Appraisal Report Workflow

Some users of valuation services from Sumertadana and partners appraisal and valuation firm often ask questions about the process of preparing valuation reports. 

How does Sumertadana and Partners Appraisal and Valuation Firm produce reports? 

What steps they must follow after submitting documents?

This is normal, especially when using valuation services for the first time. A common obstacle is when service users are unclear about what our professional appraisers do.

Our appraisers prepare valuation reports through structured stages. Each stage follows the Highest and Best Use principle and applicable valuation standards.

Read also: Highest and Best Use Analysis

The stages of preparing the appraisal report are as shown in the diagram above, and will be explained in detail below in accordance with the diagram.

1. Initial Consultation

   Clients may contact us through our official phone number, WhatsApp, or email.
   During this stage, we discuss:

   • The Valuation Purpose
   • The Type of The Asset
   • Required document

   We guide clients before they submit any documents

2. Data Received

   Clients need to prepare all documents needed for appraisal reports. These can be sent via WhatsApp, our official email, or delivered directly to our office addresses throughout Indonesia. For selected services, our admin team can collect documents directly. However, we strongly recommend consulting us before sending important files.

3. Data Completeness Check

   Our Admin Team will reviews all submitted documents to ensure the validity of the documents/files provided by the client. This is important because the completeness of the data will greatly affect the assessment results. Therefore, clients are expected to prepare any missing documents and be willing to complete them. Moreover, The data submitted must also be factual, as the Assessment Team will assume that the data from the documents submitted by the prospective task giver is correct.

4. Proposal Issued
   

   Once the documents have been validated, our admin team will issue  a Letter of Offer. This Letter of Offer will state

   • The assigner and user of the assessment report.
   • The object to be assessed, the type and number of documents on the object, and its location.
   • The purpose and objective of the assessment.
   • The basis for the value.
   • The cost of the assessment service and the time frame for its completion.

   This Letter of Offer will be prepared in accordance with applicable standards and codes of ethics.  

   Next, the Client may choose, based on their own considerations, to proceed with or cancel the assessment. If they decide not to proceed with us, all confidential data provided will be kept confidential.

5. Letter of Appointment (SPK) Preparation

   Once the client accepts the offer, both parties sign the Letter of Appointment (SPK).
   The contents of the Letter of Appointment (SPK) are almost the same as the Letter of Offer (SP), except that it is more detailed regarding the points mentioned in the Letter of Offer.
   

6. Down Payment
   

   The down payment follows the agreement stated in the Letter of Appointment (SPK). However, if you are already our loyal customer, we may waive the down payment requirement.

7. Asset Inspection & Survey

   The next step is for the admin team to forward the client’s documents to the Field Inspection Team. At this stage, our officers will directly check the assets to be assessed. Clients may coordinate inspection schedules with our officers. But it should be emphasized that the time specified must not exceed that agreed upon in the Letter of Appointment (SPK).
   During the field inspection process, the client is expected to be present to accompany our Field Inspection Team. However, if the client is unable to attend, they may be represented with prior approval.

8. Valuation Report Preparation
   

   Our Assessment Team will processes all field and document data in accordance with the condition of the assets found in the field. The duration of the work will be in accordance with the contents of the letter of appointment (SPK), which can be 3 to a maximum of 14 working days.

9. Final Payment Settlement

   After completing the report, our Admin Team will contacts the client. The Client need to settle the remaining service fee at this stage.

10. Report Printing & Delivery
    

    We will print and sign the final report. All authorized parties such as  Public Appraiser, Reviewer, Appraiser, and field inspector need to sign the final report as proof that the report provides an accurate opinion of the asset’s condition.The completed report can be picked up by the Client at our office or delivered to the client location by our admin team.

The process of obtaining an asset appraisal report is indeed lengthy, but Sumertadana & Partners Appraisal and Valuation Firm will always provide the best and fastest service assistance to our clients so that the process will not burden them. 

Get the best offers for KJPP Sumertadana and Partners services by placing an order now!

or visiting our address directly on Kebo Iwa Utara Street III Number 64X, Banjar Tegal Linggah, Padang Sambian Kaja, Denpasar-Bali 
KJPP SDR Contact Number