Tool · Scope of work
Scope of Work Builder
Start from the intended use of a valuation and work out the basis of value, the premise of value and the general and special assumptions, tested against IVS 101 and IVS 102.
How the scope of work builder works
The intended use and the intended users decide the question the value must answer, and the basis of value must suit them (IVS 102 para 10.01). The builder suggests a basis for eighteen common intended uses, checks whether a law, an accounting standard or a contract defines the basis instead, and offers only the premises of value that fit the basis chosen, such as highest and best use for market value or orderly liquidation and forced sale for liquidation value.
It then lists the general assumptions for the type of asset and turns each client request that differs from the facts at the valuation date into a special assumption (IVS 102 paras 50.03 and 60.01). Errors, such as a liquidation value without its premise or a non-IVS basis without its source, hold the scope text; warnings explain the rest. The result is a fourteen-item scope of work in the order of IVS 101 para 20.01, ready to edit and agree with the client.
Related: Bases of value · IVS 2025: what changed · RICS Red Book
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