- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 09 Apr 2020
Stated preference 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 stated preference valuation methods rely on the stated preferences of stakeholders. These may be drawn from a key group, or from a more general population. They are preferred for the estimation of non-use values such as altruistic, bequest and existence values.
Two principal approaches are used:
Where contingent valuation is: ‘An approach that asks respondents direct questions about their willingness to pay (WTP) for various environmental options. Alternatively, respondents may be asked what price they would be willing to accept (WTA) for the loss of an option… Contingent valuation has not always enjoyed a good press, and it is important that samples are large enough to give meaningful results, the choices are placed in an appropriate context and respondents are carefully reminded that their own financial resources are limited.’
Other approaches to valuation include:
 Related articles on Designing Buildings Wiki
Featured articles and news
Examining renovate-operate-transfer arrangements.
Proactive measures to secure property during extreme times.
Safety guidance from BSI released; comments requested.
Scour can make river currents structurally damaging.
Indoor environmental quality looks at air quality and other wellbeing factors.
A procurement method associated with Public Private Partnerships.
Infrastructure can use digital technology to encourage human growth.
Robotics and the construction industry.
ECA comments on CLC's three-phase recovery plan.
Their diplomatic and architectural history.
The origins of the six volume series.
Built to defend British waters, only to serve as pirate radio stations later.
Wellbeing to influence mix of home and office based working.
An introduction to cobotics.
Survey reports on outlook for the engineering sector.
A simple path to possible error avoidance.