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• Researching the marketplace for each of the assets identified on-site. Such research includes <br />reference to a variety of publications as well as discussions with individuals knowledgeable about <br />the market for the assets (Marcus Pigrom and Cory Wiles and/or Enno Palm -Leis will do the <br />research); <br />• Coordinating with other appraisers to avoid duplication of compensation (Marcus Pigrom will <br />coordinate with other appraisers); <br />• Applying valuation methods including the Market Approach and Cost Approach to the subject <br />assets (Marcus Pigrom and Cory Wiles and/or Enno Palm -Leis will apply the valuation <br />methods); and <br />• Preparing the appraisal report for submission (Marcus Pigrom and Cory Wiles and/or Enno Palm - <br />Leis will complete the report preparation). <br />• Report review — A member of the Goodwill Department will perform a secondary review of all <br />Fixture and Equipment appraisal reports. <br />D Project Schedule <br />The schedule for completion of a fixtures and equipment appraisal can vary widely depending upon the <br />complexity of the business appraised and the degree of cooperation from the business' ownership. It is <br />our experience that, assuming full and timely cooperation from all parties, an appraisal can be completed <br />within 30 days of a client's authorization to proceed. DM&A actively communicates project status with <br />clients via email, conference calls, or any other means preferred by the client. To the extent any data or <br />information necessary for an appraisal is not forthcoming, we will notify City officials in a timely manner <br />such that steps can be taken to obtain the necessary data. Budgetary estimates can generally be completed <br />within 20 to 30 days. <br />18 <br />