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.

It covers:
- scope and application;
- the approach to valuation;
- stages of the valuation approach;
- material change of circumstances.