What is building cost data used for?
Building cost data is used to develop replacement or reproduction costs, depreciation values and insurable values of buildings and other improvements. Marshall & Swift data has become the industry benchmark for preliminary budget feasibility and design alternative/life-cycle costing; energy audits; estimating and bidding for new construction or partial loss and damage repair; evaluations for lending, assessing, insurance and rate-setting purposes; real estate listing and market comparable tools; sinking funds and reserve estimates and for the valuation of special purpose properties.
