Construction Equipment Services

Appraisal

An unbiased opinion of value of an identified property based upon the investigation and analysis of pertinent data and the application of appropriate analytical techiniques.

Fair Market Value

The dollar amount typically obtained for property between a willing Buyer/User and a willing Seller, neither under any compulsion to buy or sell and both fully aware of all relevant facts.

Liquidation Value

The estimated gross amount typically realized from a properly advertised and conducted public sale on an “as is, where is” basis.

Full Appraisal

Typically includes an on-site inspection by the appraiser to document specific information regarding the machinery or equipment, including, but not limited to; model numbers, serial numbers, engine size/hours, mileage, upgrades or modifications (if any), date of acquisition and condition. Asset is photographed and tagged with an appraisal identification decal.

Desktop Appraisal

Performed without an onsite inspection of the asset(s). The client is provided with an "equipment documentation form" and "definitions of conditions" to complete and return. Clients are responsible for collecting all physical data, report current conditions and supply digital photographs to form an opinion of value. Desktop appraisals are brief in nature. Photographs are not included in the report; however they are kept in the appraiser's work papers.

Letter of Opinion

Provides a range of values for the machinery & equipment. The opinion of value is generated from lists and/or other informational materials supplied to the appraiser. An evaluation is performed without the benefit of an actual on-site inspection. This letter form opinion is not recommended for use in credit decisions. A letter form opinion provides a range of value. No details or photos are provided.