VDL refers to the intrinsic value of land that is suitable for development, taking into account various factors such as zoning regulations, location, and market conditions. It serves as a benchmark for real estate professionals when assessing the potential profitability of land investments. By understanding VDL , stakeholders can make informed decisions on purchasing, selling , or developing properties. This concept is particularly relevant in urbanized areas where land scarcity drives up competition and necessitates careful valuation to maximize returns. The Definition of VDL in Property Valuation In property valuation, VDL is often defined as the difference between the anticipated sale price of a developed property and the costs associated with its development, including construction, financing, and permitting. This value essentially signifies how much an investor should be willing to pay for a parcel of land, considering the expected future income it can generate. VDL is not stat...
By " VDL " Human Resources | Labour Relations | Public Policy | Professional Development Introduction Human Resource (HR) professionals play a vital role in employee management, organizational development, labour relations, workforce planning, and the promotion of workplace justice. Their expertise is not limited to private companies and government institutions; it can also contribute to political organizations and national development. In Nigeria, participation in the Labour Party (LP) presents potential opportunities for HR specialists and professionals to contribute to discussions on employment, workers' welfare, fair remuneration, skills development, and sustainable economic growth. The Labour Party's published manifesto addresses issues including living wages, social welfare, dialogue among government, civil society, trade unions, and the organized private sector. These issues are directly relevant to the professional knowledge of HR practitioners. However, an im...