Fair Value Measurement for Buildings Sample Clauses

Fair Value Measurement for Buildings. The Level 3 fair value of the buildings was determined using the cost approach that reflects the cost to a market participant to construct an asset of comparable usage, construction standards, design and layout, adjusted for obsolescence. The more significant inputs used in the valuation include direct and indirect costs of construction such as but not limited to, labor and contractor’s profit, materials and equipment, surveying and permit costs, electricity and utility costs, architectural and engineering fees, insurance and legal fees. These inputs were derived from various suppliers and contractor’s quotes, price catalogues, and construction price indices. Under this approach, higher estimated costs used in the valuation will result in higher fair value of the properties. There has been no change in the valuation techniques during the year.
Sample 1
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Related to Fair Value Measurement for Buildings

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  • Performance Measurement Satisfactory performance of this Contract will be measured by:

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