Unduly diligent?

Despite the ever-growing complexity of appraisals, the number of firms needed for due diligence work is shrinking rather than rising. Appraisal and due diligence work in the leasing industry was once concentrated among 3 firms: Deloitte & Touche, American Appraisal Associates, and Marshall &...

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Bibliographic Details
Published in:Asset Finance International 2003-06, p.1
Main Author: Garton, Steve
Format: Article
Language:English
Subjects:
Appraisers
Competition
Consultants
Contract negotiations
Due diligence
Engineering
Equity
Investments
Investors
Leasing
Market segments
Market shares
Present value
Regulated industries
Roles
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Summary:Despite the ever-growing complexity of appraisals, the number of firms needed for due diligence work is shrinking rather than rising. Appraisal and due diligence work in the leasing industry was once concentrated among 3 firms: Deloitte & Touche, American Appraisal Associates, and Marshall & Stevens. Although they have not expanded, appraisers have certainly adjusted their strategy in reaction to the other products on offer. New consultants are still being brought in to support deals. For external consultants, one successful transaction has tended to lead to another, as equity counsel demands the same level of comfort in subsequent deals. The service contract market is very large, and it is certainly possible to win a small piece of this. Demand for due diligence services is not restricted to the service contract opinion.
ISSN:1367-8086