The value of waste and redundant equipment is subjective as the real value is determined by a number of variable costs and perceptions and fashions. The end of life is both of financial write down and/or end of usefulness or fit for purpose.
IT and Telecomms equipment and Commercial WEEE
Legacy value:- as equipment evolution and development is quite fast and erratic, depreciation of an item's value can be large in a short period of time. Other factors must be taken into account as follows:-
The nature of IT technology with it's speed of evolution gives rise to accelerated depreciation for many items of electronic equipment. Value is lost for a number of reasons:-
- manufacturer no longer supports the technology of the items
- memory has been removed.
- chip sets have been removed.
- manufacturer licences are missing or are not transferable.
- software and firmware not upgradable
- cost of rectifying faults excessive.
- cost of refurbishment
- cost of stocking and selling.
- market availability
- distressed external appearance
- limited market for High end items.
- Items are Legacy models; are no longer in production.
There is no set market floor for any item especially High End or Tier 1 equipment which is a small percentage of the market and is seen as requiring a long period to sell and must be stored as inventory The other market sectors are seen to be affected significantly by economic trends and available quantities. Tier 2 manufacturers with prominent market placement will secure a good market over a shorter time frame.
The second user Office Furniture market is fully reliant on the economy especially the status of the financial and legal sectors. Further factors restraining item value are:-·Manufacturers reputation,·Quality of manufacture,·Physical condition, Age and style
For 2016 furniture resale values will remain depressed.there being a small margin following removal, restoration and selling costs. Only respected named items in very good condition had resale value prices. During 2015 original equipment manufacturers continued to discount heavily to maintain market share ensuring second user equipment prices remained depressed.
Upon transfer and receipt of the waste WEEE Serve will assess each item on the consignment inventory to establish any resale value and to maximise any value
- WEEE Serve will finance the refurbishing, including parts, inventory cost, marketing, selling, packaging and returns costs.
- WEEE Serve will take responsibility for the Distant Selling regulations.
- WEEE Serve will hold items in stock for 6 months. If not sold items will be disposed of to charity or by recycling in accordance with current legislation and the Waste Disposal Hierarchy
- WEEE Serve will notify clients of estimated potential payback.