Replacement Cost Estimate (RCE) Services

Construction workers in a building in development
Construction workers in a building in development

Replacement Cost Estimate (RCE) Services

When it comes to protecting your commercial real estate investment, understanding the true replacement cost of your asset is an important task. Whether you’re developing a new project, underwriting insurance, or evaluating risk, accurate replacement cost calculations are a foundational step for smart decision-making. That’s where we come in—with industry-recognized tools and experience perfoming thousands of replacement cost calculations.

Why Replacement Cost Matters

 

Replacement cost refers to the estimated cost to rebuild a structure using current materials and construction methods at today’s prices. It’s essential for:

  • Insurance coverage and compliance

  • Feasibility studies and due diligence reviews

  • Risk management and portfolio planning

  • Property Condition Assessments (PCAs)

 

 

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When You Need Replacement Cost Services

You may need a professional replacement cost estimate if you’re:

  • Securing or renewing commercial property insurance

  • Conducting a Property Condition Assessment (PCA)

  • Reviewing hard cost budgets in early development phases

  • Evaluating risk exposure across a real estate portfolio

  • Involved in financing or refinancing a commercial asset

Key Factors Affecting the Scope & Timeline

 

  • Building Size & Complexity
  • Inspection & Data Collection
  • Cost Research & Analysis
  • Final Report Format and Level of Detail

At Pond Robinson, we leverage industry-leading tools and decades of expertise to deliver accurate, reliable, and timely replacement cost estimates tailored to your property.

Request a Proposal.

Real Estate Lifecycle Services

Our experience throughout the lifecycle of thousands of real estate assets allows us to better serve our clients; providing actionable consulting services that result in real value for investors and operators.


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Acquisition

Assessments and due diligence for acquisitions.

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Asset Management

Capital assessments & planning, project oversight, and other services for owned assets.

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Disposition & Recapitalization

Assessments to understand risks and condition of assets, prior to disposition or recapitalization.

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Development Due Diligence

Construction drawing, document, budget review and other services for development projects.

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Construction Oversight

Oversight of quality, schedule, payments, budgets, and contract procedures.

Property-Level Services

Property Condition Assessments by experienced professionals with a broad knowledge of all building systems. Our assessments are defined by:

  • Timely execution for due diligence schedules.
  • Thorough field engineering and document analysis.
  • Detailed and reliable opinions of cost.
  • Comprehensive reporting and photographs.

Development consulting services rooted in engineering & architectural principles; with services that span the project lifecycle:

  • Site & Development Feasibility Analysis
  • Comprehensive Document and Design Review.
  • Construction Monitoring, Oversight, and Draw Review.
  • Close-Out Reporting and Warranty Inspections

As consulting engineers and architects, we apply the appropriate disciplines necessary to assess, design, and restore or enhance owned-assets and building systems. This includes:

  • Planned Capital Projects
  • Tenant Improvements
  • Emergency Repairs & Insurance Claim Oversight
  • Sustainability & Resilience & Building Optimization projects.

Seasoned engineers and architects with experience addressing unique challenges and specialized building systems and an institutional network of established specialty subconsultants for every building system and assessment type.

  • Assessments for all building systems.
  • Actionable recommendations.
  • Extensive and high quality specialist network.

Sustainability, risk, and resilience assessments integrated with our development consulting, asset management, and property condition assessment services. This approach enables stakeholders to explore sustainable and risk-adverse initiatives during investment evaluations and during capital project assessments. This includes:

  • Sustainability and efficiency assessments for acquisitions, developments, and owned assets.
  • Climate Risk & Resilience assessments for asset managers, risk managers and ESG+R leadership.

Advisory Services Leadership

Justin Lia

Co-President and Chief Growth Officer

ustin Lia is the Chief Growth Officer of Pond, Robinson & Associates and brings over 25 years of diverse experience in commercial real estate. Having grown up in a family of contractors, engineers, architects and developers commercial real estate is a big part of Mr. Lia’s life. Mr. Lia has worked as a contractor, a construction inspector, a design engineer, a forensic engineer, a broker, a developer, and extensively as a real estate due diligence advisor for both transactional and occupier clients. His specialty is leveraging his extensive experience in commercial real estate to understand complex real estate transactions and guide clients through technical scopes of work that mitigate risk in their investments and manage the lifecycle costs of their buildings. Mr. Lia has been a registered professional engineer for over 20 years.

 

As a civil engineer, Mr. Lia was responsible for preparing commercial and residential site plans, due diligence reports/feasibility analyses, entitlements, infrastructure assessments (projects up to $3.7B), building inspections, and various structural and geotechnical engineering services. Clients include both public and private on a host of projects ranging from a runway extension on an air force base, slope stability for a Department of Energy particle collider, to the feasibility of large mixed-use sports and gaming complexes, to the structural design and retrofit of retail centers, to large earth retaining and waterfront structures, and a variety of others across all asset types. Mr. Lia has guided clients through the physical, environmental and capital planning due diligence process on many of the largest, most valuable buildings in the United States including: The Bellagio Hotel and Casino, the Willis Tower, multiple movie studios, a 15MM SF industrial/warehouse portfolio, large hospital/MOB portfolios, large multifamily portfolios, sale-leaseback transactions, retail malls, and many large office complexes. Mr. Lia is a subject matter expert in site, civil, geotechnical engineering, and real estate due diligence, and has served as an expert witness.

Education

Bachelor of Science, Civil Engineering, University at Buffalo

Introduction to Corporate Finance, University of Pennsylvania

Registrations

Professional Engineer, New York, 2004

STAAD Certified Engineer

OSHA 10 Hour Construction Safety and Health

A.CRE Accelerator Certificate (CRE Financial Modeling)

LEED AP Building Design + Construction, USGBC

Rebecca Fischer

Director of Construction Services

Rebecca L. Fischer is the Director of Construction Services at Pond, Robinson & Associates and brings over 25 years of facilities and construction consulting experience to the firm. Ms. Fischer has been involved in the design and construction of several new facilities, development and construction monitoring of large projects, and the assessment of existing buildings nationwide.  She has over 21years of experience at PR&A working with our Investment and Asset Management clients on high profile development projects including high-profile resorts, office and residential complexes, and multi-family projects with total project costs of up to $935M.  Through her experience with development and construction projects she has cultivated an understanding of site development, building construction administration, specifications, scheduling, quality assurance, cost control, and project management issues. She is a registered LEED® AP BD+C professional which has helped clients achieve their sustainability goals within their portfolio.

As Director of Construction Services, Ms. Fischer is tasked with client relations, coordination of services, mentorship and management of personnel, continuing education, and the quality maintenance of the construction related services and reporting. She is also actively involved in the construction administration and monitoring of several projects. Her years of experience allow here to add value for her clients related to budget, scheduling, quality control, and assessment of building components and design including the building envelope and accessibility.

Education

Bachelor of Science, Civil Engineering, Texas A&M University, 1997

Master of Engineering, Civil Engineering, Texas A&M University, 1999

Registrations

Professional Structural Engineer, Texas since 2003

LEED® AP BD+C since 2012

David Jones

Director of Real Estate Services

David Jones brings over ten years of well-rounded experience in design, construction, facility assessments and project management to Pond, Robinson & Associates.  His role is to serve as bridge for clients, helping them understand and develop the right technical or project management approach to each investment or exchange. Mr. Jones has provided services to institutional real estate investors and lenders and many developers and contractors.

Mr. Jones has experience with property condition evaluations and construction observation and compliance reviews related to all asset types, including commercial office, industrial, retail, and multi-family improvements.  His consulting experience includes comprehensive reviews of design documents for planned projects, performing evaluations of existing properties, and acting as the owner’s representative during the construction of properties of various sizes and complexities.

Education

Bachelor of Science, Construction Management, University of Houston, Houston, Texas

Registrations

Associate Constructor, American Institute of Constructors, License 10711

LEED® Green Associate™, Green Business Certification Inc. Credential ID 11131858

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Browse Our Website to Understand How Our Expertise Translates into Successful Outcomes for Our Clients.

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Fancy Office Building Lobby

Discover the Impact of Our Work

Browse Our Website to Understand How Our Expertise Translates into Successful Outcomes for Our Clients.

Explore Now