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re: Construction Estimators: Need a little help figuring Builders Risk
Posted on 12/30/16 at 9:52 am to baseballmind1212
Posted on 12/30/16 at 9:52 am to baseballmind1212
quote:
Going to have to be more specific on the types of projects. It varies based on the building.
typically tenant build outs, single story, metal studs, non combustibles. Occasionally ground up commercial construction. Nothing too large, typically under $1 million.
Obviously I'm not trying to get exact, I'm just trying to make sure I have enough for builders risk insurance coverage
4
Posted on 12/30/16 at 10:06 am to Emteein
how are you capable of quoting projects yet not know a replacement cost project of said project?
Posted on 12/30/16 at 10:15 am to Emteein
Builders Risk is typically on a per project basis so you will need to get a quote for each job. Your agent will have a form for you to fill out but if you are typically under 1 mm the you will likely always pay the min policy rate.
Posted on 12/30/16 at 10:31 am to Emteein
ten the4 builder's risk is carried by the owner. Often there is a deductible.
You need to attack builder's risk on a project by project basis, and in the event you elect to cover the deducted amount, you need to decide that for yourself.
You need to attack builder's risk on a project by project basis, and in the event you elect to cover the deducted amount, you need to decide that for yourself.
Posted on 12/30/16 at 1:37 pm to Emteein
quote:
Obviously I'm not trying to get exact
Yep, sounds like a builder's estimate.
This post was edited on 12/30/16 at 1:38 pm
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