Aircraft Inventory & Used Serviceable Material Valuations
Collateral Verifications is a leading industry provider of aircraft spare part inventory and USM Used Serviceable Material appraisals & valuations. Each year our firm performs dozens of repeat annual valuations and an average of over 60 total appraisals of spare part inventories.
This amounts to an average of 20 million line items per year. The individual parts within these inventories support over 250 different aircraft, rotorcraft and engine platforms.
We report value based on actual sales histories and market comparables. Appraisers who do not specialize in aircraft part inventories, as CV does, will simply not have the current market data required to deliver a prompt, affordable and accurate opinion of value.
Client testimonial from a recent appraisal:
"We previously engaged two other firms for this same inventory. The first was a well known firm in New York City who charged us $60,000 and delivered a report that amounted to very general fluff with comments such as 'The PW4000 engine is a very popular model'. The report did not have any line item level of detail or supporting factual market comparables on which to base the valuation.
The second company we hired from South Florida delivered a more detailed report, however the values they reported were more than three times actual market prices and they left thousands of other lines blank.
Their answers to our questions regarding how they reached the reported values were always something to do with their 'proprietary database'.
The cost of the CV report was less than 20% of the NY firm's fees and the line item values you reported were right in line with our own internal research and the actual sales records of the company we are funding.
The fact that your report was delivered in less than six days from the time of engagement compared to six weeks from the other guys was an added plus which allowed our deal to close on schedule."
Our reports are most commonly used for:
- Collateralized Lending
- Internal Audit
- Insurance Loss Claims
- IRS Form 8283 Donations
- Proving Collateral Requirements for SBA COVID-19 Economic Injury Disaster Loans
- Litigation / Expert Witness
- Mergers & Acquisitions
- Shareholder Reporting
Our appraisal reports have withstood detailed independent audits by BDO, Deloitte, Grant Thornton, KPMG, Price Waterhouse Coopers and other leading financial auditors.
Mark Peterman's reports have been accepted as expert witness testimony by the Delaware Court of Chancery, Colorado Trial Courts, Colorado Bankruptcy Courts, the English High Court of Justice (UK), and the Tribunal Superior De Justica De La Ciudad De Mexico.
Certified Aircraft Part Inventory Appraisals and Valuations
CV offers 8 primary levels of aircraft part inventory certified appraisals.
Levels 1 and 2 are Unbiased Certified Appraisals based on the client's submitted parts list of the actual inventory.
These are commonly referred to as
Desktop Appraisals.
Levels 3 through 8 are also Unbiased Certified Appraisals, but based on different levels of physical inspection by CV personnel.
These levels are commonly referred to as
Full Appraisals.
PA LEVEL 1 - A Certified Desktop Appraisal with the value assigned to the total inventory as well as to various sub-groups, consignment codes or lots. The final product is a 40 to 60 page certified text report. Excel spreadsheets listing individual line items are not provided.
PA LEVEL 2 - A Certified Desktop Appraisal with the value assigned to all individual line items of inventory. The final product is a 40 to 60 page certified text report and the supporting Excel spreadsheet that list all values by line item.
PA LEVEL 3 - A Certified Appraisal with the value assigned to the total inventory as well as to various sub-groups, consignment codes or lots. The final product is a 40 to 60 page certified text report. Excel spreadsheets listing individual line items are not provided.
The appraiser will perform a 1 day site inspection that includes a walk through of the facilities, meetings with warehouse/owner personnel, review of proper storage, tagging and other local procedures.
PA LEVEL 4 - A Certified Appraisal with the value assigned to the total inventory as well as to various sub-groups, consignment codes or lots. The final product is a 40 to 60 page certified text report along with the supporting Excel spreadsheet that list all values by line item.
The appraiser will perform a 1 day site inspection that includes a walk through of the facilities, meetings with warehouse/owner personnel, review of proper storage, tagging and other local procedures.
PA LEVEL 5 - A Certified Appraisal with the value assigned to the total inventory as well as to various sub-groups, consignment codes or lots. The final product is a 40 to 60 page certified text report. Excel spreadsheets listing individual line items are not provided.
A Statistical Sampling and inspection of the inventory is performed. The goal is to verify the accuracy of the source database by auditing part conditions, supporting documentation and quantities.
PA LEVEL 6 - A Certified Appraisal with the value assigned to the total inventory as well as to various sub-groups, consignment codes or lots. The final product is a 40 to 60 page certified text report along with the supporting Excel spreadsheet that list all values by line item.
A Statistical Sampling and inspection of the inventory is performed. The goal is to verify the accuracy of the source database by auditing part conditions, supporting documentation and quantities.
PA LEVEL 7 - A Certified Appraisal with the value assigned to the total inventory as well as to various sub-groups, consignment codes or lots. The final product is a 40 to 60 page certified text report. Excel spreadsheets listing individual line items are not provided.
A 100% inventory count and verification is performed.
PA LEVEL 8 - A Certified Appraisal with the value assigned to the total inventory as well as to various sub-groups, consignment codes or lots. The final product is a 40 to 60 page certified text report along with the supporting Excel spreadsheet that list all values by line item.
A 100% inventory count and verification is performed.
Related Forms & Documents
Authorized Release Certificate Airworthiness Approval Tag - FAA Form 8130-3
FAA Form 8130-3 Frequently Asked Questions
Suspected Unapproved Part Report