Valuation Method field

The Valuation Method field specifies the method or basis for the valuation.

How this field works

The term used in this field affects how the latest valuation is calculated.

The options for this field are:

• Actual Value (AV) is used where a valuation has been made with a high degree of authority, certainty and precision. Usually used when an expert valuer has assessed the item.

• Estimated Value (EV) is for valuations with less accuracy. These valuations are often provided by in-house specialists in this type of item.

• Estimated Mean Value (EMV) is the least accurate of the three Valuation Methods, and is often used for low value items and large sets of common items.

If you select Estimated Mean Value, you must enter a valuation category in the Value field.

Field details

Field type

Authority field

Internal field name

VALUATION_METHOD

Location

Object > Valuation window

Searching on this field

Use a Select Statement.

Reporting on this field

This is how to select this field in Reporting.

• Field (Across the page) reports: Select Valuation Method (all).

• Group (Down the page) reports: Expand Valuation (latest value with details) or Valuation (all values with details) then select Method.

You can't sort on this field.