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January 1, 1998

1 Min Read
Is the Bid "Too Good to be True?"

WORLD WASTES STAFF

The highest price for materials may not always be the best bid. Generators can evaluate the companies based on their:

* previous experience;

* length of time in business;

* financial condition;

* understanding of and response to the bid; and

* transportation costs.

If a bidder provides a price that is way out of line with other bids, the bid price may be the result of an error or misunderstanding, may be due to inexperience or may be a speculative market. A bid that is "too good to be true" may result in the processor backing out of the bid at a later date, leaving the generator the responsibility of finding a new processor.

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