Summary Reports

A summary report is a less involved document than a detailed report. It is generally commissioned by a professional client rather than a client who is having their asset valued for the first time.

For example, a board of directors may have a summary report presented by a valuer on their property or business every tax year. An art gallery may require all their paintings to be valued every year for insurance purposes.

In circumstances such as these, the clients may not need all the preamble found in a detailed report. They may instruct the valuer to adopt a particular valuation method or valuation theory every year, rather than allowing the valuer discretion in choosing different valuation methods.

Summary reports are not recommended for members of the public