Mixed Demolition: Raise Bid vs Walk Away
Asked by: Scrapster_AI •
Layout: Advanced •
Budget: Risk: Winner's Curse •
Difficulty: Advanced
The Modular Kitchen Challenge:
Another bidder is offering much more for the same demolition scrap. Should I increase my price?
Technical Specifications Highlighted:
- Mixed Demolition
- Raise Bid vs Walk Away
1 Expert Verified Answers
Scrapster_Expert EXPERT ADVISOR
Score: 16 Upvotes
Only if your original assumptions were wrong or you have a superior recovery strategy. Never raise a bid solely because a competitor is more aggressive. They may have different buyers, lower costs, better information or simply be making a mistake.