3 Questions To Ask Before Selling Your Construction Company’s Leftover Copper Wire

Are you trying to sell your extra copper wire to a high bidding buyer? Here are a few questions to ask when deciding which copper wire buyers to actually work with:

How Much Wire Can Be Accepted?

It's a good idea to find out just how much wire will be accepted before taking your load in to be analyzed and purchased. You may have hundreds of yards worth of wire to sell when your closest outlet is only willing to buy a small percentage of what you have. Finding out how much copper wire any company you're considering working with can accept will help you properly package and distribute your wire throughout the community.

And you'll ensure that you are able to make the highest profit when selling your wire. One company might only be willing to buy half of the wire you have at top dollar. You can take advantage of those profits and then sell the rest of your wire to a lower-paying buyer.

How is the Wire Valued?

You should also find out how your copper wire will be valued by any company you consider doing business with. Will they base their offer strictly on weight, or will they consider the condition of the wire as well to determine it's value? Is the copper wire worth more when supplied as a whole unit, or can small leftover pieces of the wire be sold for the same amount?

Is the color and width considered when valuing the wire? Will melted down scraps be accepted and paid for? The answer to these questions will give you the insight you need to determine which copper wire buyers you should work with both now and in the future.

Is a Cooperative Contract Offered?

If you think you'll have lots of extra copper wire to sell in the coming months and/or years, consider entering into a cooperative contract with your buyer if possible. If your buyer is willing to purchase copper wire on a regular basis, you may be able to come to an agreement where you sell all of your extra wire to them in exchange for the buyer guaranteeing to purchase that wire. Try to get your buyer to commit to purchasing a certain amount of wire from your throughout the year so you know how much is already taken care of when trying to get rid of your excess wire at the end of a work quarter.