Equally learn more about the Asset Valuations Group and QBCC Valuers.
Who are the QBCC?
Uniquely QBCC Valuers, The QBCC stands for the Queensland Building and Construction Commission. In addition, they provide regulation and advice in regards to maintaining the standards and remedies for defective building work. Furthermore, through COVID-19, the construction industry has significantly grown. Moreover, the building industry is volatile.
Likewise, this is due to the rise in new land build projects, and the available grants given to new home owners. Moreover, there are over four million people living in Queensland, and of those four million residents, more than ten percent works in the construction sector. Similarly, this sector has flourished through COVID-19. Conversely, other industries have suffered.
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Why Do I Need a QBCC Valuer?
Equally, QBCC Valuers are required to under take valuations of property, plant and equipment. Similarly, these valuations help determine the actual Market Value of those assets when when calculating the following:
- The Maximum Revenue (MR) and;
- The Net Tangible Assets (NTA).
Also, if you would like access to our online calculator to determine this, please click this link. Although the calculator can be found on the QBCC website, we made our own.
Equally, the Calculator determines your maximum revenue. Furthermore, this is based on your known net tangible assets. Likewise, it also helps determine the value of the net tangible assets you are required to have to cover the known revenue. In addition, your accountant will base your Net Tangible Assets on the book value on a Balance Sheet. Although market changes, depreciation and other factors, most of the time this book value is incorrect. Also, this is why it is important to see an independent valuer to determine the value of your business assets. Despite the values on the balance sheet being correct, Market Value differs from book value. Nevertheless, that is why it is important to have an independent valuer.
Conversely, there may be assets you have that may not be listed on your balance sheet. Moreover, if this is the case, you or your accountant can engage an independent valuer to ascertain the value of those assets. Furthermore, these all work hand in hand in determining both your Maximum Revenue and your Net Tangible Assets. Likewise, we are here to help!
Why Choose Asset Valuations Group
As a result, we have provided all valuations required for the QBCC in regard to the value of assets for the purpose of MR and NTA. Moreover, our valuers are all registered through the Australian Valuers Institute. Equally, we can either provide a sight seen or a desktop valuation for QBCC Valuations. Furthermore, our QBCC Valuers comply with the international valuation standards. Uniquely, the IVS sets the standards for valuers around the world.
In addition, if you require a valuation for QBCC, contact us here! Otherwise, you can call us on 0422 026 728.
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