Machinery appraisal is a special expert witness field, as there are many details to consider in the evaluation of mechanical equipment. There are different types of machinery for a variety of industries, so it is very important to find a machine appraisal expert with the particular knowledge that is relevant to your case.
Machinery appraisers often focus on specific areas within the field, such as electrical, manufacturing, woodworking, rigging, laboratory equipment, integrated circuit fabrication, automotive and aircraft machinery, conveyers, and refinery equipment. Due to the high costs of acquiring and operating such complex machinery and equipment, companies will often insure these machines in case a malfunction or other mechanical failure were to occur.
Whether the machinery is being used in the automotive, aircraft, manufacturing, refinery, engineering, mining, steel, petroleum, waste management, port operations, foundations, construction, chemical, computer manufacturing, medical, textile manufacturing, metalworking, food service and processing, or agriculture and farming industry, appraisal can help assess what the equipment and machinery is worth in terms of insurance, taxes, loans, financing, buying or selling, mergers and acquisitions, financing, and other cost-related issues.
Machinery appraisal expert witnesses are usually certified in appraisal, as there is a lot of training and skillsets involved with the inspections and evaluations of technical machinery and equipment. ForensisGroup has been recruiting only the best experts in each field, including those in appraisal. Call us today Submit An Expert Request Form to retain the right machinery appraisal expert witness for your case.