DIFFERENCE BETWEEN REPRODUCTION RECONSTRUCTION REPLACEMENT & REINSTATEMENT
REPRODUCTION COST The amount required to reproduce a duplicate of the entire property. This is very similar to replacement cost. However, where replacement cost considers utility and function, reproduction cost considers like kind and materials. The goal would be to replace the structure as an exact replica of the original. Reproduction cost is the cost … Continue reading DIFFERENCE BETWEEN REPRODUCTION RECONSTRUCTION REPLACEMENT & REINSTATEMENT
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