What our Appraisers cover
Our Construction, Transportation, Agricultural, and Medical Equipment Appraisers are valuation specialist who determines the fair market value, replacement cost, or liquidation value of tangible personal property (as opposed to real estate/land). In the Philippines, this typically spans four equipment categories:
- Construction equipment – excavators, bulldozers, cranes, backhoes, concrete mixers, pile drivers
- Transportation equipment – trucks, buses, trailers, forklifts, marine vessels, sometimes aircraft
- Agricultural equipment – tractors, harvesters, irrigation systems, threshers, farm implements
- Medical equipment – diagnostic imaging machines, hospital beds, laboratory instruments, dental equipment
- Restaurant and Bakery equipment
AT Appraisal Philippines we illustrate this exact niche — offering appraisal and valuation of vehicles, machinery, heavy equipment, construction machinery, and marine transport equipment.
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Who hires us and why ?
- Banks and lending institutions – to assess collateral value for equipment loans or chattel mortgages
- Insurance companies – to establish insurable value or settle claims after loss/damage
- Businesses – for financial reporting, mergers/acquisitions, asset sales, or tax purposes
- Courts/legal proceedings – estate settlement, disputes, eminent domain cases
- Leasing and financing companies – to set residual values
- Government agencies – customs valuation, asset disposal, or public bidding requirements
Methods used
Appraisers typically apply one or a combination of:
- Cost approach – replacement/reproduction cost minus depreciation
- Market approach – comparable sales of similar equipment
- Income approach – value based on income-generating potential (less common for equipment, more for income-producing assets)
Physical condition, age, usage hours/mileage, maintenance records, and obsolescence all factor into the final valuation.