Lending & investment · Defined
As-complete value
A valuation premise describing a property with specified construction or improvements assumed complete.
Why it matters
It differs from both as-is condition and stabilized operations. A construction consultant can evaluate progress toward completion but does not establish appraised value through a draw report.
In practice
A project example
The appraisal assumes a finished building, while the monitoring report documents that several major systems remain incomplete.
General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.