NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
7 WAYS TO REDUCE CONSTRUCTION COST Reducing construction cost means taking measures to decrease the overall expenses associated with a construction project. This can be achieved by finding ways to save money on materials, labor, equipment, and other related expenses while still delivering a high-quality project that meets all necessary standards and requirements. The ultimate […]
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COST OF CONSTRUCTION The cost of construction can vary widely depending on several factors, such as the location, the size and complexity of the project, the materials used, the labor costs, and the level of customization required. Other factors that can impact the cost of construction include regulatory requirements, taxes, and fees. To estimate the
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METHOD FOR ESTIMATING COST OF DEPRECIATION There are four main types of depreciation methods used in accounting: Straight-Line Depreciation Method: This is the most commonly used method, which assumes that the asset loses an equal amount of its value each year over its useful life. The formula for straight-line depreciation is: Annual Depreciation Expense =
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DIFFERENCE BETWEEN DEPRECIATION AND OBSOLESCENCE Depreciation and obsolescence are both concepts related to the reduction in value of an asset over time, but they refer to different types of value reduction. Depreciation refers to the gradual decrease in the value of an asset due to wear and tear or deterioration over time. For example, a
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FUNCTIONAL OBSOLESCENCE Functional obsolescence refers to a reduction in the usefulness or desirability of a property due to factors that are not related to its physical condition or external factors, but rather to changes in design, preferences, or market demand. For example, a house with a poor floor plan that does not meet the needs
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DEPRECIATION AS COST IN OPERATION Depreciation is an accounting method used to allocate the cost of a tangible or intangible asset over its useful life. When a company purchases an asset, such as equipment or a vehicle, the cost of the asset is recorded as an expense in the accounting books. However, since the asset
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METHODS OF VALUATION FOR LANDS WITH BUILDINGS Valuation is the process of estimating the market value of an asset, such as real estate, stocks, bonds, or other financial instruments. The purpose of valuation is to determine the fair market value of an asset based on several factors, such as its intrinsic value, supply and demand,
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BELTING METHOD The belting method in real estate refers to the process of creating value in a property by dividing it into multiple parcels or lots, typically by adding infrastructure such as roads or utilities to create new access points. This can increase the value of the property by making it more desirable and accessible
METHOD OF VALUATION FOR OPEN LANDS The open lands cab broadly be divided in two categories , namely, urban lands and farm lands. The urban lands are classified in different ways such as residential, industrial, etc. and the value of such lands primarily depends on the potentiality of their development by constructing appropriate structures over
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IBBI PUBLISHES SYLLABUS FOR LIMITED INSOLVENCY EXAMINATION W.E.F 1ST JULY 2023 NEW DELHI-31/03/2023, TECHNO TEPORTER: Insolvency and Bankruptcy Board of India in its circular No. IBBI/PR/2023/04 dated 31st March 2023 (Press Release) has changed the syllabus for Limited Insolvency Examination w.e.f 1st July 2023. IBBI conducts the Limited Insolvency Examination (LIE) in pursuance to regulation
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VALUATION OF A HOTEL A hotel is defined as a superior building a accommodate strangers and its value depends entirely on its capacity of earnings a profit form a particular type of business activity i.e hospitality . It is a licensed premise in the sense that a license to run a hotel is to
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VALUATION OF A CINEMA HALL A cinema is a building which is used for a cinematography exhibition. A person willing to run a cinema business in this country has initially to obtain what is called a no objection certificate for running this business from the government. This is popularly known as obtaining N.O.C from the
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