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The Contractor's Basis of Valuation for Rating Purposes, 2nd edition

The Contractor's Basis of Valuation for Rating Purposes, 2nd edition

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.

This guide covers:

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

Guiding you through crucial updates for modern rating practitioners