Price war hits client and valuers
Dodson, R.
Price war hits client and valuers - 2001 - Estates Gazette (0137) 15 September 2001, 147(1) .
Discusses the impact on the valuation industry of the low fees currently being paid for investment portfolio work. Competition has driven prices down to such a low level that some firms are withdrawing from this type of work. Suggests that clients are the ultimate losers as the quality of service offered has declined considerably. Argues that valuers have failed to differentiate between each other, or to adequately define the nature of the service they offer. Recommends the establishment of industry-wide minimum fees and service levels to rescue the reputation of the profession.
VALUERS
COMPETITION
SERVICE LEVELS
FEE SCALES
INVESTMENT PORTFOLIOS
Price war hits client and valuers - 2001 - Estates Gazette (0137) 15 September 2001, 147(1) .
Discusses the impact on the valuation industry of the low fees currently being paid for investment portfolio work. Competition has driven prices down to such a low level that some firms are withdrawing from this type of work. Suggests that clients are the ultimate losers as the quality of service offered has declined considerably. Argues that valuers have failed to differentiate between each other, or to adequately define the nature of the service they offer. Recommends the establishment of industry-wide minimum fees and service levels to rescue the reputation of the profession.
VALUERS
COMPETITION
SERVICE LEVELS
FEE SCALES
INVESTMENT PORTFOLIOS