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ENDED Auction #DAU-1735 Lot 5 5 Bidding Now

Excavator Online Auction

1999 Komatsu PC120-6ZE Hydraulic Excavator

Important Information

Terms & Conditions

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BIDDERS FORM AGREEMENT
Excavator Online Auction
Sep 07, 2023 to Sep. 26, 2023
 
1.     You must be a registered bidder to participate in this auction. The registered bidder hereby agrees to comply with all terms specified in this notice.
 
2.     Participating bidders shall be required to post a Cash Bond of TWENTY FIVE THOUSAND PESOS (Php25,000.00).


3.     The Auctioneer may refuse and disqualify a person or entity from participating the auction if the record will show that applicant registrant has failed to comply with the policies and procedures and standards during the previous auctions.
 
4.     Use of internet, website or other means of electronic commerce – The AUCTIONEER may offer certain lots to internet bidders using its internet bidding platform at HMRbid.com or any other internet related bidding platform the AUCTIONEER may employ (the “service”); however, AUCTIONEER shall not be liable for any losses or damages arising out of or resulting from:

a. The failure of any information or data to be transmitted or received in a timely manner, or
b. The interruption of any data transmission; or
c. The use of or inability to use the HMRbid.com service 
 
5.     The highest bidder shall be the Purchaser upon the declaration of the auctioneer. If the price is lower than the reserve price, the auctioneer will get the highest bid and declare the items as “FOR APPROVAL”. HMR Auction Services, Inc. will notify the highest bidder within two (3) days if said items will be awarded. The highest bidder is not allowed to refuse or withdraw their bid once awarded.
 
6.     The AUCTIONEER cannot and does not guarantee that bids placed via online bidding services will be transmitted to or received by the AUCTIONEER in a timely manner, further, the AUCTIONEER has the sole discretion to accept or refuse any bid.
 
7.     The particulars, descriptions, measurements, quantities and photos in the catalogue are for the purpose of identification of the lot and are NOT WARRANTIES in any way as to the correctness thereof. All registered bidders should inspect the lots prior to bidding and satisfy themselves with the status and condition of each lot.
 
8.     All Items declared “WORKING” and “GOOD” will be sold on an “AS IS, WHERE IS, NO WARRANTY, NO GUARANTEE” basis and are sold with all faults if any. The AUCTIONEER accepts no responsibility for any lot or lots sold at the end of online bidding. The winning bidder is not allowed to WITHDRAW, RETURN, CANCEL and REFUND any lot(s) after being declared as the purchaser.
 
9.     The AUCTIONEER has the right to withdraw any lot(s) from the sale without stating a reason thereof.


10.  There is 7% Buyer's Premium applicable to all lots in this sale.
 
11.  Payments are strictly in the form of cash, manager’s check or direct deposit to the Auctioneer’s account:
Bank: Banco De Oro
 
Acct. Name: HMR AUCTION SERVICES, INC. II
 
Acct. No. 48-50-19-91-38
 
12.  All won lots shall be paid on or before  Sep. 29, 2023 otherwise, BID DEPOSIT will be forfeited. There shall be no partial payment for won lots.
 
13.  All paid lots must be pulled out until  Sep. 30, 2023 (except sunday).  Collection of lot(s) will not be allowed without the presentation of a fully paid receipt to an authorized HMR Auction staff that will assist in the pull out of the won lots/items.
 
14.  Paid lots not pulled out on the 10th day after the initial five (5) days lead time shall be forfeited along with any monies paid toward the lot or lots in question unless prior arrangement have been made with the auctioneer. Forfeited items/lots are subject for re-auctioning.
 
 
15.  Storage fee: After the allocated payment and pull-out dates, storage fees shall be applied as follows:
Heavy Equipment and Truck - Php 750.00 per lot per day


16.  Delivery – Bidder must make an arrangement with HMR for delivery of won lot/s within two (2) days after the auction. Delivery charges shall apply.
 
PULL OUT GUIDELINES:
A.     Bidders shall provide to HMR all necessary details needed for the pullout. Complete name of Bidders and/or Representative and Authorization Letter.
B.    No lots shall be allowed to pull out without the presentation of HMR receipt, Authorization letter and Valid ID to an authorized staff that will assist in the pull out of the won lots.
C.     Bidders are required to bring their own manpower and equipment for proper handling.
D.    Logistic or transfer of items will be handled and for the account of the winning bidder.
E.     Wearing of slippers, sleeveless and short pants are strictly prohibited.
F.     Necessary Personal Protective Equipment (PPE)/Safety Gadgets shall be provided by the Winning Bidders and shall be checked and approved by HMR authorized staff.
G.    Proper housekeeping must be observed at all times. All the unwanted materials at the work site must be hauled out by the bidder right after work. In the event winning bidder does not practice proper housekeeping, the cost of the clean-up will be deducted from the security bond.
H.    Any damage done to other units, equipment, properties or structure in the vicinity caused by the removal of won vehicle shall be charged to the bidder. The cost of damage shall be computed by HMR Safety & Security Officer.
I.      Winning bidder agrees to defend, indemnify and hold Owner and Auctioneer harmless from all and against any and all claims, personal injuries, liabilities, demands, suit, damages fine, penalties and any associated cost and expenses, including but not limited to consequential damages and attorney’s fees which may asserted against or incurred by the Owner as a result of winning bidders handling, labeling, transportation, storage, use sale or disposal of the awarded lot.
J.      THE WINNING BIDDER AND/OR ITS REPRESENTATIVE MUST COMPLY WITH THE DIRECTIONS ISSUED BY HMR STAFF.
 
      
17.  USE AND DISCLOSURE OF PERSONAL/CORPORATE INFORMATION 
By clicking this Agreement, you unconditionally consent to making your personal/corporate information collected in the performance of the services herein, available to the Auctioneer, its employees, affiliates or third parties. Auctioneer shall use and keep the personal/corporate information in strict confidence and in accordance with the Data Privacy Act of 2012. This consent shall be remain effective unless withdrawn in writing

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