Do you know how much your land and property compensation costs will be. It’s not uncommon for major infrastructure projects to come under the spotlight when costs increase and budgets are exceeded.
Whilst we may not know how property prices will change during a project’s life, a robust and detailed property cost estimate with frequent updates will allow this element to be kept up to date, and the risk of increases identified at an early opportunity. It can also help the decision making process where there are multiple scheme designs.
Bruton Knowles have been providing property cost estimates for many years. We have a dedicated team of compensation specialists with a background in general and rural practice surveying and valuation, with experience on a large number of schemes from the smallest junction improvement to the largest new road or rail route.
We can deal with complex agricultural cases, development land and commercial and residential properties, in addition to planning issues and special categories of land.
We can work with the scheme promoter, engineers and other consultants from the earliest scheme incarnations, providing advice and dealing with specific issues such as advance acquisitions as a scheme progresses, as well as dealing with compensation claims once construction starts.
Our reports are tailored to clients’ needs and typically include:
- A brief explanation of the methodology and relevant legislation
- What is included and excluded
- Commentary on specific issues
- Identified compensation risks
- A compensation summary by heads of claim
Once set up, a property cost estimate can quickly and easily be updated to reflect changing prices and changes on the ground, or different inflation scenarios.