Diesel-powered construction machinery and equipment is among the biggest air polluters out there. Some U.S. cities are requiring that construction equipment used on city-subsidized projects be retrofitted with emissions controls to protect city-dwellers from harmful air pollution. Retrofitting these vehicles is a huge expense for construction companies, and these mandates can be impossible to fill for construction companies that own older equipment. Construction vehicles are built to last for 30 years or more, and retrofitting technology isn’t always available for these older pieces of machinery.
Green construction is on the rise, which can add a new dimension to an appraiser’s job. Features like emissions controls must be considered when appraising construction equipment and machinery, and appropriate, market-based adjustments have to be made to the value of the equipment. People involved in green construction sometimes complain that appraisers don’t take energy-efficient features into account when appraising a piece of equipment. This is why it’s important to work with an NEBBI-certified appraiser who has the training and experience necessary to recognize green technology’s impact on a machine’s value.
The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.
By: NEBB Institute
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