Online auction plan gains momentum
- By Colleen O'Hara
- Mar 20, 2000
FinanceNet, an electronic clearinghouse that provides information on government
property for sale, is one step closer to building an online entry point
and auction site for government property.
FinanceNet is working with industry consortium CommerceNet to create
a governmentwide data warehouse that will index surplus assets that agencies
are offering for sale. That index will feed into an online auction site
that will allow users to purchase products online.
Assets include everything from computers to houses. That surplus is
collected from sources such as drug bust property seizures, assets from
housing foreclosures and overstocked government inventories.
The index will provide an easy way for people to go online and search
for a specific product without spending a lot of time looking at each agency's
World Wide Web site, said Preston Rich, executive director of FinanceNet.
In fact, the government does not even have a clear picture of what surplus
property it has for sale, he said.
FinanceNet is working with the Office of Management and Budget to determine
what the next steps will be, Rich said. The group has already completed
a white paper, and will ask Booze-Allen & Hamilton to develop a business
plan. FinanceNet will soon kick off a proof-of-concept project with vendors
and agencies to test the online auction.