Name: Calibre Commercial Inspections
Address: 10400 Overland Road, Ste 250, Boise, ID, 83709, US
Telephone: +1-208-305-6245

Why it matters

ASTM E2018 describes opinions of cost as budgetary projections that help the user understand building condition. Actual prices vary with contractor, timing and scope found during repair. Reports often show ranges and list exclusions.

Source: store.astm.org

Where we discuss it

Related terms

Cost to Cure: Cost to cure is an itemized list of deficiencies found in a building inspection with an estimated cost to repair or replace each one, used for negotiation and capital planning.
Immediate Repairs: Immediate repairs are corrections to physical deficiencies that need prompt action because of an imminent life-safety issue, likely system failure or cost escalation, or recorded building or fire code violations.
RSMeans: RSMeans is a construction cost database published by Gordian that estimators use to price labor, materials and equipment for building and repair work.
Property Condition Report (PCR): A property condition report is the written work product of a property condition assessment, documenting the findings and opinions developed from the walk-through survey, document review, interviews and opinions of cost for suggested remedies.

Full glossary

Opinion of Probable Cost (OPC)

Why it matters

Where we discuss it

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