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As Manufacturers Shutter Their Doors, Appraisals Become That Much More Important
It may come as a surprise to many people that manufacturing is still the largest industry contributing to the United States gross domestic product. According to government numbers, manufacturing employs approximately 16.7 million workers, meaning that it is still an industry that needs attention. The size of industrial production and significance in the U.S. economy, […]
Determining Insurable Value for Equipment and Machinery
It is important for any type of business to carry various forms of insurance that can cover a business owner in case of damage to the company’s property and equipment. Although an insurance company will establish its own value of the business’s assets to determine a necessary amount of coverage, it is important that the […]
NEBB Institute’s Comprehensive CMEA Training
In addition to providing ongoing support, a dynamic international network, and certification to professionals in the art of machinery/equipment appraisal and brokerage, part of NEBB Institute’s mission is to provide initial and monthly comprehensive education. And approximately 400 NEBB Institute members coast-to-coast and worldwide have found that the CMEA professional designation increased their bottom-line profitability. […]
Machinery & Equipment Appraisal Report Types
When you arrange for a CMEA to do a machinery & equipment appraisal for your business, you will end up with an appraisal report that states the CMEA’s findings and estimates. There are two types of appraisal reports that can be performed: a summary appraisal report and a desktop appraisal report. A summary appraisal report […]
Machinery and Equipment Assets Common Definitions of Value
In July, we wrote a blog series that defined some common machinery and equipment appraisal terms: fair market value, forced liquidation value, and orderly liquidation value. But there are many more terms the industry uses that can be confusing if you don’t have your own working definition of them, and it’s important that you understand […]
How Becoming a CMEA Can Benefit Your Business
Becoming a Certified Machinery and Equipment Appraiser (CMEA) has been a huge benefit to the business of Present Value LLC. The company has become more diversified by offering a full complement of appraisal services, including certified machinery and equipment appraisals. Chris Kinzie and Chris Spinelli, the owners of Present Value, share some of the benefits […]
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