Adjusting Fees Based on Agency Valuation

Topics

Managing the Default Valuation Calculator

Topics

Adding a Valuation to the Calculator

As users assess fees for new jobs, you might need to add new valuations to your system. A job valuation lets you determine or estimate the market value for a certain type of occupancy.

For example, a Type I apartment complex might include only one bedroom unit valued at less than Type III apartments, which include additional bedrooms and other amenities.

A job value also reflects the value of the work required for occupancy. For example, a Type III apartment complex might require a certain number of man-hours to complete, or a certain type of building materials.

To add a valuation

  1. Access the Classic Administration page (Accessing Classic Administration).

  2. Navigate to Fees > Valuation Calc.

  3. Click Add.

  4. Complete the necessary fields for a valuation calculator line item as described in Table 1.

  5. Click Save.

    Table 1. Valuation Fields
    Extra Amount Use this numeric data field to add any extra dollar amounts to the Total Valuation. You can use both positive or negative numbers. Format the number with a decimal (max total numbers before decimal is 6 and max total number after decimal is 2).
    Multiplier Civic Platform uses this numeric data field to modify a valuation. You can use it in addition to the Regional Modifier for calculations. The value entered in this field multiplies the total Valuation (before Extra Amount) in addition to the regional modifier.

    An agency can valuate based on the multiplier alone, which means it can operate excluding the Regional Modifier.

    Format the number with a decimal (max total numbers before decimal is 5 and max total number after decimal is 4).
    Occupancy Enter the purpose, or use, of the property or building that is the basis for the valuation. An occupancy is typically a building or part of a building you can occupy, such as apartments, homes, hospitals, auditoriums, churches, or banks.
    Type of Work Enter the qualities of the occupancy that indicate the work required to build the occupancy. For example, if the occupancy is a basement, you might enter “finished” as the qualifier.
    Unit Enter the measurable aspect of work required for the occupancy. The unit enables you to calculate the value of the occupancy, or job value.
    Unit Cost Enter the cost of the unit that you determine is the measurable aspect of the work required for the occupancy.

    You can automatically adjust all unit costs in your system with a regional modifier. A regional modifier enables you to multiply unit costs depending on market demands. For more information, see Factoring with a Regional Modifier.
    Fee Indicator Enter a unique code to identify this valuation, or job value. For example, if you are calculating the value for a Type I apartment complex, you might enter “APTI.” You can use fee indicators in some fee formulas to assess fees.

Editing a Valuation for the Calculator

As necessary, you can edit existing valuations. You can change the type of work, unit, unit cost, and the fee indicator for any valuation.

To edit a valuation

  1. Access the Classic Administration page (Accessing Classic Administration).

  2. Navigate to Fees > Valuation Calc.

  3. Search for the calculation that you want.

  4. Complete the necessary fields as described in Table 1.

  5. Click Save.

Factoring with a Regional Modifier

The regional modifier enables you to multiply any unit cost that you set up in the valuation calculator by a factor that you specify. You can use the regional modifier to adjust all unit costs in your system according to market demands. For example, you might need to increase your prices by 10% due to the effects of inflation. When a user assesses fees based on the valuation calculator, Civic Platform adjusts the assessment by the same factor.

If your agency chooses to create a fee modified with occupancy versioning, administrators have the option to configure the fee excluding the regional modifier. You do this by selecting Exclude from Regional Modifier. For more details, refer to Table 1 and Creating an Occupancy Version.

To factor with a regional modifier

  1. Access the Classic Administration page (Accessing Classic Administration).

  2. Navigate to Fees > Regional Modifier.

  3. Enter the regional modifier factor in the Regional Modifier field.

  4. Click Save.

Managing Valuation Calculator Versioning

See the Civic Platform Configuration Reference.