The principal sources of other Third Party Income are likely to relate to the sale of recyclables and possibly process residues. As markets for the outputs can be volatile the income realised may vary substantially from that assumed in the Base Case Model. The markets for recyclable materials are relatively transparent as information about market prices is freely available42. Such information should be used by the Contract Management Team to benchmark the prices being reported by the Contractor. As with all third party sharing arrangements the Contract Management Team should monitor any information that may indicate that there is an upside to be shared with the Authority. The monitoring arrangements should be set out in the Contract Management Manual.
__________________________________________________________________________________________
42 There are several commercial websites publishing market prices for recyclate which include www.letsrecycle.com and www.mrw.co.uk.