Ace Consulting Engineers
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Ace Consulting Engineers follow International Valuation Standards , 2017and undertake every Valuation after considering its intended purpose. We take utmost care that our scope of work should be established , agreed and communicated with the applicant prior to the commencement of Valuation process.
Some of the frequently used Valuation terminologies are :-
Fair Market Value — Installed
Expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering market conditions for the asset being valued, independent of earnings generated by the business in which the property is or will be installed, as of a specific date.
Fair Market Value — Removed
Expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, considering the cost of removal of the property to another location, as of a specific date. Replacement Cost New The current cost of a similar new property having the nearest equivalent utility as the property being appraised, as of a specific date.
Reproduction Cost New
The cost of reproducing a new replica of an asset on the basis of current prices with the same or closely similar materials, as of a specific date.
Market Value (On a continuing use basis)
Market Value on a continuing use basis is a presumption that the entity is a going concern without any compulsion, intention or need to liquidate, otherwise wind up its operations and assumes that the earnings support the value reported. it is assumed that the assets will be exchanged after an adequate period of marketing to obtain its best price and will be sold by way of a private treaty sale where the assets will remain in their existing place and location, therefore, in-situ following sale.
An opinion of the amount, expressed in terms of money that may be expected for the whole asset or a component of the whole asset that is retired from service for possible use elsewhere, as of a specific date.
Scrap Value is an opinion of the amount, expressed in terms of money that could be realized for the asset , if it will be sold for its material content, not for a productive use, as of a specific date.