A machinery and equipment appraisal is something that you may do every year (which we recommend) or once in the history of your company.  Whether it’s plastics equipment appraisal or other types of equipment, here’s what you need to know to secure your appraisal.

      • Who is the appraisal for?
          • Is it for you or for a leasing company or for some other third party?
      • What is the intended use?
        • Are you looking for asset based lending values, insurance values, acquisition values, disposition values or values for a taxing authority?
      • Do you need an inspection?
        • Some appraisals don't require that the equipment has an onsite inspection.
      • Within what time frame do you need the appraisal?
        • Do you need the report in a couple of days or in a couple of weeks?
      • What appraisal value(s) are you looking for?
        • Common values include Forced Liquidation Value – Auction, Orderly Liquidation Value, Fair Market Value and Replacement Cost
      • What is the effective date of the appraisal?
        • Appraisals can be backdated to a date in the past as of a specific date if necessary.
      • What equipment are you looking to have appraised?
        • The entire plant or certain assets only?
      • What is the location(s) of the equipment?
        • Are there multiple locations are is all the equipment under one roof?
      • Who is the main contact for the appraisal?
        • And who are the site contacts and/or people who know the most about the equipment?
      • Are there any special circumstances that the appraiser should be aware of? 
There are other things you will discuss with the appraiser too. Having the answers to these questions ready will speed up the process of getting a quote and getting the appraisal report you need.