Discharge your compliance obligation.

Yes. Where a claim shortfall arises from a stale or inadequate Rebuild Cost Assessment, the managing agent can face a professional negligence or E&O claim independent of who holds the insuring obligation under the lease. A current RICS-regulated Rebuild Cost Assessment on the recommended three-year cycle is the defensible evidence that you discharged the duty correctly.

Yes. Every Rebuild Cost Assessment (rebuild cost assessment) we produce is accepted across the UK market without amendment. Each report documents the declared value, methodology, assumptions and review date in the format brokers and loss adjusters expect. Forward it directly at renewal.

Desktop Rebuild Cost Assessments are delivered within 24 hours of instruction for standard residential blocks. For on-site rebuild cost assessment instructions we confirm the survey programme at the outset. For portfolio instructions we agree a phased schedule so no renewal window is missed.

No. Index-linking adjusts the declared value figure but compounds any existing error in the original Rebuild Cost Assessment and does not capture material works, specification changes or structural alterations. RICS requires a full formal Rebuild Cost Assessment at least every three years index-linking alone does not satisfy that requirement.

The Declared Value (DV) is the rebuild cost figure established by the managing agent the rebuild cost assessment output. The Sum Insured is set by the insurer: the DV plus an inflation provision, typically a 20–50% uplift. Confusing the two and under-declaring the DV creates the shortfall that triggers the average clause. A formal Rebuild Cost Assessment produces the correct DV as its primary output.

Yes. We produce individual RICS-regulated Rebuild Cost Assessment reports per property, with residential and commercial elements split for mixed-use blocks, a consolidated portfolio summary schedule, and staggered scheduling to smooth service-charge cost across renewal years.