Facility Audit Program
Program Overview
tagX creates a customized Facility Audit program for each client to swiftly inventory and value assets. With our approach, clients can maximize efficiency and minimize the “headaches” related to the equipment audit and valuation of assets.
Phase One: tagX works in conjunction with companies to arrange a complete Facility Audit of the Furniture, Fixtures & Equipment (FF&E) at Ten Locations.
Phase Two: Based on the information gathered in Phase One, tagX will then provide a complete analysis and valuation of the equipment and project for the locations.
Program Elements
tagX’s team will visit locations and conduct a detailed Facility Audit. This includes: creating a Master Inventory List of all key Furniture, Fixtures & Equipment (FF&E) at the location, Photo-documentation Key item documentation of Make, Model & Serial Number.
Ongoing Operating Entity Value (OOEV): – an opinion of the gross dollar amount, in cash equivalents, of each asset as a part of a complete working establishment.
Fair Market Value (FLV): – is often an estimate of what a willing buyer would pay to a willing seller, both in a free market, for an asset or any piece of property.
Orderly Liquidation Value (OLV): an opinion of the gross dollar amount that will be generated if there is an ability for an orderly liquidation of the assets.
Distressed Liquidation Value (DLV): an opinion of the gross dollar amount that will be generated if there is a need for the immediate liquidation of the assets.
Clients Served
