The Royal Institution of Chartered Surveyors (RICS) Valuation Dispute Resolution Services (DRS) is a service provided by EDS that aims to provide an independent and impartial resolution to disputes arising from the valuation of property, plant, and equipment. It is an alternative dispute resolution (ADR) service that can be used in situations where the parties involved in a dispute are unable to resolve the matter through other means.
EDS’s VDR services are available to anyone who is involved in a dispute relating to the valuation of property, plant and equipment, including property developers, lenders, investors, and other interested parties. The service is designed to be fast, efficient, and cost-effective and is intended to provide a fair and impartial resolution to disputes.
Our VDR services can be used to resolve disputes relating to a wide range of issues, including the valuation of commercial, industrial, and residential properties, disputes over the value of plant and equipment, and disputes over the value of mineral rights and other natural resources.
EDS RICS registered valuers will act as independent third-party neutral experts who will conduct a thorough investigation, gather all relevant evidence, and report on the dispute. EDS experts will then decide on the matter, and the parties will be bound by the decision.
EDS pioneered the valuation review profession—the cornerstone of valuation dispute resolution—and directed the development, writing, and implementation of the valuation review Principals of Valuation and best practices taught to and in use today by professional valuers, legal experts, and government agencies throughout-the-world. Our valuation dispute experts have handled billions of dollars at issue, and our body of work has been cited by U.S. regulators as “The measure by which all valuation reviews should be judged”.
Our RICS Valuation Dispute Resolution specialists are discipline-specific and multidisciplinary valuation experts. All uniquely qualified—well-published—internationally accredited—American Society of Appraisers (ASA), Royal Institution of Chartered Surveyors (RICS), Appraisal Institute (MAI), luminaries in the global valuation community. Our valuation dispute resolution specialists include Uniform Standards of Professional Appraisal Practice (USPAP-USA) and International Valuation Standards (IVS-RICS Red Book) instructors, Value Adjustment Board (VAB) Magistrates, and former state/federal valuation regulatory compliance officers. We hold the only RICS Expert Witness Accreditation Service (EWAS) and Dispute Resolution Service (DRS) certifications in the United States and the Americas—one of only a handful of such certifications in the world.
We provide comprehensive RICS Valuation Dispute Resolution Umpire, Referee, Arbitration, and Mediation, services in all disciplines of valuation and asset classes, tangible and intangible, e.g., Real Estate, Business Valuation, Intellectual Property, Machinery and Equipment, Personal Property, Business Income, and Economic Damages.
We specialize in handling complex multidisciplinary and multi-jurisdictional RICS valuation dispute matters. For example, a business dispute wherein multiple domestic and international locations/jurisdictions (USPAP/IVS (Red Book) and multiple valuation disciplines are at issue, e.g., Real Property, Business Valuation, and Machinery and Equipment. Unlike others, EDS will assign one of its internationally accredited RICS valuation experts from each valuation discipline at issue possessing the requisite jurisdictional and geographic competency to contribute to the process. This ensures independent—credible findings that will withstand scrutiny and challenges from regulatory, judicial, and taxing authorities.
Our Valuation and Advisory Services Group is headed by Executive Managing Director Steven N. Siegler, ASA, FRICS. Mr. Siegler is an Accredited Senior Appraiser (ASA) and was honored to serve as the founding International Chairman of Appraisal Review and Management (ARM) for the American Society of Appraisers from 2002-2011. Mr. Siegler co-authored and directed the development and implementation of the ASA’ Appraisal Review and Management Principles of Valuations series of courses and best practices that are now taught to professional valuers, government officials, legal experts, and many others throughout the world.
Additionally, Mr. Siegler holds international valuation accreditation as a Fellow, Royal Institution of Chartered Surveyors (FRICS), and he is the only RICS accredited expert witness in the United States and all of the Americas—one of only a handful of such expert witnesses in the world holding the much-coveted RICS Expert Witness Accreditation Service (EWAS) and Dispute Resolution Service Certifications.
When, as part of Dodd-Frank, the Federal Deposit Insurance Corporation (FDIC) acting for and on behalf of the U.S. Federal Reserve and all inter-agency regulators sought the expertise to develop, implement and monitor the new National Appraisal Ordering and Appraisal Review Protocols for the United States and all U.S. territories, it came to Mr. Siegler and EDS.
Mr. Siegler holds TS Clearance with the U.S. Government, and he is uniquely qualified to practice before U.S. Government agencies in national security-related valuation and other special matters.
Steven is an Elite-Rated member of the peer-voted Super Appraisers® Global Network of internationally-recognized appraisal expert witness luminaries. He has served as a valuation expert witness in U.S. state and federal courts, at international tribunals, and in valuation-related Alternative Dispute Resolution, and he has personally prevailed in billions-of-dollars at issue in some of the world’s most important—high-profile—and valuable valuation-related cases.
Engaging the correct RICS Valuation Dispute Resolution expert is critical. EDS’s unparalleled level of valuation expertise is recognized and appreciated in boardrooms and courtrooms throughout the world, and U.S. regulators have cited our body of work as “The measure by which all appraisal reviews should be judged.”
Our RICS Valuation Dispute Resolution services are a cost-effective, out-of-court, alternative dispute resolution format that helps parties resolve complex and contentious valuation matters fairly, equitably, and unbiasedly.
We welcome the opportunity to bring this level of RICS Valuation Dispute Resolution expertise to you.