Construction costs are subject to constant change, so if you are insured are you confident that you are not either under or over insured in a changing cost market?

Quantity Surveyors are the only construction cost trained professionals that can make sure your assets have the appropriate insurance replacement cost cover.

A Quantity Surveyors purpose is to predict and manage construction costs. They are specifically trained to do so and they don’t value, they don’t build, they don’t design, they don’t buy and sell property. They are independent and professional consultants.

So here’s a quick list of Property Reinstatement Cost Assessments do’s and don’ts :

Do’s:

• Make sure you’re not under or over insured
• Include all relevant costs in your insurance
• Estimate costs based on current market rates
• Escalate costs going forward appropriately
• Consider the time involved to demolish, re-plan and re-build
• Include costs for professional fees for re-design
• Consider cost not ‘value’
• Assume nothing, as risk is risk, and risk management is good
• Be nice to your family and friends when they ‘offer you construction advice’

Don’ts:

• Don’t forget to contact us to assist you

Napier & Blakeley’s Quantity Surveyors prepare reinstatement cost assessments for billions of dollars worth of properties every year, including many of the largest property portfolios and our knowledge and experience in this area is second to none.

So call us today to make sure your property insurance needs are covered.

Contacts

Development Advisory & Quantity Surveying
Peter Hammond – 02 9299 1899 – phammond@napierblakeley.com
Craig Smith – 03 9915 6300 – csmith@napierblakeley.com
Paul Cosker – 07 3221 8255 – pcosker@napierblakeley.com

Transaction & Asset Advisory
Rob Howells – 03 9915 6300 – rhowells@napierblakeley.com
Alastair Walker – 02 9299 1899 – awalker@napierblakeley.com
Gavin Peach - 02 9299 1899 – gpeach@napierblakeley.com

Property Depreciation
John Mathew – 03 9915 6300 – jmathew@napierblakeley.com
Peter Guerra – 02 9299 1899 – pguerra@napierblakeley.com
Peter Osborn – 02 9299 1899 – psoborn@napierblakeley.com

Sustainable Property Solutions
Peter Frith – 03 9915 6300 – pfrith@napierblakeley.com