Auction Company Outreach
Identify prospective auction companies and circulate the opportunity to suitable providers under the Insolvency Professional’s instructions. Track interest and participation.
Auction Company & RFP Support
Organized proposals. Controlled inspections. Informed decisions.
Northmark helps Insolvency Professionals organize the selection of an auction company and manage its access to assets earmarked for liquidation.
We provide practical site attendance, proposal coordination, and clear documentation—from inviting submissions to supporting evaluation and coordinating the selected company’s work.
01 / Procurement
Prepare & invite
RFP Preparation
Assist with drafting the scope of work, asset information, site conditions, submission requirements, timelines, and evaluation criteria.
RFP Administration
Manage distribution, deadlines, questions, clarifications, and addenda. Maintain a record of communications and proposals received.
02 / Site attendance
Control site inspections
Site Inspection Scheduling
Coordinate viewing appointments and communicate access instructions, safety requirements, and inspection conditions.
Physical Attendance & Access
Attend the site to admit authorized representatives, unlock access points, supervise viewing, and secure the premises afterward.
Attendee Registration
Record each attendee’s name, contact information, company represented, arrival and departure times, and purpose of the visit.
Safety Protocol Monitoring
Communicate site-specific safety rules, check required protective equipment, identify restricted areas, and document observed non-compliance. Escalate concerns under the agreed site procedures.
Controlled Asset Viewing
Guide representatives to designated assets and monitor compliance with instructions concerning photography, equipment operation, testing, and handling.
Consistent Information Sharing
Provide approved asset lists and supporting information. Record questions and distribute material clarifications consistently to participating auction companies.
03 / Evaluation
Compare & support the decision
Proposal Comparison
Prepare comparisons of commissions, fees, expenses, marketing plans, sale formats, timelines, payment terms, and asset-removal arrangements.
Estimated Net Recovery Analysis
Compare projected proceeds after disclosed costs. Clearly identify assumptions, exclusions, guarantees, and estimates.
Evaluation Support
Assess submissions against agreed criteria, flag missing information, and prepare a decision summary. The Insolvency Professional retains final selection and approval authority.
04 / Delivery
Coordinate through handover
Appointment & Handover Coordination
Coordinate the selected auction company’s access, inventory review, photography, cataloguing, and operational requirements.
Performance Reporting
Track agreed milestones, relay issues, and document progress during auction preparation, sale, and removal.
Post-Sale Site Coordination
Facilitate authorized purchaser and transportation access, document asset releases, and report remaining assets or site issues.
A documented process
Consistent information. Clear comparisons.
- Reduce the Insolvency Professional’s administrative workload.
- Maintain a documented record of site attendance and activity.
- Give participating auction companies consistent information.
- Make proposal costs and anticipated recoveries easier to compare.
- Manage access and asset handling during inspections.
- Maintain continuity from RFP preparation through asset handover.
Let’s define the scope
From proposals to asset handover.
From inviting proposals to supervising site inspections, Northmark provides the coordination and documentation Insolvency Professionals need to engage auction companies with confidence.