Fire reinstatement valuations
Delaney Marling Partnership (DMP) has undertaken fire reinstatement valuations for academy schools in Hull & East Riding of Yorkshire. DMP calculates the cost of each element involved in reinstating a school building in the event of a fire, according to guidance from RICS and the Insurance Industry Regulators. This valuation provides a school and its insurer with the correct level that the building should be insured for. In the past the method had been to calculate using a M2 costing however, when this was tested in a fire situation it was found to under estimate the cost to rebuild a property, leaving a gap in the insurance funding.
DMP provided Beverley Grammar School in East Yorkshire with an asset management plan to highlight maintenance requirements over a 10 year period. In it a number of issues were discovered in the 100 year old library building and the asset survey identified that the main water storage tanks for the school’s heating system were sitting in the roof void in very poor condition. The presence of asbestos meant that the tanks had not been inspected for a number of years and the area was sealed off, leaving the school at risk from a number of issues that might have been detrimental under Health & Safety.
However, following advice from DMP the school was able to bid for DfEE funding for a number of projects, one being the full library refurbishment.
Academy schools that are experiencing issues such as these could be eligible for similar funding. Please visit www.delaneymarlingpartnership.co.uk or call 01482 623955 to find out.