RPC Calculation of Present Value Damages Consultants
Ronald T. Luke
JD, PhD
President
Brian Piper
PhD
Senior Consultant
Angela VanDerwerken
PhD
Senior Consultant
Calculation of Present Value
For either medical or vocational damages it is necessary to calculate damages in future dollars and then discount these future damages to present value as of the time of trial. RPC has expert economists who are able to bring all damages calculations to present value. We compute different inflation rates for specific goods, services and wages. Our procedures ensure consistency between the inflation and discount rates used. The time series data used in these calculations of damages are continuously updated as government agencies publish new statistics. We also take the particular facts of each case into consideration to ensure the most accurate data and practices are used in our calculations.
For more information, contact Athenna Dill, Personal Injury Case Manager, 512.371.8005, adill@rpcconsulting.com.
RPC Calculation of Damages and Present Value Blogs
Establishing Damages for Lost Household Services
Lost household services are frequently an element of economic damages in personal injury and wrongful death cases. Attorneys on both sides of a case may benefit from asking the injured party or the survivors questions to obtain facts an economist needs to calculate lost household services. The RPC Questionnaire on lost household services can assist plaintiff and defense attorneys to gather the necessary facts.
Accounting for Normal Expenses in Life Care Plans
This blog post discusses several needs where costs may be overstated if the additional costs due to the injury are not separated from a person’s normal expenses.
Loss of Earning Capacity for Oil & Gas Workers
When the injured party works in the oil and gas industry, using earnings data for the past few years can significantly overestimate or underestimate future earning capacity.