PROPERTYADVICE

Building Surveying terms explained

Building Survey is a detailed inspection and evaluation of the condition of a property and identification of defects prior to a commercial property transaction. The purpose is to identify issues that may affect the value of property assets.  This may result in further negotiations in relation to purchase price or limitation of repairing liabilities.

Schedules of Condition detail the condition of a property and identify defects at the commencement of a lease or prior to adjacent development works. Schedules of Condition can prove invaluable by limiting Tenants or Occupiers future liability.

Traditionally Building Surveyors have been involved in Repair, Refurbishment and Fit-out Contracts under the role of Contract Administrator (CA). This is a demanding role that involves the design, specification, procurement/tendering, implementation and cost control of repair, refurbishment and fit out projects. The CA can also coordinate other specialist design team members and obtaining Statutory Consents such as Building Warrant, Planning and Listed Building Consents. 

Building components deteriorate over the life of a building. Planned Maintenance is an important strategic function ensuring that cyclical repairs and redecoration are carried out in an organised manner thus reducing the likelihood of more costly reactive emergency repairs. Carried out correctly, planned maintenance will provide a cost effective means of preserving building components, retaining occupational functionality, extending the life of buildings and improving property value.

Dilapidations is the process of identifying breaches of lease obligations in commercial property and agreement of the liabilities in relation to these breaches. This can involve carrying the necessary works or agreement of an equivalent Settlement Sum. This is an area of Building Surveying in which we specialise. Whether acting on behalf of a Landlord or a Tenant this requires significant technical skills and legal knowledge. Dilapidations assessments can also be undertaken to identify the extent of dilapidations liabilities as part of a relocation strategy.

Building Reinstatement Cost Assessments (RCA) is a professional evaluation of the cost associated with reinstating a property or site in the event of total destruction. Most UK Insurance Companies will insist that a RCA is undertaken by a suitably qualified Construction Professional. An accurate reinstatement cost assessment will adequately cover reinstatement liabilities and could also save money on insurance premiums.