Reinstatement Cost Assessments
In preparing the reinstatement cost estimate we review existing documentation, identify built improvements and parameters of fitout ownership and conduct site inspections. The detailed assessment technique adopted by Apex takes into consideration all costs to reinstate the current building or facility if it were necessary to replace, repair or rebuild the building after it has been destroyed or damaged.
Reinstatement traditionally provides the owner with a construction cost value to bring the asset back to the same condition and substantially the same quality i.e. no better or more extensive than it was at the time it was destroyed with appropriate allowances for known regulatory improvements and upgrades.
Our reports provide comprehensive information listing out identified construction risks and liabilities enabling your building insurer to calculate an appropriate insurance premium.
Tools and services that can be linked to this include the identification and listing of “Green Building” improvements including detailed estimates and evidence of the incorporation of sustainable design.