Benefit transfer valuation
The SuDS Manual published by CIRIA in 2015 defines benefit transfer as:
‘A method for transferring the values ascribed to a good, service or attribute from one survey or study in relevant ways to another decision or policy context, thereby avoiding the need to repeat the survey or study.’
RICS Insight Paper ‘Value of natural capital - the need for chartered surveyors’ published by the Royal Institution of Chartered Surveyors in 2017 suggests that the benefit transfer valuation method (BT, sometimes referred to as value transfer) can overcome practical difficulties of affordability and feasibility that may be encountered with ‘primary’ valuation studies such as stated preference valuation or the revealed preference method. It is carried out by transferring values from primary studies undertaken elsewhere. It does not therefore require the collection and analysis of new primary data.
Its problems lie in the degree of similarity between the sites used in terms of scale, place, time, services, socio-economic characteristics, environmental and ecological conditions and so on.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Adding civility to civil engineering
Framework examines social value of projects.
An open ended procurement method
RfX or Request for [fill in the blank].
Organisation establishes Equality, Diversity, Inclusion taskforce.
The new deal for infrastructure
Government announces plans for new building projects.
Outsourcing method to procure and manage supplies.
Joint support of Local Authority Historic Environment and Conservation Services.
The Chesapeake Bay Bridge-Tunnel is an outstanding achievement.
Buildings of the interwar years. Book review.
Protecting irreplaceable heritage
Ireland’s climate change sectoral adaptation plan.
Rethinking the acoustics of the office.
Various deterrent measures can help managers deal with avian problems.
Groups send message to government.
Observations from new CIOB president
Mark Beard FCIOB shares thoughts on changes in the construction industry.
The three layers in modern laminates have specific functions.
Uniting on behalf of digital transformation
The CIOB and UK BIM Alliance announce formal affiliation.