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16 vote

The technique of finding the fair price of an existing building or property is known as ________

Asked on by | Votes 16 | Views: 3190 | Tags: estimating     | cost and valuation     | civil engineering     | Add Bounty

The technique of finding the fair price of an existing building or property is known as ________
1). Estimation
2). Valuation
3). Pricing
4). Costing


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2 answers

36 vote
Answered by on | Votes 36 |

The technique of finding the fair price of an existing building or property is known as valuation.

Valuation of property is done to work out the amount of fair rent of a building etc., especially when it is requisitioned by the government or semi government organization.
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1 vote
Answered by on | Votes 1 |
2- valuation