Valuation process

The valuation process

Every valuation under IVS 2025 starts the same way: agree the scope of work, choose the basis of value, then select the approaches and methods. Each step has a plain-language guide and a decision tool, and the calculators follow.

• Step 1 · IVS 101
• Step 2 · IVS 102

Scope of Work

Bases of Value

Agree the intended use and users, the asset or interest, the basis and premise of value, the valuation date and the assumptions before any work starts. The Scope of Work Builder drafts the scope from your answers.

Open Scope of Work →

Choose the basis that fits the purpose (market value, market rent, investment value, equitable value, synergistic value or liquidation value) and the premise, such as highest and best use or orderly liquidation.

Open Bases of Value →

• Step 3 · IVS 103 and 105
• Step 4 · Calculate and document

Approaches & Methods

Calculators

Weigh the market, income and cost approaches against the asset and the evidence, choose the methods, and plan how the indications will be reconciled. The Approach and method selector suggests where to put weight.

Open Approaches & Methods →

Build the inputs with twenty-three calculators grouped by approach, carry results between them with the project panel, and export the input register for your working papers (IVS 104).

Open the calculators →

✱ Professional notice

Decisions stay with the valuer

The guides and tools apply IVS rules to your answers and point to the paragraphs behind them. They support, but do not replace, the valuer's judgement and the official texts of the standards.