Assets Bidding User Onboarding

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  • (1) All bid winners will pay 7.5% VAT on the winning bid amount in line with statutory requirements.
  • (2) You may bid for an asset ONLY if you have capacity to pay on demand. ALL WINNERS WHO FAIL TO PAY WITHIN THE STIPULATED TIME WILL BE DEBITED 10% OF BID WINNING PRICE. SAME APPLIES TO ANY WINNER THAT DECLINES.
  • (3) You may bid for more than one asset at any location. However, do not place more than one bid for the same asset as this will disqualify such a bid.
  • (4) Please ensure to input the correct information on any asset you bid for, exactly as it appears on the asset sheets. Any bid with a wrong information is invalid.
  • (5) Please do not use another person’s details to place a bid. Such a bid will be nullified.
  • (6) Please do not place bids on behalf of another staff. This is to ensure that those who win will pay on demand. Such an action will also disqualify the bid.
  • (7) Bid amounts below the reserved bid-price are void.
  • (8) Winners will be debited instantly as the system is automated, ensure your staff account is duly funded before bid deadline day.
  • (9) Please ensure to view assets before placing bids. If possible, please call the Business Offices to confirm the condition of the asset. Better still, carry out a physical inspection of the asset before placing your bid.
  • (10) The bid exercise is for one week from the date of this mail.
  • (11) Any item won MUST be evacuated from our premises within five working days. In other words, if a staff wins an asset and fails to evacuate same after five days, such staff will forfeit the asset.
  • (12) All enquiries on this exercise should be sent to inventorymanagementteam@ubagroup.com with copy to finbarr.onuegbu@ubagroup.com
  • (13) Finally, BM/BOMs should ensure all assets listed for disposal are intact before, during and after the biding exercise as they will be held fully responsible for any vandalized asset if a winner raises any complaint.

I Accept Terms
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