Initial Contact

Network and your company sign the Standard Services Contract

Your Company initiates the sales process by sending an initial inventory list to Network

Verification of Inventory List & Digital Photography

Your company can verify inventory and provide digital pictures or hire Network’s Field Services, who can provide these services for a fee as detailed in the Contract

Network evaluates the inventory list and both parties agree on the parameters for the sale

Both parties then execute the Schedule A document

Yard & Release Procedures

Network, your company and the appropriate yard contacts (either company owned or third-party) agree on all documentation and procedures around inspection, release and load-out of equipment “Lot” Designation & Website

Upload

Network groups the equipment inventory into Buyer Friendly Lots that maximize the Value received without sacrificing Convenience, and these "Lots" are uploaded to www.Networkintl.com        

Inside Sales & Marketing

Comprehensive marketing effort which includes: regional and industry specific advertising, web marketing, direct marketing and a dedicated Inside Sales & Marketing team that proactively contacts potential Buyers and answer questions about the equipment for sale

Sale Execution

Network's Online Auction technology was developed specifically for this industry and includes features such as the Overtime Period, Proxy Bidding, etc. Inside Sales & Marketing along with the Operations and Technology groups provide Customer Support throughout every sale event

Documentation & Collection of Funds

Network handles all required paperwork including bills of sale with proper HSE requirements, tax documents and certifications along with collecting funds from the buyers in each sale

Equipment Release

Equipment is released to the Buyer according to the procedures that were previously laid out only after all documents have been properly executed and funds collected

Reporting & Audit

Auditable sale reports are available online after every sale

Disbursement of Funds

After collecting funds from all buyers, Network withholds its commission per the terms of the Contract and disburses the remaining proceeds to your company