Steve Barreca

Stephen (Steve) Barreca is the founder and president of BCRI Valuation Services, BCRI Inc. He has successfully served his clients for over 40 years.

Mr. Barreca is internationally recognized for his extensive experience in the areas of economic life analysis, technology forecasting, and depreciation and valuation theory and practice. He is the principal developer of the methodology used to combine multiple forces of mortality (e.g., economic and/or technological obsolescence with physical depreciation) into a composite LifeCycle, primarily for the purpose of determining the economic or service lives of any type of asset.

Mr. Barreca has conducted or managed valuation and economic life studies of various type of assets with an aggregate value in excess of a Trillion dollars. His list of clients include some of the largest corporations in the world as well as state and local governments in both the U.S. and Canada. Additionally, Mr. Barreca has conducted numerous training classes and workshops on these topics both in North America and Asia.

Mr. Barreca has been accepted as a legal expert in the areas of economic life analysis, personal property valuation, assessment of functional and technological obsolescence, depreciation theory and practice, depreciation table development, technology forecasting, telecommunications network capital budgeting, telecommunication engineering & construction practice, and the regulation of public utilities. He has successfully testified in utility rate cases involving many billions of dollars of revenue, and numerous property tax administration hearings and civil litigation.

Before forming BCRI Inc. in 1998, Mr. Barreca was Vice President – Communication Technology Strategies for Technology Futures Inc. (TFI) responsible for overseeing TFI’s telecommunication research studies. These studies included long-range strategic planning and assessments of technological change, functional obsolescence, economic life studies, as well as depreciation and valuation assessments. Mr. Barreca’s duties also included teaching training seminars and providing executive briefings to clients.

Prior to joining TFI, Mr. Barreca spent 20 years at BellSouth Telecommunications in various engineering, strategic planning, regulatory and depreciation capacities. Mr. Barreca’s extensive experience and expertise includes, but not limited to:

Forecasting the evolution of emerging technologies, and qualifying the implications of technological change on Marketing & Strategic planning, Capital Recovery & Budgeting, and other critical business functions.
- For instance: Circa 1994, Mr. Barreca accurately projected consumer Internet access speeds through 2015 and beyond.
Assessing Functional, Economic, and Technological Obsolescence of various types of assets.
Conducting and managing asset obsolescence and depreciation & valuation studies involving over a Trillion dollars in aggregate value, including Telecom, Utility, Power Plants, Power Plant Generators, Computers, and other types of assets.
Group depreciation and accounting practice, including mortality/actuarial studies and the development of vintage retirement unit costs.
Mass Appraisal techniques for personal property.
Determining the economic and useful service life expectancies of various types of equipment.
Development of Depreciation and Percent Good Tables in support of Capital Recovery and valuation studies.
Residual Value and Salvage Studies.
Telecommunications Outside Plant Engineering

Mr. Barreca has presented at numerous industry forums including the International Association of Appraising Officers (IAAO), the annual Wichita Tax Conference, the USTA (United States Telephone Association) Network Planning Conference, the USTA Capital Recovery Conference, the IBC (International Business Communication) Asia Workshop, the International Engineering Consortium’s World Forum, the Society of Depreciation Professionals, the American Society of Appraisers, the International Property Tax Institute (IPTI), and others.

He has taught training seminars on economic life analysis, depreciation, valuation and function obsolescence at industry association conferences, professional society conferences, and public training courses; and is the primary author of the Society of Depreciation Professionals LifeCycle Analysis training course. Additionally, his studies have been published in numerous trade magazines and professional journals. Mr. Barreca has presented and/or testified before the FCC, several State/Province Public Service Commissions, various Valuation hearings, and before the Florida Senate Subcommittee on Telecommunications Reform.

Mr. Barreca is past President of the Alabama and Mississippi Chapters of the American Society of Appraisers (ASA), past President of the Society of Depreciation Professionals (SDP) and a member of several industry associations including the International Association of Appraising Officers (IAAO) and the Institute of Electrical and Electronic Engineers. Mr. Barreca is an Accredited Senior Appraiser (ASA), a licensed Professional Engineer (PE), and a Certified Depreciation Professional (CDP). He received a BSEE degree from the University of New Orleans.

Stephen Barreca
Founder & President

Publications