Precision in assessment.
Reinstatement cost assessments (RCA) are a professional construction valuation that estimates the budget cost of rebuilding a property if it were completely destroyed (for example, by fire or flood). Utilised for insurance, the purpose is to determine a ‘Declared Value’, i.e. the amount an insurer uses to set the premium and the maximum they will cover in a total-loss scenario.
We deliver reinstatement cost assessments of exceptional quality and accuracy, underpinned by a combination of technical rigour, market insight, and practical experience. Our team draws on expertise from experienced chartered building surveyors with a thorough understanding of construction costs, building pathology, and insurance requirements, ensuring that every assessment is both robust and defensible, and verified through reference to independent costing indices. This level of expertise is particularly important in an environment where underinsurance can have significant financial consequences for property owners and investors.
A key strength lies in our detailed, evidence-based approach, as rather than relying on generic cost models or desktop assumptions, our assessments are grounded in thorough inspections and a clear understanding of each asset’s construction, specification, and use, set in context. We carefully consider factors such as building complexity, heritage requirements, site constraints, and location-specific cost drivers, thus ensuring that reinstatement values accurately reflect the true cost of rebuilding, including demolition, professional fees, and compliance with current regulations.
Our service is highly responsive to the needs of clients, particularly institutional investors, lenders, and portfolio owners. We understand the commercial context in which reinstatement figures are used, whether for insurance placements, risk management, or reporting purposes. As a result, we provide clear, well-structured outputs that are easy to interpret and ready for immediate use, often across large and diverse property portfolios. Our ability to manage multiple instructions efficiently, while maintaining consistency and accuracy, is a key differentiator.
We pride ourselves on our proactive approach to risk management, adding value by highlighting areas of uncertainty, advising on appropriate review cycles, and identifying assets that may be at risk of underinsurance due to changes in construction costs or building alterations. This forward-thinking mindset helps our clients maintain accurate coverage over time and supports better-informed decision-making.
Our effectiveness in delivering reinstatement cost assessments stems from a combination of technical excellence, attention to detail, and client-focused delivery. Our output provides confidence to clients and insurers alike, ensuring that buildings are appropriately insured and that potential risks are properly understood and managed.
What our clients say
"JH provide key advice in ensuring we maximise quality and minimise cost across our sites, while dealing with the nuances that each Cat A space brings. We would recommend Jones Hargreaves to any corporate firm with a requirement for good quality Project Management."
"Over the last few years, Jones Hargreaves have provided an excellent service. In addition to providing sound technical advice, they have overlaid that at all times. All members of the team have been very responsive and highly effective, which has been a vital support for our growing business in the UK."
"They stayed engaged long after the contract ended, which says everything."
"Jones Hargreaves are a key supplier to LXi and a critical part of our consultant team infrastructure. Their responsiveness and turnaround times are second to none. The teams’ partner led service is of excellent quality and gives us enormous comfort that the risks associated with real estate acquisition and asset management are mitigated wherever possible. Even more importantly they are always on the end of the phone to discuss progress and strategy and provide comfort where required."
"Jones Hargreaves are advisors who we regularly appoint for due diligence, project and dilapidations instructions. We value the quality of their advice and responsiveness to requests."
"We have always found Jones Hargreaves to be responsive, diligent and commercially driven. We enjoy working with Jones Hargreaves and would happily recommend their services to others."
"We have engaged Jones Hargreaves on a number of instructions ranging from dilapidations to contract administration and have always found the team to be highly responsive, proactive and effective. We would thoroughly recommend their services."
"JH started working with Ribston undertaking acquisitions surveys and have progressed to overseeing large refurbishments projects on our behalf, including the project management of the demolition and redevelopment of a large 5-acre site, which will have a build contract on phase one of £3.5m. Jones Hargreaves deploy the skills to undertake all of their required roles competently and effectively."
"We have worked with Jones Hargreaves for a number of years on a range of instructions, primarily dilapidations surveys and the contract administration of refurbishment works. We have always found the team to be responsive, diligent and commercially driven and look forward to working with them in the future."
"Jones Hargreaves has been an exceptional partner to the Mileway team, consistently delivering high-quality work that is both timely and budget-conscious. Their commercial insight and proactive approach ensure smooth collaboration, with every project being handled with precision and attention to detail."
Featured projects
Other projects like this one...
We understand the complexities of modern construction. Our approach cuts through the noise to deliver what matters most.
