BIDDERS FORM AGREEMENT
HMR Dau Motorbike Auction
You must be a registered bidder to participate in this auction. A “bid number” can be obtained at the registration desk upon payment of a refundable cash bid deposit of Five Thousand Pesos (P5,000.00). Bidders must be registered at all times to get a bid. Bidders without a bid card will not be entertained by the Auctioneer.
The Bid Deposit shall automatically be put on hold as security bond in the event the bidder wins at the auction. The Bid Deposit shall answer for any damage or injury caused by the participating bidder to the person or property of the Seller, AUCTIONEER or other bidder or their agents, employees or representative during the course of his participation at the auction or pull out of the vehicle he won at the auction or for failure to comply with the bidding rules. For non-winning bidders, the Bid Deposit shall be refunded on the same day of the auction if paid via cash or within 5 days if paid via bank deposit or check and upon determination by the Auctioneer that the bidder does not have any outstanding due to Auctioneer. The Bid Deposit shall not operate to limit the liability of the bidder nor relieve the bidder from any of his duty for its breach of the bidding rules and conditions.
Bidder must present a valid ID at the auction venue for purposes of identification. Any of the following must be presented:
Driver’s license; SSS ID; GSIS ID; Company ID; Valid Passport; or any government issued I.D.
Absentee Bid - A procedure that allows a bidder to participate in the auction process without being physically present. Generally, a bidder submits a written offer for an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the Auctioneer or auction company.
The Auctioneer shall regulate the conduct of the auction. In all cases, the AUCTIONEER has the sole discretion to accept or reject a bid. ALL BIDS ARE FINAL AND NON-RETRACTABLE.
a. On-site- Bidders must raise their hand should they agree with the amount stated by the AUCTIONEER. Alternatively, a bidder may shout a counter bid higher or lower than the current bid while raising up his hand. Only bid recognized by the AUCTIONEER shall be valid.
b. Online- Bidders may access HMR’s bidding platform at HMRbid.com or live.hmrbid.com or HMR Auctions App to join a live stream of the auction in real time. Bidder agrees that AUCTIONEER shall not be liable for any loss or damage arising out of or resulting from: failure of any information or data to be transmitted or received in a timely manner, interruption of any data transmission or use of or inability to use the HMRbid.com service. Furthermore, AUCTIONEER does not guarantee that bids placed via online will be transmitted or received by the AUCTIONEER in a timely manner.
The highest bidder shall be the Purchaser upon the declaration of the auctioneer. If the price is lower than the reserve price, the auctioneer will get the highest bid and declare the items as “For Approval”. HMR Auction Services, Inc. will notify the highest bidder within two (2) days if said items will be awarded. The highest bidder is not allowed to refuse or withdraw their bid once awarded.
The Auctioneer’s decision is final. He has the right to refuse any bid or withdraw any lot(s) from the sale without stating a reason thereof.
The particulars, descriptions, measurements and quantities in the catalogue are for the purpose of identification of the lot and are NOT WARRANTIES in any way as to the correctness thereof.
The auctioneer does not guarantee the information on the sticker of the items specifications and will not arbitrate base only on information.
All lots are sold on an “AS IS WHERE IS” basis and are sold with all faults if any. HMR Auction Services, Inc. accepts no responsibility for any lot or lots sold upon the fall of the hammer. The winning bidder is not allowed to withdraw or cancel any lot(s) after being declared as the purchaser.
There is non-negotiable 15% Buyers Premium applicable to all lots in this sale.
Payments are strictly in the form of cash, manager’s check or direct deposit to the Auctioneer’s account:
Bank: Banco De Oro
Acct. Name: HMR AUCTION SERVICES, INC. II
Acct. No. 48-50-19-91-38
All won lots shall be paid on or before May 12, 2021 otherwise, BID DEPOSIT will be forfeited. There shall be no partial payment for won lots.
All paid lots must be pulled out until May 14, 2021. Collection of lot(s) will not be allowed without the presentation of a fully paid receipt to an authorized HMR Auction staff that will assist in the pull out of the won lots/items.
Paid lots not pulled out on the 10th day after the initial five (5) days lead time shall be forfeited along with any monies paid toward the lot or lots in question unless prior arrangement have been made with the auctioneer. Forfeited items/lots are subject for reauctioning.
The Auctioneer may disqualify any bidder for the following reasons:
Bidder disturbs the auction proceedings or creates a commotion during the auction.
Bidder was found to have misrepresented himself.
Bidder was caught conniving with another bidder.
Bidders with outstanding balance.
- Unless otherwise requested by Buyer, Seller will process the LTO registration of the motorbike. The registration fee of P1,800.00 shall be charged to the Buyer. The Seller, through the Auctioneer shall release the following:
A. Certificate of Award
B. Within 14-21 working days - original copy of Official Receipt and Certificate of Registration
- Upon full payment and submission of the required document, the winning bidder may pull-out his won unit and the Seller, through the AUCTIONEER shall release the following:
A. Certificate of Award
B. Within 7-14 working days - Sales Invoice
C. Within 7-14 working days - Certificate of Stock Report (CSR)
D. Within 7-14 working days - PNP Clearance
USE AND DISCLOSURE OF PERSONAL/CORPORATE INFORMATION
You unconditionally consent to making your personal/corporate information collected in the performance of the services herein, available to the Auctioneer, its employees, affiliates or third parties. Auctioneer shall use and keep the personal/corporate information in strict confidence and in accordance with the Data Privacy Act of 2012. This consent shall be remain effective unless withdrawn in writing.