Copied from the NZIQS e-Bulletin published 25 July 2013 Outside of a qualified quantity surveyor who else has the qualifications to estimate construction costs? The only other formal group to get insurance company recognition are Registered Valuers. Now a number of enquiries to my organisation have asked me how a Valuer values a rebuild. I have to tell them that honestly I do not know what a Valuer does to estimate the cost of a rebuild. It is my expectation that they value property including land, I know they summarise their valuation under headings of Land Value and Value of Improvements, but that I do not know how they define these or how they value them. Obviously the insurers are not interested in land value. Definitions for valuer; • public valuer means a registered valuer who holds himself out as willing to make valuations of land for members of the public • registered valuer means any valuer for the time being registered • under this Act • valuer means a valuer of land
Posted on: Tue, 13 Aug 2013 21:05:33 +0000
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