Building Reinstatement Cost Assessment (BRCA)
Building Reinstatement Cost Assessment (BRCA) is the basis accepted by the Royal Institution of Chartered Surveyors (RICS) for undertaking an appraisal of a property for insurance purposes. The term reinstatement covers the repair, reconstruction or the renewal of a property if damaged by fire or similar. This assessment is all-encompassing and can often include inspection and reporting on a wide range of properties some of which incorporate complex structures and installations.
Royal Institution of Chartered Surveyors (RICS) recommends that a Building Reinstatement Cost Assessment (BRCA) is carried out every three years although updated Building Reinstatement Cost Assessment (BRCA) should be undertaken if there are significant changes to the buildings
In undertaking the Building Reinstatement Cost Assessment (BRCA) of buildings, the property is visited for assessment by one of our qualified surveyors and an assessment is undertaken on a building by building basis. Building schedules are prepared, along with figures for general contents are undertaken on site.
Office based desk top surveys are undertaken with research through Building Cost Information Service published data. The reinstatement costs are calculated to rebuild the property, with costs of demolition, professional fees, any statutory authority fees all included.
We would be happy to discuss any future Building Reinstatement Cost Assessments (BRCA) you may have.