NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
CONSTRUCTION AND USE OF VALUATION TABLES Valuation tables are commonly used in finance, insurance, and other industries to estimate the present value of future payments or cash flows. They are typically created by calculating the present value of a stream of payments at different interest rates and time horizons. To construct a valuation table, you […]
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CAPITALISATION AND RATE OF CAPITALIZATION Capitalization refers to the process of valuing an asset, company or investment by estimating its current worth based on its expected future earnings. It is typically used in finance and accounting to determine the value of a company or asset, and is calculated by multiplying the earnings or cash flow
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ROLE, FUNCTIONS AND RESPONSIBILITIES OF A PLANT AND MACHINERY VALUER A plant and machinery valuer is a professional who specializes in assessing the value of equipment, machinery, and other assets used in industrial, commercial, or agricultural settings. Their primary role is to provide an accurate and impartial valuation of the plant and machinery to
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SALIENT FEATURES OF THE COMPANIES (REGISTERED VALUERS AND VALUATION) RULES, 2017 The Companies (Registered Valuers and Valuation) Rules, 2017, outline the requirements for registration, conduct, and regulations for valuers who undertake valuation assignments for companies. Some of the salient features of these rules are: Registration of valuers: Valuers are required to be registered with the
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GENERAL PRINCIPLES OF TORT Tort law is a body of law that deals with civil wrongs or injuries that are caused by one person to another, resulting in legal liability. In other words, it deals with situations where one person has breached a legal duty owed to another person, resulting in harm or injury to
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OBSOLESCENCE IN REAL ESTATE Obsolescence refers to the state of being outdated or no longer useful, typically due to the development of new technology or ideas. It can apply to many different things, such as products, services, skills, or knowledge. Obsolescence can be intentional or unintentional, and can occur gradually over time or rapidly due
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OBLIGATIONS AND RIGHTS OF INSURER AND INSURED The relationship between an insurer and an insured is governed by a contract known as an insurance policy. The insurer is the party who agrees to provide financial protection to the insured in the event of certain specified risks, while the insured is the party who pays a
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FIRE POLICIES AVAILABLE IN THE INSURANCE MARKET Fire policies are insurance contracts that provide coverage against losses or damages caused by fire and other related perils. Fire policies typically cover damages to the insured property, including buildings, contents, and other assets, caused by events such as fire, lightning, explosion, or other perils specified in the
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PRINCIPLES AND LEGAL CONCEPTS IN RELATION TO INSURANCE OF BUILDINGS Insurance of buildings involves the transfer of risk from the owner of a property to an insurance company in exchange for a premium. There are several principles and legal concepts that are important to understand in relation to insurance of buildings, including: Principle of indemnity:
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SALIENT FEATURES OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 The Insolvency and Bankruptcy Code, 2016 (IBC) is a comprehensive legislation aimed at streamlining the insolvency and bankruptcy process in India. Some of its salient features are: Time-bound resolution: The IBC mandates that the insolvency resolution process should be completed within a maximum of 330 days.
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BURDEN OF PROOF The burden of proof refers to the responsibility of a person making a claim to provide evidence to support their assertion. In other words, the burden of proof is the obligation of a person to provide sufficient evidence to convince others that their claim is true. The burden of proof refers to
DIFFERENCE BETWEEN LEASEHOLD AND FREEHOLD PROPERTY Leasehold and freehold are two types of property ownership commonly found in many countries, including the UK, US, and Australia. Freehold property is also known as fee simple ownership. It is the most common form of property ownership, where the owner has complete ownership and control over the land
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