The method of estimation we use is that of a detailed bill of materials and labour to which we add fees and provisions.
For example, preliminaries and site management, builder’s profit, contingency, demolition, professional fees, retention allowance and sundry fees in the case of buildings.
When dealing with machinery, it is not only the replacement cost of the machine that is important but also exchange rate conversions, shipment cost (if imported), and installation costs. If a machine has been modified from the factory standard, this additional cost needs to be taken into account in determining the insurance value.
What insurance services do we offer? >