Scrap Metal Contract Audit Checklist

Pricing

• ☐ Public index named for each non-ferrous grade (e.g. LME)
• ☐ Index period defined (day, average, month)
• ☐ Percentage or discount defined per grade
• ☐ Currency and exchange rule defined
• ☐ Price review clause every 6 or 12 months
• ☐ Index source publicly verifiable by you

Grades

• ☐ Written grade definitions with photos
• ☐ Downgrade rule: photos and weights before invoicing
• ☐ Right to dispute a downgrade within a set time
• ☐ Separate grades for copper, aluminium alloys, stainless 304 and 316, brass

Weighing and deductions

• ☐ Certified scale named
• ☐ Ticket per lift, shared before invoicing
• ☐ Tolerance and dispute process
• ☐ Moisture and oil deductions defined with method
• ☐ Attachments and contamination deductions defined

Fees and logistics

• ☐ Container rental listed and capped
• ☐ Transport priced per lift or per tonne, not both
• ☐ Admin or environmental fees justified or removed
• ☐ Minimum lift weight defined
• ☐ Service levels for pickup

Payment and compliance

• ☐ Payment terms in days
• ☐ Buyer's authorizations on file
• ☐ Tracking documents provided per lift
• ☐ End-of-waste responsibility stated (EU)
• ☐ Monthly statement matching invoices, tickets and index