Reinstatement cost assessment

Reinstatement cost assessment

An accurate building reinstatement cost assessment is essential to ensure that, should a building incur damage from an insured risk, there is appropriate insurance cover to safeguard the property owner’s position in being able to recover their loss.

Carter Jonas regularly provides cost assessments for both commercial and residential buildings for a wide range of clients and property holders across all property sectors. Through our specialist knowledge gained from working with historic and listed buildings on a regular basis, we are also well placed to advise on these complex and specialist structures. We offer a bespoke service, performed by chartered building and quantity surveyors across our office network.

Our approach to reinstatement cost assessment

The appointed surveyor will develop the assessment taking account of the unique features of the building.

Rebuilding costs are calculated by reference to a variety of data sources including the RICS’s Building Cost Information Service, relevant cost information from recent Carter Jonas projects and other trusted sources. Assessments should be subject to a major review every three years (or earlier should significant alterations be made), with an annual desktop updates made to incorporate inflationary and tender cost changes.

Why choose Carter Jonas?

Our national building consultancy team based across the core Carter Jonas offices of Oxford, Cambridge, Bristol, Leeds and London comprises highly qualified and experienced chartered building and quantity surveyors who offer a consistently high quality and cost effective service. We offer assessments on an individual, multiple or portfolio basis, tailored to individual requirements.

Our team works closely with other colleagues across Carter Jonas, such as the property management and valuation teams, to deliver a seamless service. We can also offer reinstatement cost assessments as part of other services, such as pre-acquisition building surveys and market valuations for loan security purposes. Surveys and inspections are closely co-ordinated with our colleagues or third parties as required.