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F.A.Q.'s
Q: What does GGP mean by "Effective Equipment Management" and "Asset Management?"
A: GGP Global LLC is in the business of Asset Management (or Effective Equipment Management). In a nutshell, GGP helps companies manage their physical assets throughout the asset lifecycle- whether they are leased or corporate assets and your company is a lending institution or the end user of the assets. Our portfolio of services covers the entire lifecycle of assets- from procurement through valuation and disposition. In addition, GGP also provides the consultative and management services that are unique to physical assets and their lifecycle, including restructures and workouts.
Q: What are GGP Global’s "Simple Straightforward Services?"
A: Our services are grouped into three categories:
- Equipment Management: We do this in a number of ways to answer the ‘What,’ ‘Where’ and ‘How Much’ of any physical asset. This service helps our customers reconcile lease schedules and inventory data with physical inspections and valuations of equipment in place/in use or in storage.
- Management Services: Assisting our clients (whether lenders or lessors or companies with corporate assets) through the process of a default or wind-down, bankruptcy, or merger/acquisition. Our goal in any of these scenarios is the development and management of a maximum return exit strategy).
- Disposition Services: Finding the right buyers for your surplus equipment assets can be difficult and time consuming. GGP utilizes a team of equipment specialists and marketing experts combined with a number of disposition strategies to bring the maximum return on investment to our clients.
Q: How does GGP Global help my company save money?
A: We will break it down two ways:
- If your company is a Lending Institution, GGP can assist you by preparing an up to date asset inventory including condition reports with photographs, asset tags, and current valuations. These reports can be reconciled with your internal records to determine any shrinkage or other discrepancies. All this information can be used to adjust insurance and tax costs, and to judge the overall cost effectiveness of a portfolio. In the event of any future default scenario, the inventory will become a valuable tool in the recovery of your investment.
- If your company is a Lessor or Company with Corporate Assets, GGP can assist you by preparing an up to date asset inventory including condition reports with photographs and asset tags, and current valuations. These reports can be reconciled with your internal records to determine any shrinkage or other discrepancies. (and the Lender, if necessary). All this information can be used to adjust insurance and tax costs and can be of substantial value when in discussions with current and prospective lenders. In the event of any future default scenario, the inventory will become a valuable tool in distinguishing corporate assets from leased assets.
Q: What is GGP Global’s typical timetable on an assignment?
A: Because asset management is our core competency, GGP Global can be on the job within 24 hours of your call. We have the international network of qualified partners necessary to complete your assignments anywhere in the World, given the timeliness that your project requires. Before we begin any assignment, the GGP Partner managing your assignment will give you an honest project time estimate along with a fee quote.
Q: How is GGP Global paid?
A: GGP Global’s fee structure varies by assignment type:
- Equipment Management and Management Services are billed on a per diem basis.
- Disposition of equipment is commission- based.
- At auction, GGP shares in the auctioneer’s commission. GGP does not charge any additional fees.
- We also work on a retainer basis with exclusive contract.
For more information, or to schedule a consultation, please contact us at: 808-987-9171 or info@ggpglobal.com
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