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EXPERT DETERMINATION
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We call it as we see it. Our adversarial legal system, as with our democracy, is well founded on the contest of ideas and opinion. At times, valuation evidence isn't much different. Nonetheless, there are accepted methodologies, standards, ethics and duties to which valuers should adhere. We can peer review other valuers' reports.
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It is useful to consider all available relevant information when preparing our report (which might include following up on information referred to in other valuations). Further information may include: Land Information Memorandum (LIM), Council Property File (CPF), structural surveys, remediation reports, planning opinions, etc. We can also search the LIM and CPF if required.
We often adopt a system of peer review generally consistent with that of the International Valuation Guidance Note 6.11 ('IVGN6.11') with a focus on, and distinction between, any process and / or outcome errors. This is guided by review of:
Our peer reviews can be used as evidence and also often serve to show all parties how the dispute may play out. This can identify both valuation strengths and weaknesses and can inform the party appropriately to aid decision making with the guidance of the lawyers involved.
We can also provide opinion as an expert determination by way of joint or separate instructions (subject to special terms). Parties may elect to adopt our opinion of value as conclusive. A thorough and independent review is often all that is needed to give parties the peace of mind required to settle a matter. This can save expensive and time consuming litigation processes, which put the matter in open court. If the matter goes to hearing, our evidence is reliable and robust to endure the full evidence testing process.
Please contact us if you need a second opinion.
We often adopt a system of peer review generally consistent with that of the International Valuation Guidance Note 6.11 ('IVGN6.11') with a focus on, and distinction between, any process and / or outcome errors. This is guided by review of:
- the apparent adequacy and relevance of the data used and enquiries made;
- the appropriateness of methods and techniques employed;
- whether the analysis, opinion and conclusions are appropriate and reasonable, and;
- whether the overall product presented meets or exceeds generally accepted valuation principles.
Our peer reviews can be used as evidence and also often serve to show all parties how the dispute may play out. This can identify both valuation strengths and weaknesses and can inform the party appropriately to aid decision making with the guidance of the lawyers involved.
We can also provide opinion as an expert determination by way of joint or separate instructions (subject to special terms). Parties may elect to adopt our opinion of value as conclusive. A thorough and independent review is often all that is needed to give parties the peace of mind required to settle a matter. This can save expensive and time consuming litigation processes, which put the matter in open court. If the matter goes to hearing, our evidence is reliable and robust to endure the full evidence testing process.
Please contact us if you need a second opinion.
Phone: +64 9 482 0209 Email: [email protected]
