The Contractor's Basis of valuation for rating purposes

This guidance note is intended to be applicable for Contractor’s Basis rating valuations effective from 1 April 2017 and thereafter. The purpose of this guidance note is to aid the understanding of the Contractor’s Basis for the general rating practitioner while providing a common framework of the basis for the more experienced practitioner.

The Contractor’s Basis of valuation for rating purposes covers:

  • scope and application
  • the approach to valuation
  • stages of the valuation approach
  • material change of circumstances.

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