Rating Manual Volume 4

Section 7 : The Contractor's Basis of Valuation

1. Introduction

2. The Method

3. The Valuation Stages

4. Estimated Replacement Cost (Stage 1)

5. Adjusted Replacement Cost (Stage 2)

6. Value of Land (Stage 3)

6.6 Land Value as a percentage of development costs

7. Decapitalisation (Stage 4)

8. Overall Consideration (Stage 5)

Appendix 4:7:1 : The Contractors Basis : Practical Considerations

1. Introduction

2. General

3. Estimated Replacement Cost (Stage 1)

4. Adjusted Replacement Cost (Stage 2)

5. Value of Land (Stage 3)

6. Decapitalisation Rate (Stage 4)

7. Overall Consideration (Stage 5)

Appendix 4:7:2 : The Contractor’s Basis : The Effect of Grant

Practice Note 1 : 2005 : The Contractor's Basis : Revaluation 2005 : Site values

1. General

2. Application of discounts to land values

3. Consideration of alternative site value

4. Application of age and obsolescence allowances

Practice Note 2 : 2005 : The Contractor's Basis : Revaluation 2005 : Costing of External Works as a Percentage of Building Costs

Rating Manual - Volume 4 - Section 7 - Practice Note 1: 2010: The Contractor's Basis: Revaluation 2010 : Site values

1. General

2. Application of discounts to land values

3. Consideration of alternative site value

4. Application of age and obsolescence allowances

Rating Manual - Volume 4 - Section 7 - Practice Note 2: 2010: The Contractor's Basis: Revaluation 2010

Costing of External Works as a Percentage of Building Costs.

Volume 4 - Section 7 : Appendix 3 : The Contractor’s Basis : Prescribed Decap Rate