Documented policies and procedures. Cost estimates are requested by Department Heads. A request for service form must be sent to the Real Estate Section. External sources of information are used by appraisers in preparing cost estimates. Internal sources of information are used by appraisers in preparing cost estimates.
Appraisers perform a visual inspection of the property when an estimate is requested.
Cost estimate documentation is retained in Department files. All costs are estimated and totalled. An inflation factor is applied to total cost based on the proposed date of construction. Department appraisers must complete an estimate work sheet for each property they evaluate. Department appraisers meet with supervising appraiser to finalize estimates before they are sent to requester.