http://constructco.ca/schedule-b

Schedule “B”

Examples of the calculation of the Claim amount for determining

Fee for Estimate if Constructco does not carry out restoration project

 

Example 1 (Estimate AFTER Adjuster’s Initial Appraisal)
Restoration $22,000
Emergency Clean-Up (not performed by Constructco) $1,000
Packout & Storage (not performed by Constructco) $1,000
All Other Items (not performed by Constructco) $1,000
Adjuster’s Initial Appraisal $25,000
After Constructco’s Estimate
Restoration (not performed by Constructco) $27,000
Emergency Clean-Up (not performed by Constructco) $1,000
Packout & Storage (not performed by Constructco) $1,000
All Other Items (not performed by Constructco) $1,000
Claim Settlment Amount $30,000
Deposit toward Fee for Estimate $695
Total Fee for Estimate ($30,000 – $25,000 = $5,000 x 20%) $1,000
Balance of Fee for Estimate Due ($1,000 – $695) $305
Example 1 – Returned to Owner by Constructco

($30,000 – $305)

$29,695

Example 2 (Estimate AFTER Adjuster’s Initial Appraisal)

Restoration $22,000
Emergency Clean-Up (not performed by Constructco) $1,000
Packout & Storage (performed by Constructco) $1,000
All Other Items (not performed by Constructco) $1,000
Adjuster’s Initial Appraisal $25,000
After Constructco’s Estimate
Restoration (not performed by Constructco) $27,000
Emergency Clean-Up (not performed by Constructco) $1,000
Packout & Storage (performed by Constructco) $1,000
All Other Items (not performed by Constructco) $1,000
Claim Settlment Amount $30,000
Deposit toward Fee for Estimate $695
Total Fee for Estimate ($30,000 – $25,000 = $5,000 x 20%) $1,000
Balance of Fee for Estimate Due ($1,000 – $695) $305
Packout & Storage Fee $1,000
Example 2 – Returned to Owner by Constructco

($30,000 – ($305 + $1,000)

$28,695
Example 3 (Estimate AFTER Adjuster’s Initial Appraisal)
Restoration $22,000
Emergency Clean-Up (not performed by Constructco) $1,000
Packout & Storage (not included by Adjuster) $0
All Other Items (not performed by Constructco) $1,000
Adjuster’s Initial Appraisal $24,000
After Constructco’s Estimate
Restoration (not performed by Constructco) $27,000
Emergency Clean-Up (not performed by Constructco) $1,000
Pack out & Storage (recommended & performed by Constructco) $1,000
All Other Items (not performed by Constructco) $1,000
Claim Settlement Amount $30,000
Deposit toward Fee for Estimate $695
Total Fee for Estimate ($30,000 – $24,000 = $6,000 x 20%) $1,200
Balance of Fee for Estimate Due ($1,000 – $695) $505
Pack out & Storage Fee $1,000
Example 3. Returned to Owner by Constructco

($30,000 – ($505 + $1,000)

$28,495
Example 4 (Estimate AFTER Adjuster’s Initial Appraisal)
Restoration $22,000
Emergency Clean-Up (not performed by Constructco) $1,000
Packout & Storage (not included by Adjuster) $0
All Other Items (not performed by Constructco) $1,000
Adjuster’s Initial Appraisal $24,000
After Constructco’s Estimate
Restoration (not performed by Constructco) $27,000
Emergency Clean-Up (not performed by Constructco) $1,000
Packout & Storage (recommended but not performed by Constructco) $1,000
All Other Items (not performed by Constructco) $1,000
Claim Settlment Amountd $30,000
Deposit toward Fee for Estimate $695
Total Fee for Estimate ($30,000 – $24,000 = $6,000 x 20%) $1,200
Balance of Fee for Estimate Due ($1,200 – $695) $505
Example 4. Returned to Owner by Constructco

($30,000 – $505)

$29,495

Examples continue next page.

Example 5 (Estimate BEFORE Adjuster’s Initial Appraisal)
Restoration (not performed by Constructco) $25,000
Emergency Clean-Up (not performed by Constructco) $1,000
Packout & Storage (not performed by Constructco) $1,000
All Other Items (not performed by Constructco) $1,000
Claim Settlment Amount $30,000
Deposit toward Fee for Estimate $895
Total Fee for Estimate ($30,000 x 5% ) $1,500
Balance of Fee for Estimate Due ($1,500 – $895) $605
Example 5. Returned to Owner by Constructco

($30,000 – $605)

$29,395
Example 6 (Estimate BEFORE Adjuster’s Initial Appraisal)
Restoration (not performed by Constructco) $25,000
Emergency Clean-Up (not performed by Constructco) $1,000
Packout & Storage (performed by Constructco) $1,000
All Other Items (not performed by Constructco) $1,000
Claim Settlment Amount $30,000
Deposit toward Fee for Estimate $895
Total Fee for Estimate ($30,000 x 5% ) $1,500
Balance of Fee for Estimate Due ($1,500 – $895) $605
Packout & Storage Fee $1,000
Example 1. Returned to Owner by Constructco

($30,000 – ($605 + $1,000)

$28,395