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MUNICIPAL PROPERTY ASSESSMENT CORPORATION has floated a tender for Economic Obsolescence Studies for Niche Industries. The project location is Canada and the tender is closing on 26 Jan 2023. The tender notice number is RFP-0005-2023, while the TOT Ref Number is 77443489. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Canada
Summary : Economic Obsolescence Studies for Niche Industries
Deadline : 26 Jan 2023
Other Information
Notice Type : Tender
TOT Ref.No.: 77443489
Document Ref. No. : RFP-0005-2023
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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PROJECT BACKGROUND
Municipal Property Assessment Corporation-s (“MPAC”) application of the cost approach to unique and special purpose properties is the estimation of external obsolescence (or lack thereof). As part of its valuation process, MPAC estimates the extent of external (specifically economic obsolescence) present for a variety of unique and special purpose properties.
Current Process:
As part of its work, MPAC analyzes economic obsolescence for a number of property types or industries. For each sector, the analysis looks at key external influences impacting the industry, current industry performance and market trends, as well as the future outlook for the industry. The analysis of economic obsolescence consists of both qualitative and quantitative research. Generally, MPAC-s approach to quantifying the existence of economic obsolescence broadly relies upon a collective sampling of profitability and efficiency ratios analyzed over a period of time and benchmarked against a legislated effective date.
MPAC considers a variety of approaches to quantify economic obsolescence, determining the appropriateness and applicability of each approach based on the available data within each respective industry. The following approaches are commonly (but not strictly limited to) used:
return on invested capital analysis;gross profit margin percentage;inventory turnover ratio;fixed asset turnover ratio;price to book ratio; andindustrial capacity utilization rates.PRO...
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Categories: Categories Administrative, Recreation, Real Estate, Management, Geotechnical, Training, Disaster & Emergency Management, Economic Development, Other, Auditing, Advertising/Marketing, Homestay Services, Human Resources, Architectural, Document Accessibility, Politics & Civil Affairs, Hazardous Materials, Roofing, Legal, Associations & Clubs, Occupational Hygiene/Industrial Hygiene, Energy, Auction, Insurance, Asbestos Removal, Actuary, Public Relations, Writing & Translation, Planning, Engineering, Landscape Architecture, Travel, Information Technology, Surveying (Ols/Legal)
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