Incomplete Construction Project Valuation Issues

Abstract

Incomplete Construction Project Valuation Issues

Incomplete construction project as a commodity has its specific features, which should be taken into account when appraising market value of the object. The existing methods of valuation do not fully reflect these features, in particular determination of depreciation, business profit assessment and risk allowance.

Keywords: incomplete construction projects, classification, depreciation, valuation, market value, cost approach, income approach