Exhibit H. Residual Value and Disposition of Existing Boilers.pdf
PDF 82 KB Posted
- Attached to
- Boiler Phase 3 State and local contract opportunity
- Solicitation number
- RFQ ABS 260000000382 2
- Issued by
- Wayne County, Michigan
About this file
This is an Exhibit document outlining residual value and disposition requirements for existing boiler equipment in the Boiler Phase 3 project for Anchor Bay School District in Michigan. The District has identified existing boilers and associated mechanical components scheduled for replacement that may retain salvage, resale, reuse, or trade-in value. Subcontractors must clearly identify equipment with remaining useful life, describe their proposed valuation methodology, and detail their plan for removal and disposition. The document requires transparent asset valuation using established methods such as third-party appraisals, dealer trade-in quotes, or industry standard depreciation schedules, with all assumptions subject to District review and approval.
Any realized value from existing equipment must be credited directly to the District either as a line-item deduction to project costs or as a documented trade-in allowance in proposal pricing. Upon District approval, the selected Subcontractor assumes complete ownership and responsibility for the condition of all equipment, with no further obligations to Centrix or the District. The Subcontractor must provide comprehensive documentation including equipment descriptions, serial numbers, final disposition methods, and credits applied, formatted for audit and fixed-asset record updates. All equipment management and disposal activities must comply with District Board of Education policies, Michigan public school business practices, and applicable local, state, and environmental regulations. Failure to properly account for residual value equipment may result in proposal rejection.
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Other files for this state and local contract opportunity
| File | Type | Posted |
|---|---|---|
| Anchor Bay School District - Boilers & HW Pumps RFP Phase 3_July 6 2026.pdf | ||
| Exhibit A. Subcontractor Master Agreement.pdf | ||
| Exhibit I. Boiler Sampling Notice - ABSD.pdf | ||
| Lottie Schmidt Elementary - CD Set - MEP.pdf | ||
| Aquatic Center - CD Set - MEP.pdf | ||
| Lighthouse Elementary - CD Set - MEP.pdf | ||
| Addendum 1 - ABSD - Boilers & HW Pumps RFP Phase 3.pdf | ||
| Transportation & Grounds - CD Set - MEP.pdf | ||
| ABSD Boiler & HWP Phase 3 RFP Bid Notice 070626.pdf | ||
| Anchor Bay Phase 3 - Addendum #1 - Electrical.pdf |
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Text version
Residual Value and Disposition of Existing Boilers & Equipment
The Anchor Bay School District has identified certain existing boiler equipment scheduled for replacement under this project that may retain remaining useful life and residual value.
The District is committed to responsible stewardship of public assets and requires proposers to address equipment disposition in a manner consistent with applicable Michigan school business practices.
Subcontractor shall clearly identify any existing boilers or associated components that may retain salvage, resale, reuse, or trade-in value and shall describe their proposed method of valuation, removal, disposition, and documentation.
Asset Valuation and Credit to the District
For any existing boiler or related mechanical equipment determined to have residual value, the Subcontractor shall:
1. Provide a written estimate of fair market value, salvage value, or trade-in value for each applicable asset.
2. Identify the valuation methodology used (e.g., third-party appraisal, dealer trade-in quote, industry standard depreciation schedule).
3. Apply any realized value as a direct financial credit to the District, either:
o As a line-item deduction to the project cost, or o As an explicit trade-in allowance documented in the proposal pricing.
All valuation assumptions shall be transparent and subject to District review and approval.
Upon approval by the District, Subcontractor shall take responsibility for existing equipment and Subcontractor shall take complete ownership for the condition of all such equipment. No obligations of any kind shall be owned by Centrix or the District once approval is granted.
Final disposition of equipment shall be subject to District approval and shall be conducted in accordance with District policies governing surplus property, asset disposal, and internal controls, consistent with generally accepted Michigan public school business practices.
Documentation and Audit Trail
The selected Subcontractor shall provide complete documentation for all removed equipment, including:
• Equipment description and serial numbers (where available)
• Final disposition method (reuse, resale, recycling, scrap, or disposal)
• Credits applied to the District
Such documentation shall be provided in a format suitable for audit and fixed-asset record updates.
Compliance with District Policies and Michigan Public School Practices
All equipment management and disposal activities shall comply with:
• District Board of Education policies related to asset management and surplus property
• Applicable guidance and best practices commonly recognized by Michigan public school governing and business organizations
• Applicable local, state, and environmental regulations
Failure to properly account for residual value equipment may be considered grounds for proposal rejection
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