A valuation guide for machinery used in building and infrastructure projects provides pricing information for used assets. It includes details on different types of machinery, such as excavators, loaders, and bulldozers, along with their specifications and pricing based on age, condition, and location. An example would be researching the estimated resale value of a 2015 Caterpillar D6T bulldozer with 5,000 hours of usage in good working order within the state of Texas. The guide provides an estimated price range.
The significance of such a resource lies in its capacity to inform decision-making in the buying, selling, and appraising of assets. It enables more accurate pricing for both buyers and sellers, fostering transparency in transactions. Its historical development is rooted in the need for standardized and reliable valuation methods within the construction industry, addressing issues of price discrepancies and information asymmetry. It also aids in securing financing, insurance, and asset management.