Normally we make an offer to purchase the construction equipment outright and our offer is either accepted or countered. An assurance is usually given when goods are going to auction or on a consignment deal.
A liquidation pallet is a term to describe a pallet of merchandise. This can be a pallet of retail merchandise, tool pallet, sports goods pallet and so on. Some liquidation companies specialize in selling merchandise by the pallet load.
Liquidators work one of two ways. One being, liquidating the inventory and assets from the sellers premises via auction / private sale or buying the assets outright and removing them from the premises to sell on their own accord.