Reed Construction Data

IronPlanet Auctions

IronPlanet™ is an online auction company for buying and selling used heavy equipment and trucks. The company provides detailed inspection reports on hundreds of items and guarantees equipment condition with the IronClad Assurance – IronPlanet’s promise that inspection reports are true representations of equipment condition. By eliminating transportation and make-ready costs and drawing a global audience every two weeks, the firm delivers lower channel costs and better price realizations to sellers.

The company also facilitates the sale and purchase of each item on its website to provide a secure transaction. Once a buyer wins an item, the buyer is required to pay IronPlanet directly who then notifies the seller to release the equipment. When the equipment is received by the buyer and its condition verified, IronPlanet releases payment to the seller and moderates any disputes to ensure a fair solution is reached.