Reinstatement costs and the BCIS Flashcards
1
Q
What is meant by reinstatement cost?
A
The reinstatement cost of the property is the amount it would cost to totally rebuilt the property in the event that it was totally destroyed
2
Q
Some of the factors taken into consideration when calculating the rebuild value:
A
3
Q
Rebuilding cost calculation guidance notes for RICS homebuyer reports
A
4
Q
BCIS
A
Building cost information service
5
Q
RCA
A
Reinstatement cost assessment
6
Q
The rebuilding cost calculation includes:
A
Conventional structures only
7
Q
Standard additions to the rebuilding cost calculations:
A
Below not to include integral garages
8
Q
More additions include:
A
9
Q
More additions include:
A
10
Q
Flats – rebuilding cost calculation:
A
