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SPI Service Potential Index

Outcomes: Gain an understanding of the Service Potential Index in myValuer.

 

The SPI or Service Potential Index, is now the primary condition driver for valuations, breaking the link with engineering conditions.

Key Features

  • It is a numeric index with user-specified range (for example, 1-5, where 1=Excellent Condition)

  • It will interpolate between two points i.e. 2.43 would return a WDV of 74.25%

 

Example of interpolation

2.43 would return a WDV of 74.25%

Below is an example of SPI configuration.

Below chart illustrates several common valuation patterns.

 

Y-axis represents Written Down Value Percentage.

 

X-axis represents Estimated Useful Life Percentage.