Fees and Payment 


Fees are based on the number of hours required by each staff member to complete the appraisal assignment.  The fees will be different for every case and may range from $2,000 to $10,000 or more, depending on the complexity of the business entity, its capitalization and the purpose of the valuation.


Fees are never contingent upon the values reported.


Our quotations typically provide estimated and "not-to-exceed" fees.  We prepare estimates for services only after we have had an initial discussion about the business and certain information about it has been supplied.


We always confirm the fees and the nature and scope of the assignment in a written "Letter of Agreement."  A retainer of 50% of the estimated cost of the appraisal is required as confirmation of our "Letter of Agreement."  The balance of the fee is payable upon completion of the assignment.


The time required to complete the work will vary in each assignment.  It could be from four to five weeks to as long as 15 or 20 weeks.  A norm is perhaps six to eight weeks after receipt of all required data.


Fees for an appraisal report do not include preparation for, or testimony in, court proceedings.  These costs are quoted separately, but on a similar basis.