Construction & Contractors/appraisals

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Question
Hi Lee -

I'm looking for info on the accuracy of commercial property replacement cost appraisals - instances of total loss where a building needed to be entirely rebuilt, and how the actual rebuilding costs compared to the appraisal. Any idea where I might find this info?

Thanks!

Steve

Answer
I am answering from Europe on cell so will be brief. We used Marshall and swift, enr cost data and means to index and update our costs. We also kept fairly accurate job costs so we could update our estimating data base. none of them are very accurate for any specific building. If you can have a contractor or estimating service provide a detailed estimate for you that probably would be best.

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Lee Kilcup

Expertise

Can answer most questions regarding estimating, contracting, project delivery, strategic planning and business management for commercial building construction contracts and companies. Not a lot of knowledge about residential or heavy/ highway projects.

Experience


Past/Present clients
Microsoft, Quadrant(Weyerhauser), Nintendo of America, Overlake Hospital, Adobe Systems, REI

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