- 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
Brick slip soffit systems and intricate brick features.
How to write them and what they should include.
Assessing the most beneficial design elements.
Exploring different types of vinyl flooring.
New Government task force will build beauty into reformed planning process.
Five outstanding aspects of the profession.
The seismic strengthening of historic churches.
Results show guarded optimism and payment concerns.
Noteworthy navigable aqueducts.
Technology is making remote work a reality.
Carefully placed structures add drama to pastoral vistas.
Report provides actions required by 2030 to achieve a zero carbon economy.