Asset Valuation (WGA/L Pack Return)- Compliance Information

BridgeStation Knowledge Base > BridgeStation Web Edition > Modules
A comparison of the BridgeStation Valuation Report output and the CIPFA Structure Toolkit output has been carried out on a trial authority. The summarised results are available below:
 
Authority: Central London Borough
Number of structures: 80
Version number: 305
Replacement Unit Rates Version: June 2016
 
  BridgeStation Valuation Report CIPFA Structures Toolkit (Excel) % Difference
GRC £628,326,410 £628,326,410 0%
DRC £484,784,021 £485,327,670 0.11%
DRC as % of GRC 77.20% 77.24%  
 
Analysis: The BridgeStation methodology is compliant with CIPFA. The reason for 0.11% difference in DRC Value is the way both software (Excel and BridgeStation) mathematically round off the output results.
Article ID: 266, , Modified: 12/28/2016 at 11:29 AM

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