NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
The lifetime of a building The age of a building is considered in working out the cost of the structure “We consider buildings to have a life of 60 years and all design forces are considered for that time period. Most buildings that have come up even 15 years ago are unlikely to survive for […]
STRUCTURAL SAFETY OF BUILDINGS – ALL YOU NEED TO KNOW Read More »
CASE STUDY The Central Bureau of Investigation (CBI) has registered an FIR against ABG Shipyard Ltd and its directors, including chairman and managing director Rishi Kamlesh Agarwal, in what could be the biggest bank fraud case in the history of India. One of the most prominent private sector shipping firms, the firm was booked for
BIGGEST BANK FRAUD CASE BY ABG SHIPYARD; A CASE STUDY Read More »
How Professional Club is helping in choosing the best Advocates near you? You can search for Professionals on the basis of your location, popularity, ratings & reviews on the Professionals Club. To get the best offers from businesses listed with Professional Club Directory, click on the Best Deals tab beside listings and fill up the
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How the Professionals Club is helping in choosing the best CA & other Professionals near you? You can search for Professionals on the basis of your location, popularity, ratings & reviews on Professional Club. To get the best offers from businesses listed with Professionals Club Directory, click on the Best Deals tab beside listings and
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MEANING AND DIFFERENCE BETWEEN EXCESS LAND AND SURPLUS LAND Excess land is land that is not needed to serve or support the existing improvement. Thus, the highest and best use of excess land may or may not be the same as the improved parcel. Excess land is valued separately and may have the potential to
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STRUCTURAL SAFETY CERTIFICATE AND ITS IMPORTANCE When buying or moving into a newly built property, a homebuyer must thoroughly check the construction quality of the project, and one of the best ways to do so is checking the structural safety certificate. With the evolved behavioural and lifestyle patterns, the size of the property and the
STRUCTURAL SAFETY CERTIFICATE AND ITS IMPORTANCE Read More »
Punjab has given me so much that I feel like working harder than I do to pay off its debt,’ said PM Modi in Jalandhar Wanted to pray at Jalandhar temple: PM Amritsar: All the parties have now put their full lives into the electoral battle of Punjab. In the border Sikh-dominated state, the Bharatiya
INFORMATION ON CONTRACTS & JOINT VENTURES USEFUL FOR EXAMINATION PURPOSES COMPILED BY VR VAIBHAV BANSAL CONTRACT A contract defined under Section-2(h) of The Contract Act, 1872(hereinafter referred to as “the act”) means “any agreement which is enforceable by law”. Contracts can be written by using formal or informal terms or could be entirely verbal or
Correlation: Correlation is described as the analysis that informs users about the association or the absence of any relationship between any two variables ‘x’ and ‘y.’ The word correlation combines ‘Co’ (together) and relation (interaction/connection) in context to any two quantities. Correlation between two given variables exists when a unit change in any one variable gains a retaliation (in
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DIFFERENCE BETWEEN INDEMNITY & GUARANTEE ALL THAT VALUERS NEED TO KNOW: BEAUTIFULLY COMPILED PRESENTATION CONTRACT OF INDEMNITY Contract of Indemnity (Section124) A contract by which one party promises to another to save him from loss caused to him by the conduct of the promisor himself or by the conduct of any other person is called
DIFFERENCE BETWEEN INDEMNITY & GUARANTEE ALL THAT YOU NEED TO KNOW Read More »
Valuation of Lessors Interest Lessor is the owner of an asset that is leased under an agreement to a lessee A lessor can be either an individual or a legal entity Lessor retains ownership of the property while generating a return on his invested capital Some lessors can also grant a “rent-to-own” least whereby
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REPRODUCTION COST The amount required to reproduce a duplicate of the entire property. This is very similar to replacement cost. However, where replacement cost considers utility and function, reproduction cost considers like kind and materials. The goal would be to replace the structure as an exact replica of the original. Reproduction cost is the cost
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