If you are the owner of a commercial property, you may be wondering if your property is adequately insured. Your Insurer may use the term ‘Replacement Cost’ and the terms ‘Reinstatement Cost’ or ‘Reconstruction Cost’, may also be listed somewhere on your policy. While the term ‘Replacement’, ‘Reinstatement’, and ‘Reconstruction’ all seem to have the […]
Changes. If there is any one all encompassing word that describes what will make your capital project go over budget this is it. You are investing a lot of money and effort into your project and you want to make sure you get what you planned. The below chart illustrates the relationship between the Cost […]
Navigating the world of capital development projects can be difficult. The Royal Architecture Institute of Canada (RAIC) provides a Canadian Standard Form of Contract which is an excellent resource for understanding the phases of a project, the Architect’s tasks, responsibilities and optional additional services, as well as your responsibilities throughout the project as the client. […]
Check out our CACQS Best Practices Guide! This helpful guide describes the wide range of sophisticated cost control services Quantity Surveyors provide, from establishing realistic budgets to reducing risks.