When to Commission a Building Survey or Valuation: A Guide for RMCs
One of a Residents’ Management Companies (RMCs) most important responsibilities is ensuring that the building is adequately insured. This means knowing when to commission a building survey or reinstatement cost assessment (RCA). Inaccurate or outdated valuations can result in underinsurance, leaving leaseholders vulnerable to financial shortfalls in the event of a major incident. Conversely, overinsurance [...]