maintenance | by Tom Jackson
For best results take charge of the process
t is almost certain that at
some point you will have
your equipment ﬂeet appraised.
The outcome of that appraisal might affect your ability to
borrow money, obtain bonding,
purchase equipment and continue
to operate and proﬁt.
In other words, appraisals have
become a big deal, and you as
the ﬂeet manager or ﬂeet owner
should be directly involved with
the appraisal process.
That’s the advice of Brett Hoffman, a 30-year veteran in the ﬁeld
and one of three senior appraisers
at J. J. Kane Appraisal Services.
Hoffman recently gave a presentation at the 2012 Fall Asset
Management Symposium, put on
by the Association of Equipment
Management Professionals. Here’s
what he had to say.
Take an active role
“You want your equipment represented fairly,” Hoffman told the
AEMP members. It’s important that
you get a fair shake in your appraisals. The appraiser should be
willing to listen to your concerns
and seek your input regarding
the repairs, overhauls or rebuilds
that you have performed on your
equipment. Equally, you should be
upfront regarding any deﬁciencies
or equipment requiring repairs. His
goal should be to determine an
independent and balanced opinion
of value for all parties involved in
using the appraisal.
It’s your ﬂeet and you should have a say in who
is going to do it and how it’s going to get done.
Get involved to get
the best result and
the right value for
EquipmentWorld.com | December 2012 39