I provided estimates to various organisations associated with End-Users. For example Insurance companies and the Valuation Office
Insurance
There were usually two estimates required for obtaining Insurance:
- Contractor all-risk insurance. needed during the EPC and commissioning/maintenance periods. Effectively the cost of plant and materials (obtained from the project cost estimate)
- Property Insurance when the asset was deemed in use. Effectively a rebuild value (without repeating major design costs as already complete)
Other insurances such as 3rd party (public liability) and professional indemnity were usually covered by the contractors
Business rates
Estimates for the Valuation Office were usually finalised when the asset was deemed in use. They reflected the rentable items of the Property such as the structure and electrical utilities but excluded the operating plant of the specific Business using it. Project services usually had to be prorated
