Obsolete Equipment – How to establish pre-existing condition of “bone yard” assets

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  Many organizations have a tendency to become pack rats, especially when they have surplus storage space.  While most of the corporate hoarders have learned to purge their dated documents, very few have adopted the practice of purging obsolete electronic … Read More

Restoration contractors gone wild!

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You’d think that someone claiming to specialize in equipment restoration would understand basic math and economics. Third time in as many weeks that I’ve witnessed technicians “restoring” keyboards valued at $10. Even using their logic (“we only took 5 minutes to restore … Read More

6 Components of Large Machinery/Equipment Recovery Projects

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  Regardless of complexity, all large recovery projects involving industrial equipment/machinery assets can be broken down into  a series of small task-specific components.  The 6 basic components identified below provides a solid foundation to initiate and control the recovery process. … Read More

5 Golden Rules of communicating with OEM’s after a disaster

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  Relying upon the Original Equipment Manufacturer (OEM) or their representatives to provide unchallenged loss assessments generally results in unjustified replacements and excessive claim settlements.  I have found that over 80% of equipment/machinery that OEM’s declare as “irreparable” are, in … Read More

Coming clean in a dirty industry – Part 2

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  Topping the list of “things the restoration contractor doesn’t want you to know” is that an Insured can (and often times should) elect to pocket the money instead of paying the restoration contractor to restore equipment assets.   I encountered an interesting … Read More

Coming clean in a dirty industry – Part 1

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Consider this scenario… A full-service precision machine and fabrication shop experiences a small fire in one of its CNC Machining Centers. The fire was quickly extinguished, but produced a light smoke residue dispersed throughout the facility. The Insurance Company dispatched an Adjuster … Read More