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HYPERAMS can provide a quick, accurate appraisal conducted within the guidelines of the Uniform Standards of Professional Appraisal Practice (USPAP). Whether you need to know the value of a single piece of equipment or the total value of a plant’s complete asset listing, HYPERAMS is here to help you.
You can depend on HYPERAMS and its commitment to serving its clients with integrity and passion. Whether you are seeking the fair market value, orderly liquidation value, or forced liquidation value, HYPERAMS can provide you with a timely and competitively priced, USPAP compliant report. As a buyer and seller of excess assets in the current marketplace, HYPERAMS has first-hand knowledge and an understanding of the dynamic economic factors that can influence the values of machinery and equipment today.
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The appraisal process for a machinery & equipment appraisal involves a partnership between the appraiser and client. The first part of the process includes defining the scope of the appraisal, such as what is going to be appraised, where is the equipment located, and under what value definition.
The next phase of the equipment appraisal involves the inspection. This includes a site visit to the location(s) to identify, photograph, and record items such as manufacturer, model, and serial number. It also includes discussion with management regarding maintenance practices, additions, transfers, and dispositions.
When the inspection is complete, the appraiser completes the next phase which involves research, due diligence, and report writing. The length of time for this phase is determined by the complexity of the appraisal and the type of equipment being appraised.
The last phase of the appraisal process includes delivery of the report to the client. This should include a discussion with the client regarding any special assumptions, key value drivers, and overall issues relative to the report that are also identified in the narrative of the appraisal.
The summary appraisal report is typically utilized for estimating the value of equipment for lenders,attorneys, or owners of a business. On-site inspection details are included in the appraisal report. This USPAP compliant report expresses value as a single number for each tangible asset valued and the aggregate is reported as a single value encompassing all of the equipment.
A desktop appraisal report is typically used to determine value without the expense of an on-site inspection and detailed analysis of the condition of the equipment. Photographs and a brief description of the machinery or equipment are sent to the appraiser by the client and a value is derived based on this information.