Having trouble making enough money on your no-bid contract with the City and County of Denver? No problem, city council may let you renegotiate it to your advantage in mid-stream.
At least that’s what Waste Management was able to do last year when prices declined in the recycling market.
In 2005 Waste Management inked a 10-year contract with Denver, agreeing to pay the city $33 per ton for 95 percent of the recyclable material delivered by the city.
If the value of the materials reached a certain level, the city was also entitled to share the surplus 50-50 with the company.
The program went so well that in 2011, four years before the end of the contract, the company asked to renew it for five more years, through 2020 — an option permitted under the original contract.