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Salvor

What is a salvor?

A salvor is a buyer who purchases damaged property for resale, repair or parts recovery. Reaching the right salvors for a given property class — machinery, electronics, retail stock, freight — is what creates competition on a salvage lot, and competition is what raises the recovery.

A salvor is engaged by the carrier, adjuster or insured rather than buying the property itself, which is the distinction that matters: the salvor runs the market test, and the buyers bid into it. Soliciting a single offer is not a market test, and an award without a documented solicitation is difficult to defend later.

Bidders are given specifics — counts, models, condition, photographs, removal constraints — because a bidder guessing at condition bids low to cover the guess. See competitive bidding in salvage recovery.

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