cost-to-rectify

Construction cost estimates are normally an exercise in multiple accounting tasks. The sum of the individual items plus the overhead and profit normally involves the cost of construction. However, there may be controversy with respect to the extent of the damage and the scope of the damage is traditionally defined differently by each side. Providing an accurate estimate of probable construction costs based on learned experiences and reasoning that supports the hypothesis will expedite the resolution of the claim. Estimates of probable construction costs that are flawed provide another avenue to argue the extent of the damage. The challenge on the part of the expert is to establish a cost from a list of relevant items and pricing those items realistically.

Evaluating the cost to cure by JPC involves:

• Demolition costs.
• Is the structure affected?
• How will the building and all the systems be repaired?
• Should the system be repaired or replaced?