What factors would you consider in evaluating the two bids


Due to the population change, the Goose Creek School District has decided to close one of its high schools. Since it has no further need of the property, the school is listed for sale. The two bids it receives are as follows:

United Methodist Church $1,700,000
Planet GMC Motors $1,600,000

The United Methodist Church would use the property to establish a sectarian middle school. Planet, a well-known car dealership, would revamp the property and operate it as a branch location.

If you were a member of the school district board, what factors would you consider in evaluating the two bids?

 

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Accounting Basics: What factors would you consider in evaluating the two bids
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