under its scrap property sales contract after determining the contract extension to be in the best interest of the U.S. Government. With this renewal, Liquidity Services’ contract will run through June 9, 2014. During this extended period, the DoD will continue to use Liquidity Services as the exclusive channel for the disposition of scrap property that the agency has approved for sale to the public. Under the contract, Liquidity Services manages the receipt, storage, marketing and disposition of virtually all scrap property generated by DoD installations throughout the United States, including base materials and scrap metals, such as ferrous and nonferrous metals, nickel alloy, electronic scrap, rubber, paper and, in rare occasions, compost and recycled asphalt.
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