A building was constructed in stages over the last 25 years. It is desired to know the 2002 replacement cost for insurance purposes. The building has had two additions since the original 1981, $300,000 portion was built. The first addition was in 1990 at a cost of $200,000, and the second addition came in 1994 at a cost of $300,000. The historical cost indices are as follows: 2002 100.0 = HCl 1994 49.8 = HCI 1990 34.6 = HCI 1981 23.9 = HC1

A building was constructed in stages over the last 25 years. It is desired to know the 2002 replacement cost for insurance purposes. The building has had two additions since the original 1981, $300,000 portion was built. The first addition was in 1990 at a cost of $200,000, and the second addition came in 1994 at a cost of $300,000. The historical cost indices are as follows: 2002 100.0 = HCl 1994 49.8 = HCI 1990 34.6 = HCI 1981 23.9 = HC1

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter18: Life-cycle Costing

Section: Chapter Questions

Problem 18RQ

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