Valuation And Some Terms Related To It

Valuation And Some Terms Related To It

Valuation Of Properties


What is Valuation :-

Valuation is the art of assessing the fair present value of a Property at a stated time. Valuation of anything is an estimate of the value of that thing in terms of money. It only attempts at suggesting the fair prices. Yet, valuation is not an arbitrary process. It’s based on some facts and only after a judicious processing of those facts and indications, we are able to suggest the value or fair price f the property. Valuation is not the Cost of a Property.

Purposes of Valuation :-

The purpose of valuation of a property are different and may differ according to different cases. Some of the important purposes are as follows –
  1. Purchase for Investment or Occupation.
  2. Tax Fixation.
  3. Sale of a Property.
  4. Rent Fixation.
  5. Insurance Premium.
  6. Mortgage value or Security of Loans.
  7. Compulsory Acquisition.
  8. Speculation.
  9. Wealth Tax and Estate Duty.
  10. Gift Tax.
  11. Partition.
  12. Assessment of Income or Stamp Fees.
  13. Capital Gain Tax.

Scrap Value :-

Scrap Value is the sell value of dismantled materials of an asset at the end of it’s useful life. Scrap Value is counted in the calculation of depreciation of a property, generally @10% of the cost of the Structure. Scrap Value of an asset is merely sell value of scrap and has a limitation.

Salvage Value :-

Salvage Value is the Estimated Value of an asset without dismantling it at the end of it’s useful life. Ordinarily the Salvage Value influences in the calculation of depreciation is omitted by Scrap Value. Salvage Value deposition may take the form of a sell of asset to a purchaser who will continue to use it for the function for which it was originally designed.

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The Best Laptop Within $1000 or Rupees 50000

The Best Laptop Within $1000 or Rupees 50000

HP Pavilion m6

There are various Laptops now available in the market with different kinds of configurations. Today’s Laptops are equipped with whooping amount of RAM and Processing Power. There is Toshiba, HP, Dell, Lenevo, Acer and many other Brands in the market which provides Hi Quality Laptops. The Leading Brands in the Indian Market are mainly HP, the Best known for it’s Quality, The Dell Known for it’s Configurations, and Lenevo for it’s low end Price. As I’m a Student of Civil Engineering I need to work with different Drafting and Designing Softwares like AutoCAD, STAAD Pro, REVIT etc. These softwares requires greater Processing power with much bigger RAM and Graphics Card of Good Quality for Fast Response or it will lag. After researching on the in the Internet and going to various stores different I found that HP is the best in terms of quality of the Product. In the Late 2012 HP launched there New Laptop Series Of HP Pavilion Starting with M. I Choose HP Pavilion m6 from those due to it’s great Configuration and Power.

Configurations:-

Processor – Intel i5 3rd Generation 2.55 GHz
RAM – 6GB DDR3
Hard Disk – 1 TB
Display – 15.6″ HD Ready HP Bright View LED Screen having Maximum Resolution of 1366 X 720
Audio – 2 Front Speakers 1 Sub-Woofer with HP Beats Audio
Graphics – ATI Radeon HD7860 2GB
Keyboard and Touch Pad – Island Style Keyboard along with Separate Number Pad, Touch Pad with   
                                             Multi Touch Gesture
Connectivity – 3 Nos. of USB 3.0 and 1 No. of USB 2.0, HDMI Port, VGA Port, RJ45 Socket, Wi-Fi, 
                        Bluetooth
Operating System – Windows 7 / Windows 8   64Bit
Special Locking Facility – Biomatric Finger Print Scanner
Battery Life – Approximately 3 Hours For Standard Use (Yes, This is the True Fact)

Key Features :- 

  • Huge RAM and Hard Disk
  • Powerful Graphics
  • Very Thin and Lite, Just Next to Ultrabook
  • Stunning Looks
  • USB 3.0 :- 3Nos.

Price :- 

Around Rupees 50,000 or $1000
I Personally Use this Laptop and I can say that I’m truly satisfied with this Laptop, It’s Great in Power Superb in Looks and Also Durable.

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Civil Engineering Contracs Of Different Types

Civil Engineering Contracs Of Different Types

Contractor

 

DIFFERENT TYPES OF CONTRACT===>

  1. Item Rate Contract.
  2. Percentage Rate Contract.
  3. Lump Sum Rate Contract.
  4. Labour Rate Supply Contract.
  5. Material Rate Supply Contract.
  6. Piece Rate Contract.
  7. Turn Key Contract.

DESCRIPTION OF SOME IMPORTANT TYPES OF CONTRACTS===>

Item Rate Contract :- 

In this system of contracts  a contractor is required to quote rate of Individual Item of Works in Tender. This system of Contract is mainly done in Railway Department.
Advantages:  a) Ring Formation  cannot be done.
                      b) Thorough analysis of rates can be done.
Disadvantages:  a) The Comparative Statement cannot be made at the time of the opening of the 
                              Tender.

Percentage Rate Contract :-

In this system of contract a contractor is required to quote the rate as Percentage above or Percentage Below or At Per with Rate Provided in the Tender by the Concerned Departments. This system is followed in all other government departments other than Railways.
Advantages:  a) The Comparative Statement can be made at the time of the opening of the Tender.
                      b) The Total expenditure can be known before hand.
Disadvantages: a) There are chances of Ring Formation.

Lump Sum Contract :-

In this system of contract a contractor is required to quote a fixed sum of money for the completion of a work completed in all respect according to the Specifications, Drawings and Designing provided in the Tender within the Completion Period.
Advantages: a) The expenditure for a work can be known before hand.
                     b) No intermediate payment is to be done.
                     c) No problems of taking measurements.
                     d) The Contractor will have a erg to complete the work before time as the payment is  
                         made one time only after the completion of the work.
Disadvantages: a) In this type of contract the intermediate progress of the work cannot be known.
                          b) in this type of contract it’s difficult to judge the quality of the work.
                          c) The Lump Sum Contract cannot be done for Repair and Maintenance Estimate.

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What Is Civil Work Tender Documents And Tender

What Is Civil Work Tender Documents And Tender

Contract

 

TENDER ==> 

The Tender is a written offering submitted by a Contractor in persuence of the notification by a concerned department. The Documents which are to be submitted by the contractor is supplied by the department to the eligible contractors on payment of usual cost. The Tender Form is tobe duly filled in and submitted in the Tender Box with locking arrangments in the room of the officer inviting the Tender in closed and sealed cover withinor on the Date and Hours of submission of the Tender specified in the N.I.T.

TENDER DOCUMENTS  ===>  

The various Terms and Conditions which are to be formulated while inviting a Tender for a Civil Works are as follows :-
  • A Notice Inviting Tender (N.I.T.) in the standard approved format of a Department.
  • A Tender Form with standard Conditions of Contract.
  • Quantity of Works which are tobe done and Materials, Tools and Plants (T & P) which are to be supplied by the Department if any.
  • Terms & Conditions.
  • Complete Sepecification of the Work.
  • Special Specifications and Additional Terms and Conditions.
  • One Set of complete approved Drawing of the work to be done.  

The Contractor must sign each pages of the Tender Documents and necessary entries are made and a Forwarding Letter on the Letter Head of the Company Of the Contractor along with Bank Draft or any other form of Earnest Money are to be put inside a sealed and closed cover superscribing the Name of the Work and the Name of the Contractor.

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EPSON L100 ====> Lowest Printing Cost Ever

Have a Cyber Cafe or a Small Office of Multimedia works then The all new EPSON L100 is the Printer which will never let you down when you need it the most. This printer combines with the new revolutionary ink technology from EPSON, now just forget about the ink levels and those annoying blinking lights while having a nos. of pages to Print under your shed. This all new Printer with the revolutionary ink technology will give you a huge output what can be expected before only from Laser Printers and will give you relief from all those costly ink cartridges pretty much. This Printer also cuts down the printing cost to very low price while maintaining the promised printing quailty.

With a Full Tank it can give Output up to 1500 pages approx, with a cost as low as Black – @ 10 paise ( $0.0023 ) and Colour – @ 20 paise ($0.0046 ) approx.
This series of Printer also comes in a All-In-One Model type.

Highlights ====>

  • Model ——– EPSON L100 
  • Type ——– Inkjet 
  • Printer Output —– 1500 Pages. 
  • Black @ Rs.0.10 ($0.0023) 
  • Colour @ Rs.0.20 ($0.0046) 
  • Price —— Around Rs.7000/- ($156)

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