NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
ROLE OF COMPUTERS IN ENGINEERING Product engineers apply science, math and original thought to develop new products or new product solutions. Traditionally, this consisted of drawing out new products by hand, then building them. But this was laborious. Today, engineers rely on computers for much of the process. Using computers and specialty computer software, engineers […]
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VARIOUS KINDS OF LEASE: ALL YOU NEED TO KNOW Perpetual lease: A perpetual lease is an ongoing tenure over state land in accordance with the Urban Land (Ceiling & Regulation) Act, 1976. A landholder of a perpetual lease is responsible for complying with the term of the perpetual lease deed failing which the property/land may
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Basic elements of Value – Demand, Utility, Scarcity, and Transferability Following are the 4 essential elements to consider when determining the value of real estate: S.T.U.D. Elements of Determining Real Estate Value Scarcity: Even if a thing has utility, it is not valuable unless it is scarce. Air is certainly useful for breathing but is
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MEANING AND FEATURES OF MONOPOLISTIC COMPETITION Monopolistic Competition is a type of market structure where there are many firms in the market, but each offers a slightly different product. It is characterised by low barriers to entry and exit, which creates fierce competition. As a result of low barriers to entry, new competitors constantly enter
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DUTIES AND ROLE OF ARCHITECTS IN CONSTRUCTION PROJECTS Architects in construction play an important role and they are responsible for the visual appearance of the buildings and structures before the final structural design. An architect is a person appointed by the client, who develops a facility as per the design concept and the requirements specified
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MEANING OF GREEN BELT LAND AND ITS ADVANTAGES It is the estimated value of green belt land by assessing its output. These outputs are valued in social terms by the application of welfare economics Green Belt development regulations in India The green belt areas refer to those areas where there are planned open spaces, where
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CONCEPT OF COLLUSIVE AND NON-COLLUSIVE OLIGOPOLY COLLUSIVE OLIGOPOLY A collusive Oligopoly is a market in which firms cooperate with each other in determining the price. Further, they follow a common price policy and do not compete with each other. In other words, it is a form of market in which there are few firms in
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AVERAGE FIXED COST, AVERAGE VARIABLE COST AND AVERAGE TOTAL COST Average Fixed Costs (AFC): Average fixed cost refers to the per unit fixed cost of production. It is calculated by dividing TFC by total output i.e., AFC=TFC/Q where, AFC = Average Fixed Cost TFC = Total Fixed Cost Q = Quantity of output. Average Variable
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IMPORTANCE AND MEANING OF CONSUMER EQUILIBRIUM The term equilibrium defines a state of rest from where there is no tendency to change anything. A consumer is observed to be in the state of equilibrium when he/she does not aspire to change his/her level of consumption i.e. when he/she attains maximum satisfaction. Therefore, consumer equilibrium refers
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DIFFERENCE BETWEEN SUNDRY DEBTORS AND SUNDRY CREDITORS Sundry Debtors Debtors or ‘receivables’ are customers who owe funds to the company. They have purchased goods on credit and, payments are yet to be made by them. Sundry debtors, also known as ‘sundry receivables’ refer to a company’s customers who rarely make purchases on credit and the
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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
VALUE OF LESSOR’S INTEREST Value of Lessor’s interest in land would comprise of following three parts based on rights held by Lessor as per lease terms. The capitalized value of lease rent receivable from the Lessee under a lease contract, for the unexpired period of the lease. Present value of the right of reversion of
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