Services

Government and private organisations are increasingly aware of their responsibility to make certain their assets are adequately insured. SFV provides this peace of mind by producing accurate insurance valuations utilising its vast database of construction cost analysis, drawn from its extensive clientele. In fact, SFV has valued over 50,000 buildings in the past 5 years, during which time some of our clients have experienced varying levels of loss. A major loss by a client exceeded $30 million and our valuation provided the necessary level of cover, and detail, to readily settle the claim.

We provide insurance valuations on a vast array of building type, including heritage listed buildings, major commercial buildings, large industrial concerns, aged care facilities, hotels, significant sporting complexes, churches, education campuses, prestige residences and airports.

In their valuations, SFV provides:

Limit of Liability, including:

• Reinstatement with New Values, including extra costs of replacement
• Lead time & Reconstruction Allowance
• Demolition & Removal of Debris

and/or

• Indemnity Values

 To meet the requirements of Local Government, SFV has developed a proprietary Microsoft Access Database and Excel spreadsheet which ensures consistent and reliable reporting.

It is mandatory for both Government and private enterprises to value their non-current assets in line with applicable Australian Accounting Standards (AAS).

SFV has a vast experience in this area and continually develops both its Excel spreadsheet and reporting formats to meet the ever changing AAS under which an entity is bound.

We stringently adhere to our Methodology and Quality Assurance Procedures which provides the client with the confidence that it is accurately reporting the value of their assets. In fact, due to these processes, our valuations have never necessitated a qualified audit.