scope of work


Also found in: Acronyms.

scope of work

Under the July 1,2006,changes to the Uniform Standards of Professional Appraisal Practice (USPAP), the phrase means the type and extent of research work an appraiser performs to develop the results for an assignment.Under prior requirements,all clients had to be provided with a complete appraisal unless the client signed off and approved a limited appraisal noting specific departure rules. Today, the new Scope of Work Rule allows the appraiser to choose the analytical methods necessary to meet the client's objectives, but the client does not have to approve the methodology.

References in periodicals archive ?
When an insurer settles a hazard claim for insurable damage to a dwelling, the adjuster assigned the loss will prepare a scope of work (also referred to as the adjuster's estimate or scope of loss).
Wandmaker added, 'Our team, which at peak included about 650 people, completed their scope of work within schedule and budget.
The complete scope of work will be managed, designed and engineered by Aker Solutions' manufacturing facility in Curitiba, Brazil, with support from Aberdeen, UK, for the subsea control systems.
Often owners are in the position of trying to clearly define a scope of work that they know little or nothing about.
The biggest changes are elimination of the DEPARTURE RULE and introduction of the SCOPE OF WORK RULE.
In particular, the groups wrote that they were pleased the agencies emphasized three points that regulated financial institutions and appraisers must pay attention to: 1) federal banking regulatory standards are supplemental standards to USPAP; 2) Clients will need to reconsider their ordering procedures in light of the changes in USPAP; and 3) Clients should consider appraiser competency and not allow lower cost or reduced delivery time to compromise the determination of an appropriate scope of work.
Manlift with articulated boom platform Tender no: STC/ST12MT0354 Description: The scope of work includes supply of manlift with articulated boom platform.
Emphasizing that scope of work does not change the appraiser's obligations in the development process, Accetta pointed out that the scope of work decision drives the full range of activities prior to communicating the results.
Problems also may stem from an aggregation of services within the owner's scope of work, making it difficult to price each service separately.
The revision with far-reaching implications for appraisers was the introduction of the scope of work concept into the development standards (Standards 1, 3, 7, and 9).
If the contractor tries to change the scope of work and materials and wants change orders before the contract is even signed, that is usually a red flag that the job may have been underbid.
The original scope of work for the first option year called for Horne Engineering Services to conduct airport assistance reviews and follow-up support at 100 U.