Current Replacement Value definition
Examples of Current Replacement Value in a sentence
Specifically, analyzing and projecting deficiency costs, Current Replacement Value for each facility, Facility Condition Indices (FCI), and multi-year expenditure forecasts.
The Annual Rent is calculated as follows: Building’s Current Replacement Value (“CRV”) x % (City’s Proportionate Share) = City’s Proportionate Replacement Value x 2% (Operations and Maintenance Costs) = Annual Rent The CRV is determined by ODF every five (5) Lease Years, and for the intervening Lease Years is increased two and one half percent (2.5%).
Krikawa sets the advertised Selling Price at 20% below the Current Replacement Value.
The base formula for the buildings maintenance fee charged to each division is: Buildings Maintenance Fee = Current Replacement Value x Maintenance Rate Current replacement value (CRV) for buildings is the estimated cost to replace a building based on RSMeans (the dominant construction industry data firm) construction costs for basic labor, materials, and equipment.