Scope of Work

Exclusion of one of the valuation approaches would be a scope of work decision.

 

SCOPE OF WORK:  the amount and type of information researched and the analysis applied in an assignment. Scope of work includes, but is not limited to, the following:

 

•the degree to which the property is inspected or identified;

•the extent of research into physical or economic factors that could affect the property;

•the extent of data research; and

•the type and extent of analysis applied to arrive at opinions or conclusions.

 

USPAP - 2005

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