- Project plans
- Project activities
- Legislation and standards
- Industry context
- Specialist wikis
Last edited 06 Mar 2021
Direct market valuation
RICS Insight Paper ‘Value of natural capital - the need for chartered surveyors’ published by the Royal Institution of Chartered Surveyors in 2017 suggests that direct market valuation is a revealed preference method that draws on the revealed preferences of stakeholders.
Direct market valuation approaches: ‘can be based on transactional data, production costs or replacement costs. This can be extended to the cost of avoiding damage to an ecosystem, or the cost of replacing a damaged or destroyed service. This extends to production function based approaches where, for example, the ‘value’ of an ecosystem service can be gauged by the value of the final (marketable) product to which it gives rise (for example water for consumption).’
Other revealed preference methods include:
Approaches other than the revealed preference method include:
 Related articles on Designing Buildings Wiki
Featured articles and news
Smart motorway strategies.
Actuate UK urges change of deadline to at least December 2022.
Study shows harmful impact of late payments on SME personnel.
Upcoming changes to the commercial supply and purchase of chemicals.
CLC introduces card for learners.
CIOB members recognised for public procurement.
Experts discuss the complex issues damaging the supply chain.
The co-founder of Get Kids into Survey discusses career paths for kids.
Report examines lack of detail in the Government's vision.
Our director Gregor Harvie hosts 4 webinars at the IHBC marketplace on Friday.
Look up construction terms on any website direct from your browser.
The revival of the public sphere in Toronto.
The story behind the copycat architecture craze.
Insight into construction materials supply and demand issues.