STUDY ON PREPARATION OF BUILDING VALUATION REPORT IN CONSTRUCTION INDUSTRY
Author(s):
D.SAKTHIVEL, M.SANTHOSH, K.MUTHUPRANESH
Keywords:
Valuation, Commercial Valuation Report, Sample Report, Valuation Practice.
Abstract
A valuable techniques is determined in industry sector mainly includes type and source of construction work take place in building work, its infra-structure, strength of materials during site work , size , shape and frontage, width of the road way or boundary , the quality of construction materials during project work and present day utilized cost of materials. Valuation is the technique of determining the fair price such as building, a factory, other engineering structures of various types, land etc. By valuation the present value of a property is defined. . Cost: means original cost of construction work .The valuation calculation mainly accounts on the plinth and building and nature of wall thickness and methods used during floor, roof, doors and ,windows etc. The valuation of any work is calculated on working out its price or construction economy at daily day rate and allowing a suitable depreciation property is major external users of multi-commercial valuation report to assess the client perception of quality building in multi-commercial economy of valuation reports. Valuation reports are important key factor in investment decision making during project. Hence, the issue of professional valuation practice standards and its life time of valuation reports are of fundamental sig current marketable economy.A method is to evaluate the property where there is a development in potential, so cost of property during development will be increased more than that of expenditure incurred. ,Ex: a large portion land is divide into small plots and developed fully so provide plots of land for a residential Colony or a huge complex of multi-storied buildings, housing ownership flats in a Co-operative Housing Society.
Article Details
Unique Paper ID: 149107

Publication Volume & Issue: Volume 6, Issue 11

Page(s): 6 - 11
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Volume 7 Issue 1

Last Date 25 June 2020


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