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JM Bidworks LLC – Auction Terms & Conditions

Buyer’s Premium

• A 18% Buyer’s Premium applies to all purchases.
• Each lot will also include a $1 handling surcharge to offset processing and handling costs.

Payment Policy

• Invoices must be paid in full within 3 business days of auction close.
  • Failure to pay will result in forfeiture of items and account suspension, regardless of pickup/delivery arrangements.
• Non-cash payments (credit/debit) incur a 4% processing fee.
  • This fee will be removed if payment is made by cash, cashier’s check, wire transfer (+$20), Venmo, Zelle, or Cash App.
• Invoices under $2,000 may be automatically charged to the card on file unless JM Bidworks is notified before auction close of alternate payment.
• Invoices over $2,000 cannot be paid by card. They must be paid with cash, cashier’s check, Venmo, Zelle, Cash App, or wire transfer (+$20 fee).
• Declined cards will result in an additional 4% fee charged by the processor. Buyers are responsible for ensuring valid payment details are on file.

Tax Policy

• Sales tax (8.25%) applies unless a valid exemption form is submitted before the auction ends.
• Tax forms will not be accepted at load-out.
• If tax is refunded after payment due to late form submission, a 3.99% processing fee applies, and the original card fee is non-refundable.

Pickup & Removal

• All items must be removed during scheduled pickup times.
  • If pickup is not scheduled, items may be forfeited even if paid.
• Alternate pickup times must be arranged before the last scheduled removal day. Fees apply:
  • $50 for same-day outside posted hours
  • $150 for weekday alternate pickups
  • $250 for weekend alternate pickups
• Items left beyond 20 days after a missed alternate pickup will be forfeited and resold in the next auction. No refunds.
• Buyers must bring proper vehicles and equipment for removal. JM Bidworks may assist with forklifts/load-out as a courtesy, but we are not responsible for damage to property, vehicles, or persons.

Bidding & Auction Process

• This is an online-only auction. By bidding, you agree to all terms and are legally bound to complete your purchase.
• Soft/Dynamic Closing: If a bid is placed within the last 5 minutes, bidding will extend until no new bids are placed for 5 consecutive minutes.
• To avoid internet or timing issues, we recommend placing maximum bids. JM Bidworks is not responsible for missed bids due to connectivity, lag, or failure to refresh.

Inspection

• Items are sold AS-IS, WHERE-IS with no warranty or guarantee.
• Scheduled inspection times are offered prior to auction close. Buyers are strongly encouraged to inspect in person.
• Failure to inspect forfeits any claims regarding condition or completeness.

Refund Policy

• All sales are final.
• Refunds are considered only if an item is materially different than described and the issue could not have been discovered during the designated inspection period.
• Refunds are processed as quickly as possible but may take 4–12 business days to return to your account.

Liability

• Once items are paid for and removed, they become the responsibility of the buyer.
• JM Bidworks’ liability is limited solely to refunding the final bid price in approved refund situations.