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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06-09-2022
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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 okpalawalter8 · Answer 1 · 2022-09-16T13:25:37+02:00

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