Scope Evaluation
Scope Evaluation service
In the immediate aftermath of a catastrophic event, CCi’s scope evaluation service offers considerable benefit to insurers, loss adjusters, and policyholders in response to large and complex claims.
In the days after a loss occurs, CCi’s accredited estimators and cost engineers will generate initial rough orders of magnitude, developing through to more detailed estimates as the scope of damage evolves, and contractor tender documentation is received.
We use industry recognised estimating software, commonly utilised by major operators/owners. In the right hands, this software develops estimates to support conceptual design analysis, detailed FEED studies, pre-tender CAPEX approval/budgeting, and bid/tender benchmarking across an array of assets.
What is Scope Evaluation?
Scope evaluation offers a ‘ground-up’ estimate of the reinstatement cost, allowing loss adjusters and insurers to examine relevant policy terms. This involves identifying specific elements of reinstatement for considering the application of sub-limits, exclusions, and so on. It provides a more stable and consistent scenario for reserving purposes, whether that involves initial placeholders for precautionary Incurred But Not Reported (IBNR) or case reserves within a 45, 90, or 180-day window.
For many catastrophic events, a fully developed operational design will exist, along with information such as detailed equipment lists and operational parameters. In fact, most of the material contained within a detailed underwriting submission is all that is needed for CCi’s estimators to immediately start developing an early cost estimate, alongside considerations for demolition/removal or wreck, allowing the process to be significantly fast-tracked.
Our expertise
Our team of experienced professionals is well-versed in construction management, engineering, and project development. They bring a wealth of knowledge and skills to the table, allowing them to effectively estimate, evaluate, and verify project scopes across various construction sectors, including:
- Upstream and Downstream Energy
- Commercial
- Industrial
- Power
- Renewable
- Infrastructure
Our dedicated consultants specialise in brownfield and greenfield estimating on CAPEX (Capital Expenditure), OPEX (Operational Expenditure) and ABEX (Abandonment Expenditure) projects.
Contact us
Contact us to discuss how we can add value to your construction endeavours by ensuring that your repair estimate and case reserving is well-defined, feasible, and aligned with your vision.