Specifications include, but are not limited to: The contractor will perform a complete reappraisal of Newfane properties. This includes the measurement and listing of each structure and the construction of all land and buildings models required to create a cost, market and income approach methodology. The contractor will study and investigate the costs of residential and commercial construction in the area based on material and labor costs in the area. The contractor will use these costs to test against known completed costs in order to test the accuracy of the study. The contractor will use unit costs as the basis of residential cost. This will require the construction of tables to represent the various units of construction and these tables are to be calibrated to demonstrate the current costs in the Town.
