Who should be involved in negotiations when an acceptable bid is not received for surplus property?

In negotiations for surplus property, involving all interested parties, including all previous bidders, is crucial when an acceptable bid is not received. This approach fosters transparency and ensures that potential buyers are aware of the options available to them.

Engaging with all previous bidders allows the organization to explore various perspectives and possible adjustments to bids that could make the sale more appealing. It may also encourage competitive offers, as bidders might revise their initial proposals based on new information or insights shared during negotiations.

Involving just a select group—like only the highest bidder or only those who submitted bids—could limit the opportunity for a more favorable outcome and miss out on potentially viable offers from other interested parties. By allowing all previous bidders to participate, the process is more inclusive and collaborative, which is likely to result in a better resolution for the sale of surplus property.