Reproduction cost definition

Reproduction cost means the cost to repair, replace or restore with material of like, kind and quality compatible with those originally used, including the cost of skilled labor and/or authentic materials necessary to restore the property, provided they are available, as nearly as possible to its original condition. However, if any materials or workmanship needed to repair, replace or restore a building or structure are not reasonably available then materials and workmanship that most closely resembles the condition before the loss shall be used to repair, replace or restore the building or structure.

Reproduction cost means the estimated cost to reproduce an item or property or other asset currently owned at current prevailing prices.

Reproduction cost means the estimated cost of

Examples of Reproduction cost in a sentence

• However, where a third party’s records are stored at an independent storage facility that charges the third party a search fee to search for, repro- duce, or transport particular records requested, these fees are considered to be directly incurred by the summoned third party.(2) Reproduction cost.

• Reproduction cost would result in reconstructing the item as is, using manufacturing/construction techniques and standards applicable at the time the asset (and any modifications) entered service.

• Reproduction cost is the estimated cost to construct, at current prices, an exact duplicate or replica of the property being assessed, using the same materials, construction standards, design, layout and quality of workmanship, and embodying any functional obsolescence.

• Depreciated replacement cost application for major assets classes briefly described below: – Buildings and plants, and such items under construction status: • Reproduction cost new (“RCN”) estimation for the buildings and structures were calculated using indexing method; • Indices were applied to the historical cost.

• Reproduction cost of drawings and specifications for review, bidding, construction, and records.

More Definitions of Reproduction cost

Reproduction cost means the cost of construction of an exact duplicate at current prices using the same materials, construc- tion standards, design, layout and quality of workmanship.

Reproduction cost means the estimated cost of constructing a new building, structure, or site improvement of like size, design and materials at the site of the original

Reproduction cost means the cost of an area plus cost of land, labour and materials to replicate improvements

Reproduction cost means the cost of constructing an exact replica of the subject improvement, using cost schedules designed from a specific time. (2011 Real Property Assessment Manual and Guidelines Book 2, Glossary, pg. 19)

Reproduction cost means the estimated cost of constructing a new building, structure, or site improvement of like size, design and materials at the site of the original building, structure, or site improvement, assuming such site is clear. The reproduction cost shall be determined by using the recognized standards of an authoritative technical organization.

Reproduction cost means the cost of site plus cost of land, labour, and materials to replicate improvement�.

Reproduction cost means the cost to reproduce the damaged building or specific building features to the exact same design, decorative style and dimensions as existed at the time of loss, using identical materials with respect to kind and quality. Substitution of materials and architectural features with those of like kind and quality will be required only if the identical materials and features cannot be reasonably obtained.