Construction equipment is a big investment. Values of the same make, model, and year of individual pieces of equipment can have large value (or price) differences. By working with an impartial and properly certified appraiser, you can have confidence in the value of your construction equipment fleet. Forke & Tuel Appraisal Services, LLC, is that construction equipment appraiser. We can help you whether you’re buying, selling, borrowing, or lending.
Forke & Tuel Appraisal Services, LLC, provided professional certified appraisal services to contractors, investors, and dealers since 2001. We have offices in Colorado and Wyoming but cover the entire US. An appraisal can help a number of parties involved in a purchase.
If you are buying new or used construction equipment – regardless if it’s one piece or an entire company purchase, you want to be sure you pay a fair price. An impartial professional appraisal helps the buyer and seller.
If you are selling new or used construction equipment – regardless if it’s one piece or an entire company sale, you want to be sure you get a fair return. An impartial professional appraisal can give you that piece of mind.
As a lender, you need to make sure your investment is appropriately collateralized. Government agencies typically insist on USPAP certified appraisers for their underwriting. Forke & Tuel are USPAP compliant and certified.
First, we help you decide if you require an auction liquidation appraisal, a fair market value appraisal, or an orderly liquidation appraisal and what approach is best (such as a market approach). Comparisons are conducted with similar equipment from historical auction and/or retail sales considering the most current examples available.
If no comparisons can be obtained, a formula is applied based on depreciation from new cost and considering remaining life, utility/marketability, and obsolescence. Factors in determining value will also include specific information gathered from the field inspection with respect to usage, attachments, options, and condition.
Second, we utilize an extensive electronic and guidebook database of recent comparisons. Third, our 70 combined years of professional experience evaluating construction equipment and other industrial assets are used. Other factors considered are world economic conditions, competitive pricing of new equipment, input from the owner regarding recent major repairs and maintenance records, and operational protocols.
We are USPAP-certified, and our construction equipment appraisals are USPAP-compliant, fair, and impartial. Contact us today to learn more.
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