CLIENT BRIEF
RTP Surveyors were instructed by the management company to undertake a Reinstatement Cost Assessment (RCA) for a terrace of 10 dwellings located on a quay in Falmouth. The purpose of the commission was to establish an accurate reinstatement value for insurance purposes, ensuring appropriate cover in the event of total loss.

KEY CONSIDERATIONS
A detailed site inspection was undertaken to assess the construction, materials, and overall scale of the terrace and associated structures. The assessment included consideration of the specific quay-side setting and its influence on construction form and access.

Additional consideration was given to external works, including quay wall structures, surrounding hard landscaping, and associated garage blocks, all of which formed part of the reinstatement valuation.

The diversity of construction elements required careful analysis to ensure that rebuild assumptions reflected current construction methods, material costs, demolition requirements, and associated professional fees.

Each element of the development was assessed to ensure a comprehensive and accurate reinstatement figure was established.

OUTCOME
A detailed Reinstatement Cost Assessment report was produced, providing the client with a calculated rebuild cost for insurance purposes.

The assessment ensured that the declared sum accurately reflected current market conditions for demolition, materials, labour, and professional services, reducing the risk of underinsurance across the development.