Honeywell puts large parcel up for bid

Millions in Olympic-used surveillance equipment to be auctioned off
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Thursday, March 11, 2010

VANCOUVER—Now that the Paralympic games are wrapping up, Honeywell Building Solutions is beginning the final stage of its $30 million security contract with the Royal Canadian Mounted Police here: the removal of all the equipment that’s been installed to protect the 18 Olympic venues. But what to do with the roughly 1,300 Panasonic IP cameras, Computar lenses, 4,000 Xtralis PIRs, etc.?

Well, Honeywell’s going to sell them off, of course, using auctioneers GoIndustry DoveBid, the largest item disposition house in the world, the result of a merger between Dove Bid and Go Industry. According to vice president Chris Register, the Honeywell sell-off will actually be a “private treaty” rather than a traditional auction, which means end users and integrators can negotiate prices on pieces of the lot and the entire lot needn’t be purchased by a single individual.

“It’s like a liquidation,” said Register. “We’ll be calling our clients and we’re doing a global marketing campaign and companies that are interested in the equipment can come and gauge what they want ... We want to deal with a lot of end users and maybe dealers who have clients that they know are at a certain price point that we need to get to ... They can get a nice discount on buying it new.”

While he’s still unsure whether the warranty remains on the products, Register said everything has been repacked in bubble wrap in the original packaging and the equipment is all “like new.”

While he wouldn’t put an estimated value on the entire package, he said Honeywell probably paid roughly $8 to $10 million for the equipment as a whole. “I’d like to get as much as possible for my client,” he said. “It’s all about who’s interested and what they’re willing to pay. If we see a ton of interest we may want to put this into a competitive bid situation, maybe 200 units at a time or something.”

There is no end date for the sale because Register said he didn’t want everyone to wait until the last minute. “It’s first come, first served,” he said.

Interested parties can visit http://www.go-dove.com/event-14127/Honeywell_-_Security_Cameras.