There is a risk when obtaining a reinstatement cost assessment for insurance purposes that the re-build cost or declared value has been underestimated, which can result in a shortfall in the insurance pay-out to complete a building’s full reinstatement. One of the risks of over-estimating the reinstatement cost is increased insurance premiums.
As no building or location are the same, it is essential that the specific nature of the site and any situational factors that might impact the cost of a rebuild are considered. We break a building down into its elemental components, from the ground up, to ensure each assessment is bespoke, realistic and mindful of the site-specific constraints that can impact cost to protect your investment.
UK & European Experience
Lantic Building Consultancy have extensive experience in preparing reinstatement cost assessments ranging from terraced residential accommodation to the largest of retail development schemes exceeding £1.7B.
As well as ad-hoc instructions, we have expertise in managing portfolio instructions for investment managers and institutional investors, both in the UK and across Europe. Our consistent approach to portfolios ensures a coordinated, timely delivery, with comparative analysis as required to satisfy your internal reporting needs.
Our surveyors were all trained by market leading firms that have pushed the service forward and were instrumental in developing the RICS Guidance Note, setting out the industry’s best practice. We use a range of industry recognised price data and methods to ensure consistency and provide a sound audit trail.