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The Commercial Valuation Process: Task Order, Personnel and Consultation

Author/s: Tim Havard

Date Published: 1/01/2005

Published in: Volume 11 - 2005 Issue 1 (pages 3 - 23)

Abstract

Behavioural studies into valuation and appraisal have to be undertaken with as full an understanding of the context and framework of the process as possible in order to be realistic. Although there is general knowledge about the commercial valuation process from anecdotal information, there is little hard information about how valuations are actually carried out in the field and that this is a major gap in the knowledge base that will hinder future behavioural research. The paper reports the results of an empirical study into commercial valuation practice which provides valuable information on task ordering, personnel and consultation occurring during typical commercial instructions.

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Keywords

Behaviour - Commercial Valuation - Practice

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