NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
DIFFERENT METHODS OF DEPRECIATION USED BY THE VALUERS Depreciation is the method of allocating the cost of a long-term asset over its useful life. There are several methods of depreciation, including: Straight-line depreciation: This is the most common method of depreciation, where the cost of the asset is divided equally over its useful life. The […]
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THUMB RULES USED IN CONSTRUCTION INDUSTRY Thumb rules for construction are general guidelines that are commonly used in the construction industry to estimate quantities, time, and cost. I do not have personal experience or beliefs, but I can provide some common thumb rules that civil engineers often use: some thumb rules that are commonly used
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MEANING OF VALUER AND ITS RESPONSIBILITIES A valuer is a professional who specializes in determining the value of assets, such as real estate, businesses, stocks, and other forms of property. Their main responsibility is to provide accurate and impartial valuations that reflect the market value of an asset, based on a variety of factors such
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DIFFERENCE BETWEEN ARCHITECT AND ENGINEER Architects and engineers both play important roles in designing and constructing buildings and infrastructure, but they have different areas of expertise and responsibilities. An architect is primarily concerned with the aesthetics, functionality, and overall design of a building or structure. They focus on the form and style of the building,
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TRANSFER OF PROPERTY ACT 1882 The Transfer of Property Act, 1882 is a law in India that regulates the transfer of property from one person to another. The act covers both immovable property such as land and buildings, as well as movable property such as stocks and shares. The act provides for various modes of
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MEANING OF VALUATION Valuation refers to the process of determining the economic value of an asset, business, or investment opportunity. It is used to estimate the worth of an asset or investment and is typically based on various factors such as market trends, financial performance, competition, and future growth potential. Valuation is important in various
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VALUATION BY USING DISCOUNT CASH FLOW (DCF) METHOD DCF (Discounted Cash Flow) method is a widely used method for valuation of companies or assets. It involves estimating the future cash flows that an investment is expected to generate and then discounting those cash flows back to their present value using an appropriate discount rate. Here
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WORKING OF A SOLAR PANEL A solar panel, also known as a photovoltaic (PV) panel, converts sunlight into electricity using the photoelectric effect. Here’s how it works: The solar panel is made up of many individual solar cells. Each cell contains layers of materials, usually silicon, that have been specially treated to create an electric
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DIFFERENCE BETWEEN AN ENGINEER AND A VALUER An engineer is a professional who uses scientific and mathematical principles to design, develop, and maintain various systems, structures, machines, and processes. Engineers use their expertise in fields such as mechanical, electrical, civil, chemical, and computer engineering to design and develop solutions to complex problems. They may work
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SUSTAINABILITY IN CONSTRUCTION- ALL YOU NEED TO KNOW Sustainability is a contemporary subject that has the potential to create an inspiring future for engineering, particularly civil engineering. Engineers are responsible for improving the extent to which communities can sustain soil, air, water, and energy assets, by creating a sustainable vision of the world. The American Society of Civil Engineers
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DILAPIDATIONS (THE STATE OR PROCESS OF FALLING INTO DECAY OR BEING IN DISREPAIR) Dilapidations is a specific area of law relating to breaches of a tenant’s lease obligations or covenants. A dilapidations claim can be made by the landlord against the tenant during or towards the end of a lease, or after the lease has ended. The landlord’s
ESSENTIALS OF EFFECTIVE INTERNAL AUDIT- ALL YOU NEED TO KNOW As already stated, internal audit is an internal activity created by the management for excmination of accounting records and legal compliance on continuous basis by qualified persons having accounting and financial expertise. Internal auditor is an employee of the management who performs his duties in
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