DUE DILIGENCE AND CAPITAL COSTS OF VEHICLES AND HEAVY EQUIPMENT
Hi everyone, I'm new to the group and under LOI with a small asphalt contracting company that does preventative maintenance and repairs. The company has a decent equipment list of vehicles, heavy equipment & tools.
I'm trying to get a better idea of how to effectively due diligence the equipment, estimate it's current value and project future capital reinvestments.
Does anyone have any good resources to share on this?
Lee, you're most likely wanting to connect with an Accredited Senior Appraiser (ASA certification). There are different options for appraisals, depending on your concerns and budget. Cheapest option is a "desktop appraisal" which is done remotely with a detailed list of fixed assets. The more expensive option is for the ASA to perform a site visit.
If you'd like to send me an email at [redacted] I can get you more information and introduce you to an ASA I highly recommend!