The RICS Commercial Reinstatement Tool gives subscribers the means to find out how much their or their clients' commercial property is likely to cost to reinstate should it be destroyed.
Using the extensive RICS database of building costs, you can assess reinstatement costs for a range of commercial building types, along with external works, demolition and professional fees. Our duration calculator will also tell you how long it will take to reinstate the property.
Once your assessment is complete, you can review and download it immediately as a PDF file.
Cost Allowances For Post covid-19 Working Conditions
The Construction Leadership Council have issued guidance for assessing costs of construction work under post covid-19 working conditions. The guidance can be found in the Covid-19 Assessment Toolkit and is available from the CLC website. It is recommended that assessors read the guidance in full before carrying out assessments and include additional cost items calculated in accordance with the toolkit.
Link to CLC website
http://www.constructionleadershipcouncil.co.uk/Link to COVID 19 COST ASSESSMENT TOOLKIT
http://www.constructionleadershipcouncil.co.uk/wp-content/uploads/2020/07/2020-07-COVID-19-COST-ASSESSMENT-TOOLKIT-FINAL.pdfIf you would like to talk to RICS about subscribing to the Commercial Reinstatement Tool, you can contact us to find out more.