Practice question
A 2026 covered project has no approved schedule of market values under RA12001. For the land component, what interim valuation basis does amended Section7 identify?
- The contractor’s preferred nominal amount
- The owner’s unsupported future resale price
- Automatic zero value
- BIR zonal valuation
- Only a twenty-year-old private advertisement
Legal references
- RA12289 Section7, amended Section7(a): https://lawphil.net/statutes/repacts/ra2025/ra_12289_2025.html
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