RICS Red Book Compliance Software
InterVal turns the Red Book process into a guided workflow — from terms of engagement to audit trail — so compliance is built into how you work, not bolted on at the end.
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Compliance as a process, not a checklist
Most valuation practices still assemble Red Book compliance by hand: a Word template here, a spreadsheet there, evidence scattered across email threads. Every assignment depends on someone remembering every requirement of the standards — and proving it later if the file is challenged.
InterVal takes the opposite approach. The platform's decision-tree workflow mirrors the structure of RICS Valuation – Global Standards (the 2025 edition, aligned with IVS): each stage of an assignment is a step in the software, the required documents are generated from consistent templates, and the audit trail builds itself as you work.
New to the standards? Read our practitioner guide to RICS Red Book compliance, or see why spreadsheets quietly fail at scale.
The Red Book, stage by stage
How InterVal covers each mandatory Valuation Practice Statement of the 2025 edition:
| Red Book stage | What the standard requires | In InterVal |
|---|---|---|
| Before acceptance | Competence, independence and conflict-of-interest checks, documented | Built-in conflict-of-interest check and informed-consent report |
| VPS 1 — Terms of engagement | Written terms agreed before the valuation is reported | Guided terms-of-engagement generation, with amendment reports when scope changes |
| VPS 2 — Bases of value | Appropriate, explicitly defined basis; assumptions recorded | Structured capture of basis, assumptions and special assumptions |
| VPS 3 — Approaches and methods | Justified choice of approach and method | Market approach and income capitalisation workflows (DRC & DCF with the Professional plan) |
| VPS 4 — Inspections and records | Appropriate inspection, agreed limitations, proper records | Investigation reports for desktop, external, internal and home-survey inspections |
| VPS 5 — Valuation models | Controlled inputs, documented model usage | Controlled calculations and comparable adjustments inside the platform |
| VPS 6 — Valuation reports | Clear reports with all minimum required content; draft statements where required | Template-based reports and automatic draft statements |
| Evidence | A file that demonstrates compliance years later | Audit trail generated as you work — not reconstructed afterwards |
See what the output looks like: browse our sample reports, mapped to the documents the Red Book expects.
Built by valuers, recognised by the profession
- InterVal is a RICS Tech Partner and an IVSC member.
- The platform was born from an IMF-commissioned Asset Quality Review in which our founding team assessed thousands of valuation reports — most failing RICS, IVS or any standard.
- Our lead valuer is MRICS, and the workflow is kept aligned with the current edition of the standards (Red Book 2025, incorporating IVS).
InterVal has impressed me. Its intuitive interface and collaboration features have streamlined my residential work, making the comparable method far more efficient. The compliant reports save time and effort, and I’m eager to see the upcoming DCF and DRC modules.
Common questions
Does using InterVal make my valuations Red Book compliant?
Compliance always remains the valuer's professional responsibility — no software can replace judgement. What InterVal does is make the process systematic: the required steps, documents and records are built into the workflow, so nothing depends on memory and every assignment leaves a complete file.
Is InterVal aligned with the 2025 edition of the Red Book?
Yes. InterVal's workflow follows RICS Valuation – Global Standards effective 31 January 2025, incorporating IVS — including the restructured six-VPS framework.
Which valuation methods are supported?
Market approach and income capitalisation are available today; Depreciated Replacement Cost (DRC) and Discounted Cash Flow (DCF) will be introduced with the Professional plan.
How long does it take to get started?
InterVal is an off-the-shelf cloud platform: system configuration takes 20–30 minutes, and every account includes a free 1-hour onboarding session.
More questions? Browse the full FAQ or compare plans.
See your own workflow in InterVal
Book a free 45-minute demo and walk through a complete Red Book assignment — from terms of engagement to the final report — on your own use cases.
Effortless Compliance
Smarter Valuations
Join hundreds of valuers transforming their workflows with InterVal. Whether you’re looking for faster turnaround times, perfect compliance, or seamless reporting, we’ve got you covered. Schedule a personalized demo today.
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