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
| |
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, Created: 11/14/2016 at 3:32 PM, Modified: 12/28/2016 at 11:29 AM