NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
It is one of the many surviving colonial statutes. It was enacted to ‘consolidate the previous laws relating to forests that were passed before the 1920s, the transit of forest produce, and the duty leviable on timber and other forest produce’. The Act gave the State Government the power to create Reserved Forests, and the […]
THE INDIAN FOREST ACT 1927 SALIENT FEATURES Read More »
The Factories Act, 1948 (amended in 1987) was enacted with the object of protecting factory workers from subjecting themselves to unduly long hours of bodily strain or manual labor. It lays down that employees should work in healthy and sanitary conditions so far as the manufacturing will allow and that precautions should be taken for
FACTORIES ACT 1948 SALIENT FEATURES (Amended in 1987) Read More »
Duty to defend the insured Duty to gain the insured’s cooperation The insurer’s duty of good faith and fair dealing The duty to settle claims and the effect of failure to settle Privacy Protection Pay Benefits Risk Assessment Reserves for Policy Duty to defend the Insured Moreover, an insurer may owe a duty to defend
DUTIES OF THE INSURER Read More »
FROM Er. B D Gupta Calcutta: CASE: GUJARAT NEW GDCR says that Property near Railway line needs Railway NOC Alike properties near airport needs Airport NOC Subject property is 8 meters from the Railway Line As per GDCR Property falling in 30 meter needs to take NOC and NOC would be issued when any Construction
PLEASE SHARE YOUR EXPERT OPINION Read More »
The term fire insurance refers to a form of property insurance that covers damage and losses caused by fire. Most policies come with some form of fire protection, but homeowners may be able to purchase additional coverage in case their property is lost or damaged because of fire. Purchasing additional fire coverage helps to cover the cost
FIRE INSURANCE ALL YOU NEED TO KNOW Read More »
A property valuer is a real estate professional who helps determine the value of a piece of land or building. A property valuer works with clients who want to refinance their property to reduce their mortgage rates. They typically provide pre-sale advice to land or property owners who want to determine the selling value of
PROPERTY VALUER ROLES AND RESPONSIBILITIES Read More »
To ensure mutual co-operation amongst members by free interchange of opinion and experience. To endeavor to protect the profession of valuation concerning all categories from misrepresentation and misunderstanding. To express an opinion only when it is founded on adequate knowledge and honest conviction if he is serving as a witness before a court or commission.
ETHICS IN VALUATION PROFESSION Read More »
An estimate for any construction work may be defined as the process of calculating the quantities and costs of the various items required in connection with the work. Before the start of any work for its execution, the owner of the builder should have a thorough knowledge of the volume of work. The minutest details can
GENERAL TERMS IN ESTIMATION & COSTING Read More »
Quantity of Bricks:- Assuming:- Brick size = 9”x4.5”x3” •Thickness of wall = 9” •Thickness of mortar = 0.39” •Brick size with mortar= (9+0.39)x(4.5+0.39)x(3+0.39) = 9.39”x4.89”x3.39” • No. of bricks = Volume of Brickwork/ Volume of 1 Brick with mortar Volume of 1 Brick = (9/12)x(4.5/12)x(3/12)= 0.75’x0.375’x0.25’ = 0.070 CFT Volume of 1 Brick with mortar
CALCULATE THE QUANTITY OF BRICK CEMENT & SAND IN WALL Read More »
THREE APPROACHES USED FOR VALUATION OF ASSETS Business valuation professionals typically apply three approaches to valuing a business — the cost, market and income approaches — ultimately relying on one or two depending on the type of case and other factors. It’s vital that attorneys and clients who rely on business valuations understand the basics
THREE APPROACHES USED FOR VALUATION OF ASSETS Read More »
GDP, GNP, NNP & CONCEPTS OF NATIONAL INCOME Gross Domestic Product (GDP): Gross Domestic Product (GDP) is the total market value of all final goods and services currently produced within the domestic territory of a country in a year. Four things must be noted regarding this definition. First, it measures the market value of the annual
GDP, GNP, NNP & CONCEPTS OF NATIONAL INCOME Read More »
Deterioration and Obsolescence To arrive at an estimate of fair value by cost approach, the cost new (CRN/ COR) is adjusted for physical deterioration, functional obsolescence and economic obsolescence as and where applicable….. TO READ FULL DETAILS CLICK THE LINK BELOW
Deterioration and Obsolescence: MEANING & DEFINITION Read More »