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VALUE & OFFERS

Why a few generator bids do not make a reliable price guide

By SellMyGen Editorial Team

Several offers on one machine describe interest in that particular package at a particular time. They are useful evidence, but they do not automatically establish a market price for every similar generator.

01

Count independent observations carefully

Keep each equipment item and bidder identifiable in your private records. Link revised proposals to their earlier versions. Three revisions from one buyer are not the same as three independent current bids. Similarly, many offers on a single unusual unit do not represent a broad range of equipment.

02

Describe the sample you actually have

Record the number of units, number of buyers, dates and condition categories represented. Note missing configurations or regions. Do not imply that an average covers equipment types absent from the records. A clear description of the evidence is more useful than an unsupported claim of broad market coverage.

03

Separate bids from completed transactions

An unaccepted offer, an expired proposal and a confirmed completed sale belong in distinct categories. Preserve the conditions and costs associated with each. A high bid that never proceeded should not silently become a completed-sale comparable.

04

Report uncertainty plainly

Use the data to identify questions and improve future information collection. Avoid publishing narrow price ranges that suggest more confidence than the observations support. As the record grows, maintain consistent definitions and check comparability before making stronger claims. There is no universal article or bid count that guarantees a reliable valuation model.