RICS TECH PARTNER
RICS TECH PARTNER
Interval helps valuers to produce RICS & IVS “standard-perfect” reports in a fraction of the time with far fewer human errors.
With its easy to follow decision tree architecture, Interval guides valuers through all aspects of an assignment including the terms of engagement, the investigation report, the valuation report and the audit trail.
RICS REDBOOK GLOBAL EDITION 2022
Login Screen
Dashboard
Terms of engagement - Conflicts
Investigation Form

FEATURES

FULL VALUATION SOLUTION
Full valuation solution

Value any type of asset, under market, income and cost approaches.

DATA ANALYTICS
Data analytics

Keep track of the latest updates and trends on the real estate market.

A TO Z VALUATIONS
A to Z valuations

From the TOE to the delivery of the final report with an automatic audit trail.

STANDARD PERFECT REPORTS
Standard Perfect

Perform fully IVS & RICS compliant valuation reports in less than one hour.

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COLLABORATIVE SOLUTION
Collaborative solution

Work with your team to carry out valuations, based on your own data.

SPOT VALUES AND YIELDS
Spot Values and Yields

Share a Spot value or a Yield indicator with your client in a blink of an eye.

PROJECT MANAGEMENT
PROJECT MANAGEMENT

Track the progress on each assignment and ensure your team delivers on time.

VALUATION TRAINING MATERIAL
Training material

Tutorials to be up to date with the latest standards of the industry.

Less than 1 hour to obtain a
fully standard compliant valuation.

value any type of property...

residential
Residential

Apartment & flat, bungalows, HMOs, semi & detached houses, terraced houses, etc.

commercial
Commercial

Offices, shopping centres, hypermarkets, convenience stores, etc.

land
LAND

Green or brown field, development lands, agricultural lands, etc.

Industrial
Industrial

Warehouses, manufacturing, flex spaces, gas stations, storage facilities, etc.

Special Purpose
Others

Schools, theatres, churches, amusement parks, special purpose, etc.

ToE Management - Screen 1
ToE Management - Screen 2
Comparable - Adjustments
Reporting Process

...using any valuation method...

Market Approach

Cost approach
Income Approach
ToE Management - Screen 1
ToE Management - Screen 2
Comparable - Adjustments
Reporting Process

...in compliance with the following standards

(more coming soon)

Interval is set to release in Q4 2022

SAMPLE deliverables generated with Interval

The following deliverables are sourced from a sample hypothetical valuation scenario carried out on Interval. 

It entails the valuation of two properties for secured lending for a client in Mongolia.

Terms of Engagement

Terms of engagement reports follow the RICS Red Book VPS 1 and address all matters that need to be agreed upon between valuers and their client.

Draft Statement

Where the purpose of the report requires a published reference to it, a draft statement is automatically generated by Interval covering all key aspects of the valuation (see Red Book VPS 3).

Informed Consent

The informed consent report is generated using the conflict of interest check function of Interval. The report provides a clear understanding of the conflict, the mitigation strategy adopted, type of conflict, appropriate parties and reason to continue the assignment. It follows the Conflict of Interest professional statement.

Valuation Report

The valuation report deliverable clearly and accurately sets out the conclusions of the valuation. It covers all aspects of the RICS Red Book VPS 3 and many more.

Amendment

Interval allows users to generate amendment reports detailing the contractual changes made to the terms of engagement during the course of the valuation assignment.

The audit trail report records all interactions between valuers and their clients. Further, it automatically logs the main steps of the valuation, such as the contact signing date, investigation and inspection dates, delivery of the valuation report to the client, etc.

Investigation Report

Interval caters for various types of inspection (desktop, external, internal, home surveys). Findings of the inspection and investigation processes (including but not limited to condition ratings, measurements, lease review, etc) can be shared with the client with the investigation report

The multimedia repository gives clients and users of the valuation report access to all the valuation documents, from the terms of engagement to the valuation reports to the audit trail, as well as supporting material used in the valuation (videos, maps, pictures, etc).

Password: yOFHneU5Ga
Interval is a game changer for the valuation industry

F.A.Q.

This is for any property valuer who is following the IVSC and / or the RICS Red Book. It allows valuers to follow the standards to the letter without needing extensive periods of training for chartered membership, the need to go through the standard books in detail at each assignment and making human errors common with “manual” valuations and adaptations of clumsy word templates. The key advantages of the software are that it allows for valuations to be carried out faster, cheaper, more accurate with fewer human errors and completely to standard than manual template adaptation systems. This is a complete solution that allows a valuer to monitor and carry out the entire valuation and client interaction processes from a single, easy to use platform.

We follow the latest version of the standards at all time. At the moment we are on RedBook, IPMS and IVSC 2020.

While the calculations form a very crucial part of the property valuation assignment, they are worthless if the assumptions underpinning them are not present and clearly explained to the client. The standards are there to promote transparency and understanding between valuer and client and making sure that all valuers follow the same rule book. We follow the standards to the letter in an effort to provide better valuation reports to clients that are clear and well explained with all underlying assumptions and decision making clear and well explained.

We do not guarantee that the estimate of value itself is correct, that part is all down to the skills and expertise of the valuer, we only provide the frameworks to make sure that the valuers follow the applicable standards to the letter. Through the use of the software the valuers will be faced with a series of clear choices on bases of value, approaches, methodology, assumptions etc… All the choices they make will be clearly explained in the valuation report and any significant changes and client communication as well as all additional justifications will be displayed in an automatically generated audit trail.

Valuers can input their own comparable data in the system and in certain markets we will look at plugging into public domain databases where they are available and credible. Valuers can also input detailed market research and GIS mapping elements to their reports.

That’s fine, allowances are made for departures from the standards as long as they are explained and justified properly. The software allows valuers to state any departures or special assumptions that are particular to a market or asset class.

Yes, plenty, we have a full complement of training that takes valuers that have good practical “on-the-ground” experience and teaches them the key aspects of the standards. We have also put “tooltips” all over the menus to better inform the choices that valuers have to make. The more valuations a valuer does, the more they will understand and see the value in the standards.

We’re not sure for the moment. All we can say for the moment is that it will be a monthly subscription per user and that the first 1,000 users will receive a 6 months free trial period. 

Copyright – Interval – Property Valuation Software – 2022 – All rights reserved.

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