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  2. While construction and reinstatement may seem similar, they are fundamentally different. Construction is about creating something new, while reinstatement is about repairing something that already exists. Understanding these differences is crucial when deciding which term to use in different situations.
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    What is the difference between reinstatement and construction?is that reinstatement is the act of restoring something to its previous state while construction is the process of constructing. The act of restoring something to its previous state. Many people are unhappy with the sacking of the chief constable and demand his immediate reinstatement . The process of constructing.
    How long does it take to reinstate a building?The amount of time that it takes to complete reinstatement work will vary depending on the size and scope of the project. Generally speaking, a small office or retail space can be reinstated in a few days. Larger projects, such as industrial reinstatement, can take weeks or even months to complete.
    How do I calculate the reinstatement cost of a building?5.2 To carry out the reinstatement cost assessment, the RICS member or RICS-regulated firm will need to determine the IPMS 2/GIFA measurements of the building according to RICS property measurement. 5.3 The net rebuilding cost is normally calculated by multiplying the gross internal area of the building by a suitable rate for its reconstruction.
    What happens if a building is damaged by 'indemnity by reinstatement'?If repairs to a building insured on an ‘indemnity by reinstatement’ basis are not carried out, then the insured is not entitled to an equivalent payment in cash. Instead, any claim will be based on the diminution in market value as a result of the damage.
     
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