When updating valuations for plant and equipment it is always important to choose an appropriate inflation measure, even more so in these times of volatile inflation. Whether you are preparing a Cost Model or a Revaluation Model using a previous valuation, or the original purchase price, BCIS produce and publishes a range of indices specifically for this purpose.
The BCIS Plant and Equipment Indices represent movement in the cost of new plant and equipment, they were developed in conjunction with the RICS Machinery and Business Assets Professional Group. It is important to use a measure of inflation that most closely matches the plant and equipment being valued.
Learn more about this topic by BCIS as reported on bcis.co.uk.
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