Valuation Basis 101 – Reinstatement with New Value (“RIV”)

The amount of money determined as at the date of valuation to allow for replacement by similar property in a condition equal to but not better than nor more extensive than the condition when new.  Where appropriate, due allowance has been made for freight, insurance, duty, delivery, installation, commissioning, design, engineering costs and the like.  Where production plant is no longer currently available new, an optimised approach has been used based on capacity required, when determining replacement cost.

For more information visit


Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s