U.S. Defense Department exercises the second of three 12-month extension options.
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.
Bill Angrick, chairman and CEO of Liquidity Services, says, “Liquidity Services maintains its commitment to supporting our government partner’s zero-waste goals and through the scrap contract extension we will continue to identify, process and prepare for sale 20 to 30 million pounds of scrap materials received each month. To date, over 2 billion pounds of DoD scrap materials have been sold on our www.govliquidation.com marketplace, contributing to one of the largest and most successful sustainability initiatives in U.S. history.” He adds, “As a recognized cost saver and solution provider to the DoD, our top priority on every scrap sale continues to be maximizing efficiency and recovery value while adhering to safety, environmental and security compliance.”