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following outlines our process for your appraisal project.
This outline starts with your confidential inquiry.
Initial Interview
- Review
of the project prerequisites.
- Determine assets to be appraised.
- Determine intended
use & intended user.
- Determine deadline for final
report.
- Receive special instructions.
- Determine appropriate
value to be used. (See following page for definitions)
- Determine
if assets have been appraised in the past.
- Establish date
for field work to take place.
- Client reviews and approves
agreement.
On Site Work
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Field work begins on established
day.
- Introduction to contact person.
- Compile name brand,
model, serial number and
description of major assets.
- Noting potential removal
and installation problems or extraordinary characteristics
of assets.
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Observing overall condition of the facility
and/or the entire group of assets.
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Inquiries regarding
maintenance program.
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Inquiries regarding recent repair
or reconditioning.
- Compiling necessary invoices.
- Inquiries regarding
borrowed, leased or rented items.
- Conducting ourselves
in a non disruptive manner.
- Digital photographs of major
assets.
Research and Data Entry
- Transcribe field
notes.
- Process digital photographs.
- Research all necessary
data.
- Produce a no price draft for clients review.
- Client
approval of no price draft.
- Complete necessary changes,
additions or deletions.
- Produce final reports.
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