Auction Information

General Welding Works Inc


Date/Time: Wednesday 7/22/2015
Location: 13609 Industrial Road (Gate 5/Building 38-W) Houston, TX 
Auction Type: Public Auction
Auction Categories: Industrial & Manufacturing

Auction Contact Information

Contact Name:  
Company:  Plant & Machinery, Inc.
Address:  P.O. Box 19100  Houston TX, 77224-9100
Phone:  713-691-4401
Fax:  713-672-7905

Auction Description

COMPLETE PRESSURE VESSEL MANUFACTURING FACILITY Featuring: Plate Bending Rolls, Large Capacity Welding Manipulators & Positioners, Tank Turning Rolls, Large Capacity Plasma/Oxy Plate Cutting System, Welding Power Sources, Machine Tools, Plant Support Equipment, Large Capacity/Wide Span Overhead Bridge Cranes up to 175 T. Cap., Forklifts up to 30,000 lb. cap., More!

Inspection

Inspection will be Monday, July 20 and Tuesday, July 21 from 9:00 a.m. to 4:00 p.m.

Directions

FROM GEORGE BUSH INTERCONTINENTAL AIRPORT: Exit airport using John F. Kennedy Blvd. Merge onto Beltway 8/TX-8 E. on the left towards US 59. Exit onto US 59 south towards downtown. Exit onto Loop 610-East traveling clockwise around the city to the east side where it intersects I-10. Exit onto I-10 East towards Beaumont. Take the exit for Federal Road a short distance ahead, and turn right (south) onto Federal. Proceed to Industrial Road and turn left (east). Greens Port Industrial Park will be on your right. Proceed to Gate #5 ahead on your right and go to guard shack. Present your ID and tell them you are going to the auction at General Welding Works. Drive into the complex and follow the signs to General Welding Works. Watch for auction signs.

Terms & Conditions

A 15% Buyers Premium will apply on-site.

An 18% Buyers Premium will apply via webcast.

A 100% refundable $3000 (US Bidders) or $10,000 (Foreign Bidders) deposit may be required for all webcast bidding.


Everything will be sold to the highest bidder or bidders for cash in accordance with the auctioneers Customary Terms of Sale, copies of which will be posted on the premises.

ALL PAYMENTS MUST BE MADE BY CASH, CASHIERS CHECK, WIRE TRANSFER OR COMPANY CHECK WITH BANK LETTER GUARANTEEING PAYMENT TO PLANT & MACHINERY, INC.

Here is an example of what your letter should be: Mr. "Customer Name" is a customer of this bank. This bank will guarantee unqualified payment to PMI on the account listed herein up to the amount of $________. This letter is good until _________.

In default of payment of bills in full within the time therein specified, the Auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. All items must be removed by the time announced at the start of the sale.

Lots not paid for and/or removed within the time allowed may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charge of resale, will be charged to the defaulting purchaser.

The buyer acknowledges that he or an agent has inspected all of the assets upon which he will be bidding and/or does purchase.

Buyer agrees to accept assets purchased "AS IS,""WITH ALL FAULTS" and "WITH REMOVAL AT BUYERS RISK AND EXPENSE."

THE AUCTIONEER EXPRESSLY DISCLAIMS ON THE PART OF THE AUCTIONEER AS AGENT AND THE SELLER, ANY WARRANTY AS TO FITNESS OR USABILITY OF ALL THE ASSETS, AND THE BUYER EXPRESSLY WAIVES ANY CLAIM IN RESPECT TO ANY POSSIBLE FUTURE USE OF ANY ASSET PURCHASED FOR ANY PURPOSE WHATSOEVER.


The buyer does hereby assume and does agree to indemnify and hold the auctioneer harmless from any future claim which shall pertain to the fitness or use of that asset as being purchased. Riggers, movers, electricians and buyers performing work at the Auction Site must provide PMI with evidence of insurance. The insurance coverage must be at a level acceptable to PMI and to the seller. PMI reserves the right to withdraw items, alter the order of the sale, accept bids from the seller, and group lots as it may deem appropriate.

Although all information has been obtained from sources deemed reliable, the auctioneer and seller make no warranty or guarantee, expressed or implied, as to the accuracy of the information herein contained, or contained in our catalog. It is for this reason that buyers should avail themselves of the opportunity to make inspection prior to the auction. Although it is not likely, auction sales are subject to cancellation or postponement. Kindly contact auctioneer prior to attendance.

These terms and conditions may be modified or supplemented by language in the catalog available at the sale site or by announcement at the start of the sale. Bidders should be attentive to those announcements and to the catalog language.