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Replacement value. The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or " replacement cost value " is one of several methods of determining the value of an insured item.
The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company. It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. [3] [4] [citation needed] Travelers is incorporated in Minnesota, with headquarters in ...
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate.
Common area maintenance charges ( CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property.
By 2018, the three-mile (4.8 km) extension was expected to cost $55 million: $20 million from Road Repair and Accountability Act funds, $30 million in Regional Measure 3 funds, and a $5 million federal grant. By November 2019, the cost estimate had increased to $65 million with construction starting in 2020.
Generalised cost. In transport economics, the generalised cost is the sum of the monetary and non-monetary costs of a journey. [1] [2] It is sometimes used as a basis for judgements of transit accessibility and equitable distribution of public transit resources. [3]
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The travel cost method of economic valuation, travel cost analysis, or Clawson method is a revealed preference method of economic valuation used in cost–benefit analysis to calculate the value of something that cannot be obtained through market prices (i.e. national parks, beaches, ecosystems). The aim of the method is to calculate ...