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A local school has been destroyed by fire. nothing has been salvaged and the school will have to completely rebuilt. what are the three methods of determining the cost of rebuilding?

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okpalawalter8

A local school has been destroyed by fire. nothing has been salvaged and the school will have to be completely rebuilt.  the three methods of determining the cost of rebuilding are

  • Square Foot Cost
  • Unit in Place
  • and Quantity Survey Method

This is further explained below.

What is cost?

Generally,  A cost is the worth of the money that has been spent in the process of producing something or delivering a service, and as a result, it is no longer accessible for use.

This concept is utilized in manufacturing, research, retail, and accounting.

In conclusion, A local school has been destroyed by fire. nothing has been salvaged and the school will have to be completely rebuilt.  the three methods of determining the cost of rebuilding are

  • Square Foot Cost
  • Unit in Place
  • and Quantity Survey Method

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