The building process; market research; establishing the client's needs; site selection and analysis; feasibility studies and financing methods. Introduction to valuation. Time value of money and equivalence. Methods and philosophies of determining market valuations. Valuation techniques; knowledge of efficient property management techniques; identification of a range of unusual property types which require specialised valuation skills and knowledge and the means of developing such skills and knowledge; knowledge to develop novel valuation techniques for application to specific property types; ability to determine the highest and best use for nominated property types; the application of inspection techniques for broad property types; competency in the use of property valuation and inspection aids; familiarity with resource materials and information sources required to undertake specific types of valuation.