Building Valuations

Replacement cost refers to the cost of constructing a building or making other improvements to an existing structure which has the same utility, but using modern design, workmanship and materials.

The following can serve as an example: The replacement cost of constructing a building can be determined by adding the labour and material costs, architects and other professional fees. This cost method is often the only reliable approach when dealing with the replacement of structures in the insurance industry. Our highly qualified Quantity Surveyors are all registered at the South African council for the Quantity Surveying Profession.