W.E. Valuation Services for Professional Appraisals, Australia Wide
Profile
The owner and director of W.E. Valuation Services Pty Ltd I have over 30 years’ of experience in the Plant and Equipment Valuation and Auctioneering Industry.
I commenced my career in the industry in 1984 where I spent 3 years learning the industry and graduation through the processes before moving on to a 28 year stint serving in several Management and Senior positions in both the Valuation and Auction departments.
Wayne Eddy
Accredited Senior Valuer
ASA Machinery & Equipment Specific
During my 31 years I have built and extensive knowledge and expertise spanning banking and finance, administrations and liquidations, matrimonial disputes, mergers and acquisitions, tax consolidation insurance, company reporting and asset management.
I have project managed some of the largest Valuations and Auctions held throughout Australia including Ansett Airlines, Compass Airlines, Australian Defence Industries, etc.
I have completed over 3000 valuation reports and over 1500 auction sales ranging from single item projects to multi 1000 item projects.
An accredited senior valuer I have developed a reputation and respect for my deep understanding of the industry and therefore made the decision to start W.E. Valuation Services Pty Ltd creating the opportunity to personally deliver the highest quality of service and expertise.
Accreditation and Certification
- American Society of Appraisers [ASA]
Accredited Senior Valuer Machinery & Technical Specialist/Machinery & Equipment.
- ASA Certificate in Introduction to Machinery and Equipment Valuation.
- ASA Certificate in Machinery and Equipment Valuation Methodology.
- ASA Certificate in Machinery and Equipment Valuation- Advanced Topics and Report Writing.
- ASA Certificate in Advanced Mining.
- ASA Certificate in National Uniform Standards of Professional Appraisal Practice.
- Certificate in Project Management.
- Current working with Children check.
![American Society of Appraisers [ASA] certified.](../images/we-valuations-certified.png?crc=171601812 "Certified seal")
Experience
Construction
Civil Engineering, Earthmoving, Mobile and tower Cranes, Personnel Access equipment etc.
Food, Beverage and Hospitality
Abattoirs, solid and Liquid food processing and Packing, Wine and Beer processing and Bottling plants, General beverage Bottling, Dairy Plants, Cheese processing, Confectionary manufacturing, catering /meals on wheels facilities, Powder Products Processing, Fast Food Facilities, Hotels, Motels Pubs and Clubs, Entertainment and Sporting Venues, Supermarkets.
Forestry
Harvesting and Forwarding Plant, Entire Milling Plants, Vegetation and Plantation Management Equipment.
AREAS OF EXPERTISE
30 years of experience with a diverse knowledge of experience in the following industries.
General
Office and Domestic Furniture, Computers and electronic office and Domestic Equipment, Amusement Rides and Arcade Machines, Chemical processing plants etc.
Manufacturing
Metal, Wood, Rubber and Plastic. Steel Mills, Galvanising plants , Sheet Metal and Welding Fabrication, Repetition and General Engineering, ammunition Manufacturing, Bearing Manufacturing, Die Casting etc. Furniture and Kitchen Manufacturing, Prefab Building Frames and Trusses. Rubber Flooring and Matting, Rubber Extrusion etc. Plastic Extrusion, Injection and Blow Moulding.
Mining
Above ground and underground mobile plant, exploration and drilling Rigs, Crushing and Quarry Equipment.
Motor Vehicle
Car Manufacturing, Servicing and maintenance plants, Panel Beaters, Vehicle Dealerships, Service Stations, Car Hire and Taxi Fleets.
Printing
Offset and Web Printing, Flexographic and Gravure Printing, Bindery and Finishing, Prepress etc.
Textiles
Clothing and Footwear Manufacturing and retail outlets, Skin and Hide Processing, Fabric Dying, Circular Flatbed and hosiery Knitting Plants, Weaving, Manchester and Bedding manufacturing, Carpets Curtains and Blinds manufacturing, Screen Printing.
Transport
Freight and Passenger Road, Rail & Air.
Valuation Reports
Reports for Banking and Finance purposes, Receiverships and Liquidations, Mergers and Acquisitions, Tax Consolidation, Matrimonial Dispute, Insurance, Company reporting, Asset Management etc.
USPAP Compliant and ASA Accredited, Plant and Equipment Valuations
USPAP
The Uniform Standards of Professional Appraisal Practice (USPAP) standards and code of ethics is one of the few internationally recognized and accepted systems available to professional valuers. It details the necessary steps and reporting requirements required for all practicing appraisers – both for real and personal property valuers.
To be compliant with USPAP valuers must
- Act ethically and impartially
- Not accept an assignment with a predetermined valuation opinion
- Not accept contingent fees
- Protect the confidentiality of their client and ensure that confidential information is not disclosed to anyone other than the client
- Always consider the here approaches to value
- Collect, verify, analyse all available information in order to determine a credible opinion of value
- Clearly state any limiting conditions or assumptions made during the valuation
- Write concise reports which can be easily followed and clearly understood by the client
In short USPAP is designed to “promote and maintain a high level of public trust in valuation practice by establishing minimum requirements for appraisers. Valuers must develop and communicate their analysis, opinions and conclusions to clients and intended users of their services in a manner that is both meaningful and not misleading”. (Appraisal Standards Board USPAP Publication July 1, 2006)
American Society of Appraisers
Transcribed from the ASA website:
http://www.appraisers.org/
About the ASA
“The American Society of Appraisers is an organization of appraisal professionals and others interested in the appraisal profession. International in structure, it is self-supporting and independent. The oldest and only major appraisal organization representing all of the disciplines of appraisal specialists, the society originated in 1936 and incorporated in 1952”.
“The American Society of Appraisers is committed to fostering professional excellence in its membership through education, accreditation, publication and other services. Its prestige is intended to contribute to the growth of its membership and to the appraisal profession.”
“When you hire an ASA – accredited appraiser, you are assured the best valuation expertise on the market, because ASA-accredited appraisers bring knowledge of the market and profession, experience, and solid reputation to the job.”
Why is it important to get a professional appraisal?
“In the appraisal world as is true everywhere else – you get what you pay for. Accredited appraisers take time to research the background of your possessions and understand the market for them. Qualified appraisers do not guess at values on the spot.”
“there are many people who call themselves appraisers but who are not accredited and have no formal training. It is important to hire an appraiser who is accredited by a reputable valuation organisation like the America Society of Appraisers (ASA). Members of ASA adhere to the strictest ethical standards and are required to have years of experience, education and training before they are accredited.”