PROCUREMENTS AT AUCTION
Clemson University may participate in an auction if there is a need for the items being sold. Prior to the auction the following steps must be taken: (a) survey the needed items being offered to ascertain their condition and usefulness, (b) determine a fair market value for new like items through informal quotes, (c) determine the fair market value from similar items considering age and useful life, and (d) estimate repair cost and delivery cost, if any, of the desired items. Clemson University shall then determine the maximum price it can pay for each item desired. This determined maximum price cannot be exceeded.