Construction Equipment Appraisal

5.0from 80+ client reviews
Construction equipment appraisal services for asset-backed lending, insurance coverage, and bankruptcy filings, prepared in accordance with USPAP. AppraiseItNow appraises excavators, bulldozers, cranes, skid steers, and compactors.

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DEFENSIBLE, USPAP-COMPLIANT CONSTRUCTION EQUIPMENT APPRAISAL REPORTS — QUALIFIED FOR THE IRS, INSURANCE AGENCIES, LENDERS, AND MORE.

  • U.S. Small Business Administration
  • Chase
  • Wells Fargo
  • Bank of America
  • Nationwide Insurance
  • U.S. Bancorp
  • IRS

The machinery and equipment team behind every report we write

Between them, our machinery and equipment appraisers hold CAGA designations, and every report is written to USPAP for the IRS, insurance agencies, lenders, and more.

Joe Kattan

Joe Kattan

Owner & CEO

Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.

Jason Dolph

Jason Dolph

Machinery & Equipment Appraiser

Third-generation auctioneer and CAGA Certified Appraiser with more than 20 years valuing machinery, equipment, vehicles, business assets, and estates for banks, attorneys, and trustees across the Carolinas.

Marnie Erkelens

Marnie Erkelens

Vehicle Appraiser

CAGA Certified Appraiser since 2014, covering vehicles, boats, equipment, fine art, and collectibles. A classic-car restoration background informs her vehicle work, with reports prepared for insurance, divorce, and charitable contributions.

Aron Blue

Aron Blue

Client Success Manager

Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.

  • USPAPWritten to the Uniform Standards of Professional Appraisal Practice
  • Certified Appraisers Guild of AmericaCertified Appraiser
  • The Appraisal FoundationAuthorized by Congress as the source of appraisal standards
Standard
USPAPCertified construction equipment appraisals, documented for the IRS, lenders, insurers, and courts.
Value definitions
FMV, OLV, FLV, ReplacementFair Market Value, Orderly Liquidation Value, Forced Liquidation Value, or Replacement Value for the intended use.
Delivery
Online, onsite as neededMany appraisals run from photos, telematics, and maintenance records; onsite when condition, hours, or scope require verification.
Purposes
Tax, lending, insurance, bankruptcyTax filings, asset-based lending, insurance coverage and claims, equipment financing, bankruptcy, and transactional due diligence.

We appraise construction equipment, from a single excavator to a full earthmoving fleet

AppraiseItNow provides certified construction equipment appraisals for tax filings, asset-based lending, insurance coverage and claims, equipment financing, bankruptcy proceedings, and transactional due diligence. Construction equipment is a specialized discipline within our broader equipment and machinery appraisal services.

What our team knows

Depreciation curves, regional markets, and equipment-specific value drivers

Our appraisers bring deep knowledge of manufacturer depreciation curves, regional market conditions, and the value drivers specific to each class of machine, so the valuation is accurate and well documented for the IRS, lenders, insurers, and courts.

Remote and onsite

Photos, telematics, and maintenance records, then inspection where needed

Many construction equipment appraisals are completed remotely, and an onsite inspection is coordinated when asset condition, operating hours, or scope of work requires physical verification. Remote work runs from the records a fleet already produces:

  • Photos
  • Telematics data
  • Maintenance records

Who we serve

Contractors, fleet owners, dealers, lenders, and their advisors

We serve general contractors, specialty subcontractors, construction companies, equipment dealers, fleet managers, and individual equipment owners, alongside the CPAs, estate attorneys, construction lenders, bankruptcy trustees, and litigation attorneys who need independent valuations for tax filings, divorce settlements, insurance claims, financing, or legal matters.

Construction equipment we appraise spans Caterpillar, Komatsu, John Deere, Volvo, Case, and Liebherr, plus specialty and regional brands

We appraise construction and earthmoving equipment across commercial, civil, and specialty trades, and our appraisers are familiar with the major manufacturers as well as the specialty and regional brands.

Earthmoving

Machines that dig, push, grade, load, and compact

We appraise the machines that move and shape earth on a site:

  • Excavators, mini and long-reach
  • Bulldozers and crawler dozers
  • Motor graders and road graders
  • Wheel loaders and skid steer loaders
  • Backhoe loaders
  • Scrapers, compactors, vibratory rollers, and plate compactors

Lifting, concrete, and paving

Cranes, batch plants, pavers, and drilling rigs

We also appraise the specialty equipment for lifting, concrete, paving, and foundations:

  • Crawler, tower, and rough-terrain cranes
  • Batch plants, pump trucks, and transit mixers
  • Pavers and asphalt milling machines
  • Drilling rigs and foundation equipment

What construction equipment appraisal clients say we are known for

Construction Equipment Appraisal Reviews: “I would definitely use them again” and “I highly recommend the AppraiseItNow team”

  1. Being the appraiser they come back to“I would definitely use them again” Richard A.Mentioned in 11 reviews
  2. Answering fast, and staying reachable while the work runs“They were responsive and timely from start to finish” Julia P.Mentioned in 6 reviews
  3. Showing the research and the comparables behind the number“They diligently researched both equipment items and provided well-documented reports” Bob H.Mentioned in 5 reviews
  4. Taking on items other appraisers had already turned downMentioned in 4 reviews
  5. Delivering the finished report ahead of the deadline“They did it quickly” Phil L.Mentioned in 3 reviews

Across 16 published construction equipment appraisal reviews, every one from a client who paid AppraiseItNow for an appraisal, the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.

  • I recommend AppraiseItNow Inc. highly. I needed an appraisal of fair market value for geologic laboratory equipment for charitable donations to three universities. The unique items and limited secondary market complicated the valuation. They provided a sound, verifiable estimate and the 8283 forms that I was able to use in my tax filings. I would use them again.
    Alan B. , Denver, CO ·

    Lab Equipment Appraisal for Charitable Donation

  • AppraiseItNow did an outstanding job appraising my 1998 Bobcat Skid Steer and circa 2010 Yuchai Crawler Dozer. We could not locate a serial number on the dozer, and there were no online sales available, but they were still able to develop an accurate appraisal using known specifications for my dozer compared to other comparable make and model dozers. They diligently researched both equipment items and provided well-documented reports.
    Bob H. , Dallas, TX ·

    Machinery & Equipment Appraisal

  • I needed an IRS-qualified appraisal for an unusual and costly piece of medical equipment. AppraiseItNow was able to provide me exactly what I needed on a timely basis. The personnel at the company are very friendly and helpful. I would definitely use them again.
    Richard A., Oakland County, MI ·

    Medical Equipment Appraisal for Charitable Donation

  • Affordable and reliable, with fast service and always responsive to my messages and questions. They delivered my appraisal on time without a glitch. 100% Recommended! I wouldn’t use anyone else for my business. Thank you, Joe — you’re great!
    Ana R. , Lawrence, MA ·

    Machinery & Equipment Appraisal for Bankruptcy Filing

  • I highly recommend the AppraiseItNow team. They were responsive and timely from start to finish, and the whole process was seamless. The final report was super detailed and gave me all the information I needed. I am so glad I hired them and would recommend them to anyone needing an appraisal!
    Julia P., Philadelphia, PA ·

    Technology Equipment Appraisal for Divorce

  • They did an appraisal of medical equipment for donation. They did it quickly, and I received a blank form 8283 signed by the appraiser. It was what I needed. The price was higher than I wanted to spend on an appraisal, but a lot lower than other appraisers. AppraiseItNow was very responsive and communicative, and the other appraisers were not. I would use them again.
    Phil L., West Linn, OR ·

    Medical Equipment Appraisal for Charitable Donation

Construction Equipment Appraisals Anywhere in the US

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How our Valuation Process Works

1

Appraisal Request

Submit estimate or list of items for our review.

2

Quote Issued

We'll share a flat fee quote for your approval.

3

Kickoff & Intake

Submit details on all of your items for our review.

4

Research & Analysis

We'll conduct detailed research and prepare a written USPAP-compliant report.

5

Report Delivery

Delivery of your report and supporting documents (e.g., signed IRS Form 8283) by email.

How much does a Construction Equipment appraisal cost?

Standard Fee Range

$695 – $2200

Standard range for our Construction Equipment appraisals based on past projects

  • Fixed fee quoted before any work starts
  • No hourly billing
  • USPAP-compliant report, accepted by insurers, courts and the IRS

Two report tiers. Your intended use sets which one you need.

Standard Construction Equipment Appraisals

from $295

USPAP-compliant report for standard purposes

  • Insurance Coverage
  • Personal Use
  • Probate Court
  • Estate Distribution

Advanced Construction Equipment Appraisals

IRS-qualified

from $395

USPAP-compliant and IRS-qualified report for advanced purposes

  • M&A Due Diligence
  • Asset-Backed Loans
  • IRS Purposes
  • Insurance Claims
  • Legal Purposes

Pricing By Volume

Please note that the fees listed below are for informational purposes and are subject to change. Our team will review your materials and issue your quote before we get started.

  1. 1 item

    $295 – $595

    Single machine appraisal

  2. 10 items

    $995 – $2200

    Small fleet or mixed equipment set; varies if conducted onsite

  3. 50+ items

    $5K – $10K+

    Larger inventory; frequently done in-person

What Drives Cost?

  • Variety of equipment categories, models, and technical complexity
  • Quantity of line items and duplicate SKUs to analyze
  • Condition differences and any need for onsite verification or additional research
  • Documentation quality – clear photos, serial numbers, specifications, and maintenance logs streamline analysis
  • Intended use of the appraisal (insurance, tax, financial reporting) and compliance requirements

Our Construction Equipment appraisal fees are transparent, scope-based, and designed to be fully USPAP-compliant for your intended use. We don't bill by the hour and will propose a fixed fee before we start our work, so you'll know exactly what you are paying before engaging our team. Please note that the pricing outlined here is strictly for informational purposes; before issuing your quote, we will need to get a better understanding of your assets so we can properly scope the assignment.

We produce written equipment appraisal reports for lending, insurance, charitable donations, and litigation

Given the USPAP-compliant nature of AppraiseItNow’s appraisal reports, we prepare our deliverables for major legal, tax, and financial reporting purposes for individual and commercial clients.

Popular uses of our appraisal reports include:‍

Tax, Estate & Financial Planning

Transactions, Lending & Investment

Life Events & Special Circumstances

  • Divorce
  • Social Security reporting or Medicaid Application Filings
  • E-2 visa applications

Frequently Asked Questions on Construction Equipment Appraisals

Where do construction equipment values actually come from?

From realized prices in the specialized heavy-equipment market: auction results and sold records on platforms such as Ritchie Bros., IronPlanet, MachineryTrader, AuctionTime, and Purple Wave, plus dealer listings and private transactions. Our appraisers adjust those comparables for age, hours, condition, attachments, and geographic market before concluding value.

What happens if my equipment’s hours or maintenance records can’t be verified?

The value usually comes in lower. When hour meters are inoperable or replaced and maintenance logs are missing, appraisers and lenders apply more conservative remaining-life assumptions and select lower-priced comparables. Verifiable meters, serial numbers, and service records are among the cheapest ways to protect concluded value.

How is specialized or custom construction equipment valued without comparables?

Through the cost approach: current replacement cost new less deductions for physical wear, functional obsolescence such as a design that no longer matches current methods, and economic obsolescence such as reduced demand in the owner’s industry. Forcing weak comparables onto a unique machine is less reliable than a well-supported cost analysis.

Does the IRS mandate a valuation method for construction equipment?

No. Depreciation under IRC Sections 167 and 168 allows multiple methods such as MACRS and straight-line, and appraisals supporting basis allocation, impairment, or fair market value are not constrained to a single technique. Claims that the IRS requires the market approach or book value are inaccurate generalizations; the method must fit the assignment and professional standards.

Can I rely on my depreciation schedule to value construction equipment?

No. Book value rests on historical cost and standardized lives, while market value reflects current condition, emissions-tier obsolescence, and regional demand, so the two routinely diverge in either direction. Using book value for financing, buy-sell deals, or insurance leads to under- or over-valuation with real consequences for credit and pricing.