I use a local race & custom shop, they're not BMW experts but with a fairly new and low mileage M2 there isn't really that much to worry about. I also keep a pretty close watch of everything since I'm routinely swapping the pads, fluid and wheels.
My local BMWCCA chapter does require a mechanic certification number on their form, when I run with other groups it's often much less strict. I suppose cost is going to vary a bunch based on what the regular rate is for mechanics in your area. I'd normally expect 0.5-1 hour for an inspection.
I have also had inspections done by more regular mechanics but I do prefer having race shop mechanics do it, they'll have a better idea of what to look for. A regular mechanic is perhaps going to going to be used to checking for more street-type wear and condition.
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