{"id":12409,"date":"2010-11-18T03:33:10","date_gmt":"2010-11-18T08:33:10","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/"},"modified":"2022-12-29T04:03:43","modified_gmt":"2022-12-29T09:03:43","slug":"typical-scope-of-work-for-a-machinery-and-equipment-appraisal","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/","title":{"rendered":"Typical Scope of Work for a Machinery and Equipment Appraisal"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>Typically, before performing a machinery and equipment appraisal, a <a href=\"https:\/\/nebbinstitute.wordpress.com\/2010\/05\/12\/getting-a-cmea-designation\/\">CMEA<\/a> will outline the scope of work required by an assignment. The <a href=\"https:\/\/nebbinstitute.wordpress.com\/2010\/05\/20\/what-is-uspap\/\">USPAP<\/a> (Uniform Standards of Professional Appraisal Practice), to which all CMEAs adhere, has published guidelines to help machinery and equipment appraisers know what to include in the scope of work. The minimum standards for scope of work include the client\u2019s expectations and the steps taken by other appraisers involved in similar assignments.<\/p>\n<p>When you engage a CMEA, he or she will typically follow these steps before determining the value of your machinery or equipment:<\/p>\n<ul>\n<li>Identify the assets to be appraised<\/li>\n<li>Define the purpose of the appraisal<\/li>\n<li>Establish the valuation date for the appraisal<\/li>\n<li>Determine the appropriate valuation concepts and approaches to be used<\/li>\n<li>Determine the type of valuation study to be completed<\/li>\n<li>Select the type of appraisal report to be provided<\/li>\n<li>Check the availability of data and information<\/li>\n<\/ul>\n<p>A specific scope of work is a necessary first step in any appraisal. If one doesn\u2019t exist, an appraisal may not stand up to scrutiny in a court of law.<\/p>\n<p>The <a href=\"https:\/\/www.certitrek.com\/nebb\/\">NEBB Institute<\/a> 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.<\/p>\n<p>By: <a href=\"http:\/\/www.nebbinstitute.org\/\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Typically, before performing a machinery and equipment appraisal, a CMEA will outline the scope of work required by an assignment. The USPAP (Uniform Standards of Professional Appraisal Practice), to which all CMEAs adhere, has published guidelines to help machinery and equipment appraisers know what to include in the scope of work. The minimum standards for [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[78,98,35],"class_list":["post-12409","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-machinery-equipment-appraisal","tag-machinery-and-equipment-appraisal","tag-nebb-institute"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Typical Scope of Work for a Machinery and Equipment Appraisal<\/title>\n<meta name=\"description\" content=\"When you engage a CMEA, he or she will typically follow these steps before determining the value of your machinery or equipment:\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Typical Scope of Work for a Machinery and Equipment Appraisal\" \/>\n<meta property=\"og:description\" content=\"When you engage a CMEA, he or she will typically follow these steps before determining the value of your machinery or equipment:\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-11-18T08:33:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-29T09:03:43+00:00\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Typical Scope of Work for a Machinery and Equipment Appraisal\",\"datePublished\":\"2010-11-18T08:33:10+00:00\",\"dateModified\":\"2022-12-29T09:03:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/\"},\"wordCount\":417,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"keywords\":[\"Machinery &amp; Equipment Appraisal\",\"machinery and equipment appraisal\",\"NEBB Institute\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/\",\"name\":\"Typical Scope of Work for a Machinery and Equipment Appraisal\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#website\"},\"datePublished\":\"2010-11-18T08:33:10+00:00\",\"dateModified\":\"2022-12-29T09:03:43+00:00\",\"description\":\"When you engage a CMEA, he or she will typically follow these steps before determining the value of your machinery or equipment:\",\"breadcrumb\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.certitrek.com\/nebbinstitute\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Typical Scope of Work for a Machinery and Equipment Appraisal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#website\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/\",\"name\":\"NEBB\",\"description\":\"Certified Machinery and Equipment Appraisal\",\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.certitrek.com\/nebbinstitute\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\",\"name\":\"The National Equipment & Business Builders\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.certitrek.com\/nebb\/wp-content\/uploads\/sites\/6\/2021\/04\/nebb_logo_small_color.png\",\"contentUrl\":\"https:\/\/www.certitrek.com\/nebb\/wp-content\/uploads\/sites\/6\/2021\/04\/nebb_logo_small_color.png\",\"width\":134,\"height\":43,\"caption\":\"The National Equipment & Business Builders\"},\"image\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/5113183\",\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\",\"https:\/\/twitter.com\/nextlevelpurch\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\",\"name\":\"Galo Matagay\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/34d4be7be9c43eeb480e7e32739c2f3f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/34d4be7be9c43eeb480e7e32739c2f3f?s=96&d=mm&r=g\",\"caption\":\"Galo Matagay\"},\"description\":\"Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aenean consequat rutrum ipsum quis iaculis. Duis non porta purus, tincidunt tristique mi. Cras eleifend tincidunt mollis. Aliquam egestas velit vitae interdum egestas. Aliquam vel lorem egestas lectus porttitor volutpat nec sit amet enim. Nullam bibendum vestibulum imperdiet.\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/author\/galo\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Typical Scope of Work for a Machinery and Equipment Appraisal","description":"When you engage a CMEA, he or she will typically follow these steps before determining the value of your machinery or equipment:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/","og_locale":"en_US","og_type":"article","og_title":"Typical Scope of Work for a Machinery and Equipment Appraisal","og_description":"When you engage a CMEA, he or she will typically follow these steps before determining the value of your machinery or equipment:","og_url":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/","og_site_name":"NEBB","article_publisher":"https:\/\/www.facebook.com\/NextLevelPurchasing\/","article_published_time":"2010-11-18T08:33:10+00:00","article_modified_time":"2022-12-29T09:03:43+00:00","author":"Galo Matagay","twitter_card":"summary_large_image","twitter_creator":"@nextlevelpurch","twitter_site":"@nextlevelpurch","twitter_misc":{"Written by":"Galo Matagay","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/#article","isPartOf":{"@id":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/"},"author":{"name":"Galo Matagay","@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa"},"headline":"Typical Scope of Work for a Machinery and Equipment Appraisal","datePublished":"2010-11-18T08:33:10+00:00","dateModified":"2022-12-29T09:03:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/"},"wordCount":417,"publisher":{"@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#organization"},"keywords":["Machinery &amp; Equipment Appraisal","machinery and equipment appraisal","NEBB Institute"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/","url":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/","name":"Typical Scope of Work for a Machinery and Equipment Appraisal","isPartOf":{"@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#website"},"datePublished":"2010-11-18T08:33:10+00:00","dateModified":"2022-12-29T09:03:43+00:00","description":"When you engage a CMEA, he or she will typically follow these steps before determining the value of your machinery or equipment:","breadcrumb":{"@id":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/typical-scope-of-work-for-a-machinery-and-equipment-appraisal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.certitrek.com\/nebbinstitute\/"},{"@type":"ListItem","position":2,"name":"Typical Scope of Work for a Machinery and Equipment Appraisal"}]},{"@type":"WebSite","@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#website","url":"https:\/\/www.certitrek.com\/nebbinstitute\/","name":"NEBB","description":"Certified Machinery and Equipment Appraisal","publisher":{"@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.certitrek.com\/nebbinstitute\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#organization","name":"The National Equipment & Business Builders","url":"https:\/\/www.certitrek.com\/nebbinstitute\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/logo\/image\/","url":"https:\/\/www.certitrek.com\/nebb\/wp-content\/uploads\/sites\/6\/2021\/04\/nebb_logo_small_color.png","contentUrl":"https:\/\/www.certitrek.com\/nebb\/wp-content\/uploads\/sites\/6\/2021\/04\/nebb_logo_small_color.png","width":134,"height":43,"caption":"The National Equipment & Business Builders"},"image":{"@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/5113183","https:\/\/www.facebook.com\/NextLevelPurchasing\/","https:\/\/twitter.com\/nextlevelpurch"]},{"@type":"Person","@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa","name":"Galo Matagay","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/34d4be7be9c43eeb480e7e32739c2f3f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34d4be7be9c43eeb480e7e32739c2f3f?s=96&d=mm&r=g","caption":"Galo Matagay"},"description":"Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aenean consequat rutrum ipsum quis iaculis. Duis non porta purus, tincidunt tristique mi. Cras eleifend tincidunt mollis. Aliquam egestas velit vitae interdum egestas. Aliquam vel lorem egestas lectus porttitor volutpat nec sit amet enim. Nullam bibendum vestibulum imperdiet.","url":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/author\/galo\/"}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/posts\/12409"}],"collection":[{"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/comments?post=12409"}],"version-history":[{"count":2,"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/posts\/12409\/revisions"}],"predecessor-version":[{"id":17213,"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/posts\/12409\/revisions\/17213"}],"wp:attachment":[{"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/media?parent=12409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/categories?post=12409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.certitrek.com\/nebbinstitute\/wp-json\/wp\/v2\/tags?post=12409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}