Do auction items have minimum bids or reserve prices?
Normally, no. An exception would be for items purchased on a “Life Cycle Cost” solicitation. In such instances, ADOT bought equipment from a vendor with the agreement that the vendor would repurchase the equipment from ADOT for a predetermined price when the term of the contract expired. These items are normally heavy construction equipment such as Wheeled Loaders, Motor Graders, etc.
