Independent IVS and IAS 16 compliant plant and machinery valuation across UAE and GCC – for IFRS reporting, bank financing, insurance, M&A, and liquidation. Physical asset verification, barcode and RFID asset tagging, and inventory management for UAE and GCC businesses. Fixed fee. Fast turnaround. CFA Charterholder-led.
We cover the full tangible asset lifecycle – from fair value determination and physical inspection to barcode tagging and inventory reconciliation.
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Plant & Machinery Valuation
Independent IVS and IAS 16 compliant valuation of manufacturing plant, processing equipment, construction machinery, and industrial assets. We determine fair value, depreciated replacement cost (DRC), and insurance reinstatement value using current market data and a physical site inspection.
IAS 16 / IFRSBanksInsuranceM&A
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Physical Asset Verification
We physically inspect and confirm every asset recorded in your fixed asset register (FAR). Ghost assets (disposed items still on books), unrecorded additions, and misclassified assets are identified and reconciled. Essential before audits, financing events, M&A transactions, and IFRS restatements.
FAR ReconciliationAudit ReadyPre-M&A
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Asset Tagging
We assign unique identification codes to each physical asset using durable barcode labels, QR code labels, or RFID tags. Each tag links to a complete asset record containing asset class, description, location, condition, acquisition date, and valuation data. Supports ongoing asset tracking and audit readiness.
Barcode TagsQR Code TagsRFID Tags
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Inventory Tagging & Management
Physical inventory count, verification, and tagging of raw materials, work-in-progress, and finished goods. We reconcile physical quantities against your ERP or inventory records, identify discrepancies, and tag stock items with barcodes or QR labels for ongoing tracking and management.
Stock CountInventory AuditERP Reconciliation
Plant & Machinery Valuation
When Do You Need a P&M Valuation in the UAE?
Most UAE businesses encounter multiple valuation triggers simultaneously. We handle all purposes in a single engagement.
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IAS 16 IFRS Revaluation
Companies using the revaluation model under IAS 16 must periodically engage an independent qualified valuer. We determine fair value for property, plant and equipment, coordinating directly with your Big 4 or mid-tier auditors to ensure the report meets all technical and disclosure requirements.
IFRS ReportingBig 4 Accepted
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Bank Financing & Collateral
UAE and GCC banks require an independent valuation of machinery and equipment offered as collateral. We provide lender-ready reports covering market value, forced sale value, and net realisable value, meeting the specific formats required by major UAE commercial banks and development funds.
UAE BanksCollateral Reports
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Insurance Reinstatement Value
Underinsurance is a significant risk for UAE industrial businesses. We determine the full reinstatement value of your plant and machinery – the cost to replace all insured assets at current market prices – ensuring your insurance coverage is adequate and your premiums are correctly calculated.
Insurance CompaniesReinstatement Value
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M&A Due Diligence
Buyers and sellers in M&A transactions need an independent view of the fair value of tangible assets. We provide machinery and equipment valuations for purchase price allocation, net asset value confirmation, and vendor due diligence – integrated with broader financial due diligence where required.
Buy-SideSell-SidePPA
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Litigation & Dispute Resolution
Courts, arbitration panels, and DIFC dispute resolution proceedings require independent expert valuations of plant and machinery. Our reports meet evidentiary standards for UAE courts, DIFC, and major GCC arbitration centres. We provide expert witness support where required.
UAE CourtsDIFCExpert Witness
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Liquidation & Distressed Assets
Liquidators, receivers, and creditors need rapid, credible valuations of plant and machinery in distressed situations. We provide orderly liquidation value and forced sale value assessments on accelerated timelines, supporting insolvency practitioners and courts across UAE and GCC.
LiquidatorsReceiversFast Turnaround
Asset Types We Value
Manufacturing, Industrial & Commercial Assets
We cover the full range of tangible operating assets across all UAE industrial and commercial sectors.
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Manufacturing Plant
Production lines, assembly systems, CNC machines, stamping and forming equipment, extrusion lines, mixing systems, reactors, kilns, furnaces, and process plant across food, chemicals, plastics, metals, and construction materials.
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Construction & Heavy Equipment
Cranes, excavators, bulldozers, graders, compactors, concrete mixing plants, asphalt plants, piling rigs, pumps, generators, and heavy vehicles used in construction, infrastructure, and civil engineering projects across UAE and GCC.
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Electrical & Mechanical Systems
Transformers, switchgear, HVAC systems, compressors, pumping systems, power generation equipment, UPS systems, and utility infrastructure within commercial and industrial facilities.
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IT & Technology Assets
Servers, networking infrastructure, telecom equipment, security systems, and specialised IT hardware. Valued on a depreciated replacement cost basis for IFRS reporting, insurance, or M&A purposes.
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Logistics & Material Handling
Forklifts, racking systems, conveyors, automated storage systems, weighbridges, vehicles, trailers, and warehouse handling equipment used in logistics, distribution, and supply chain operations.
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Medical & Laboratory Equipment
Diagnostic imaging, surgical equipment, laboratory instruments, and specialised medical technology for hospitals, clinics, and diagnostic centres. Valued to IVS standards for insurance, financing, and IFRS reporting.
Who We Work With
Banks, Corporates, Courts & Insurers Across UAE & GCC
Our P&M valuation and asset services are designed for institutions and businesses with compliance, regulatory, or transactional requirements.
Financial Institutions
UAE & GCC Banks and Lenders
Commercial banks, Islamic banks, development banks, and private lenders requiring collateral valuations of plant and machinery for new facilities, annual reviews, and credit monitoring. Reports formatted to meet specific bank credit committee requirements.
Manufacturing & Industrial
Corporates & Family Businesses
UAE and GCC manufacturers, processors, and industrial companies requiring IAS 16 valuations for IFRS reporting, insurance assessments for annual policy renewals, and pre-M&A valuations for transactions. We work with businesses across food, chemicals, plastics, metals, and construction.
Insurance
Insurance Companies & Brokers
UAE and international insurers and brokers requiring reinstatement value assessments of industrial plant and machinery for policy underwriting and renewal. We provide clear, insurer-ready reports covering asset specifications, condition, and full replacement cost at current market prices.
Legal & Insolvency
Courts, Liquidators & Receivers
UAE courts, DIFC dispute panels, insolvency practitioners, and appointed receivers requiring independent expert valuations of tangible assets. We provide orderly liquidation value and forced sale value on accelerated timelines, with full expert witness support where required.
Audit & Advisory
Big 4 & Mid-Tier Audit Firms
Audit and advisory firms engaging Corvian Advisory as an independent specialist valuer to support IFRS reporting, purchase price allocation, and impairment testing for their clients. We coordinate seamlessly with audit teams and respond directly to auditor queries.
Public Sector
Government & SOEs
Government-linked entities, sovereign wealth funds, and state-owned enterprises requiring asset verification, revaluation, and tagging as part of IFRS adoption, privatisation, or asset management programmes. We have experience working within government procurement and approval frameworks.
How It Works
Four Steps from Enquiry to Delivered Report
Clear scope, fixed fee, and agreed timeline before we begin. No surprises.
01
Scope & Brief
We discuss asset types, quantity, purpose, and timeline. Fixed fee agreed and engagement letter signed before any work begins. FAR or asset list provided at this stage.
02
Site Inspection
Our valuer visits your facility, physically inspects all assets, records condition, specifications, and age. For tagging engagements, labels are applied during the site visit.
03
Analysis & Modelling
Depreciated replacement cost, market value, or insurance reinstatement value calculated using current market data, manufacturer pricing, and IVS methodology. FAR reconciliation completed.
04
Report Delivery
IVS and IAS 16 compliant report delivered in PDF and editable format. Asset register in Excel with full asset data. Accepted by UAE banks, Big 4 auditors, insurance companies, and UAE courts.
Indicative Fees
Fixed Fee, Agreed Before We Start
No hourly billing. No surprises. All fees confirmed in your engagement letter.
P&M Valuation
AED 8,000+
From USD 2,200
Single facility, up to 200 assets. IAS 16, insurance, or bank financing.
✦Physical site inspection included
✦IVS and IAS 16 compliant report
✦Asset schedule in Excel format
✦Delivery in 5–10 working days
Most Common
Verification + Valuation
AED 18,000+
From USD 4,900
Combined FAR reconciliation, physical verification, valuation, and asset tagging. Up to 500 assets.
✦Full FAR reconciliation
✦Ghost asset identification
✦Barcode or QR asset tagging
✦IVS compliant valuation report
✦Updated FAR in Excel
Multi-Site / Large Asset Base
AED 35,000+
From USD 9,500
Multi-facility, 500+ assets, complex industrial plant, or GCC-wide engagement.
✦Multi-site coordination
✦RFID tagging available
✦Inventory tagging included
✦Dedicated engagement manager
✦GCC travel covered in quote
Fixed fee, agreed upfront. All fees are confirmed in your engagement letter before work begins. Travel, site visits, and report delivery are included. No hourly billing. Complex or bespoke engagements quoted individually – contact us for a no-obligation scoping call.
Client Feedback
What Our Clients Say
★★★★★
"We engaged Corvian for a full plant and machinery valuation for our IAS 16 revaluation. They covered our entire Dubai facility in 3 days, delivered a comprehensive report, and our Big 4 auditors accepted it without comment."
CFO
UAE Manufacturing Group
★★★★★
"Corvian ran a full asset verification and barcode tagging exercise across our two UAE plants. They reconciled over 1,400 assets against our fixed asset register and cleaned up 8 years of unrecorded additions. Exactly what we needed before our audit."
Finance Director
GCC Food & Beverage Group
★★★★★
"We use Corvian for machinery collateral valuations on our industrial lending book. Their reports are thorough, well-structured, and our credit committee has never had to send one back for clarification."
Head of Credit
UAE Regional Bank
UAE
All Emirates
Saudi Arabia
Riyadh · Jeddah · Dammam
Qatar
Doha · Qatar-Wide
Kuwait
Kuwait City · Kuwait-Wide
Bahrain & Oman
Full GCC Coverage
Frequently Asked Questions
Common Questions About P&M Valuation & Tagging
How much does plant and machinery valuation cost in the UAE?+
Plant and machinery valuation fees depend on asset count, complexity, and purpose. Single-facility valuations typically start from AED 8,000. Combined verification, valuation, and tagging engagements for up to 500 assets start from AED 18,000. Multi-site or complex industrial valuations are quoted individually. All fees are fixed and agreed before work begins – no hourly billing.
What is IAS 16 plant and machinery revaluation?+
Under IAS 16, companies using the revaluation model for property, plant and equipment must engage an independent qualified valuer to assess fair value periodically. Corvian Advisory prepares IAS 16 compliant valuations for plant and machinery, determining fair value using the depreciated replacement cost (DRC) method or market approach, and coordinating with your Big 4 or mid-tier auditors throughout.
What is asset verification and why does my company need it?+
Asset verification is the physical inspection and confirmation that assets recorded in your fixed asset register (FAR) actually exist on the ground. Many UAE companies carry ghost assets – items that have been disposed of, scrapped, or lost but remain on the books – as well as unrecorded additions purchased outside normal procurement. Asset verification reconciles the physical reality with your FAR before audits, financing events, M&A transactions, or IFRS restatements.
What types of asset tags do you use – barcode, QR, or RFID?+
We recommend the appropriate tag type based on your environment, asset type, and operational requirements. Barcode labels are cost-effective and suitable for most office, warehouse, and light industrial environments. QR code labels provide additional data capacity and are scannable with smartphones. RFID tags are recommended for high-volume asset bases or environments requiring hands-free scanning (dusty, wet, or high-traffic areas). Tags are applied during the site visit as part of the engagement.
What is inventory tagging and how is it different from asset tagging?+
Asset tagging covers fixed assets that appear on your balance sheet as capital items – plant, machinery, equipment, furniture, and IT hardware. Inventory tagging covers stock items – raw materials, work-in-progress, and finished goods. Both can be completed simultaneously in a single site visit to minimise disruption. We also reconcile physical inventory counts against your ERP or inventory management system and identify discrepancies.
How long does a plant and machinery valuation take in the UAE?+
Site inspection typically takes 1–3 days per facility depending on asset count. Full valuation report delivery: 5–10 working days from inspection. Asset verification and tagging timelines depend on asset count – most UAE facilities of up to 500 assets are completed within 3–7 days. Multi-site and GCC-wide engagements are planned and timed to minimise operational disruption. All timelines are agreed in writing before work begins.
Do you provide plant and machinery valuation across GCC?+
Yes. Corvian Advisory provides plant and machinery valuation, physical asset verification, and asset tagging across all GCC markets – Saudi Arabia (Riyadh, Jeddah, Dammam), Qatar (Doha), Kuwait, Bahrain, and Oman, in addition to all UAE emirates. GCC travel costs are included in your fixed fee quote.
Will your P&M valuation be accepted by UAE banks and Big 4 auditors?+
Yes. All reports are prepared to IVS (International Valuation Standards) and IAS 16 requirements and are accepted by UAE banks for collateral purposes, by Big 4 and mid-tier auditors for IFRS reporting and audit, by insurance companies for reinstatement value assessments, and by UAE courts and DIFC for dispute resolution. We coordinate directly with your auditors or bank's credit team throughout the engagement.