NEW & EXISTING CLIENTS

Private Residential

The below fee structure is only applicable for clients with a maximum of 1000 movable assets. If the assets exeeds 1000 an additional fee per asset will be charged.

Registration Fee

The Registration fee for new and existing clients is payable on registration for the first year only. The annual renewal fee is payable Pro Rata at the end of November. You may document up to three vehicles free of charge, applicable on all options.

OPTION 1
NID has done my buildings valuation in the past and I would like to link the valuation to the NID Asset Management App
OPTION 2
I do not have a building valuation. I would like to do my own Building valuation on the NID App with the measurements provided by myself
OPTION 3
NID has done my asset inventory in the past and I would like to link my assets portfolio to the NID Asset Management App. I would like NID to value all the newly added assets in the future
OPTION 4
I do not have an asset inventory and I would like to do my own asset register on the NID App and I will provide my own values per asset
OPTION 5
I do not have an asset inventory and I would like to do my own asset register on the NID App but I would like NID to value my assets with the latest replacement values
OPTION 6
I do not have a building valuation and I would like to do my own Building valuation on the NID App but I would like the Qualified NID Quantity Surveyors to confirm the valuation based on my measurements

R150.00

Annual Renewal Fee

R250.00

R250.00

Annual Renewal Fee

R250.00

R300.00

Annual Renewal Fee

R250.00

R300.00

Annual Renewal Fee

R250.00

R450.00

Annual Renewal Fee

R250.00

R650.00

Annual Renewal Fee

R250.00

Additional Service Fees

Should you make use of the options where NID is involved regarding building valuations and/or replacement values on newly added movable assets, the applicable once-off registration fee will apply. The annual registration fee for these services is payable Pro Rata at the end of November. The reports are only available for one year where after the update fees will apply. During the first year reports can be requested whenever the user decides to do so.

EXISTING CLIENT

NID has done my asset inventory in the past and I would like to link my assets to the NID Asset Management App

NEW & EXISTING CLIENTS

By selecting any of these options, you will gain full access to the NID Asset Management App that allows you to add, edit, delete and claim assets. You can either value your assets yourself, or ask NID to do it for you. All our reports are available on request from the client, at any time. The registration fee of R300.00 is renewable annually.

Residential
An asset register comprises of a detailed list of all your moveable assets with their respective replacement values, allowing you to accurately insure and manage your assets.

Should you decide to make use of the NID APP and you are a first time user, please note that the registration fee of R300.00 is mandatory for the first time and renewable annually. All fees are VAT inclusive
Commercial & Government Institutions
By law, every Government Institution like Schools, Municipalities, Hospitals etc., should have an accurate record of their movable and fixed assets. An asset register comprises of a detailed list of all your moveable and fix assets with their respective replacement values, allowing you to have a positive outcome during your annual Audit. The asset inventory will also assist you to accurately insure and manage your assets.

BUILDING REPLACEMENT VALUATIONS
We have utilized the most widely used method of approximate estimation to obtain an indication of the construction cost of a building which is the inclusive rate method, also referred to as the rate per square meter method, as if the building was unscored and had no defects. This estimate is based on current competitive building costs and the Pre-contract Escalation Factor is calculated on the monthly Forecasts of the BER Building Cost Index: 2014 - 2016.

All you need is the measurements in square meters or meters of all the property improvements.

VEHICLE DETAIL
You can upload up to three vehicles free of charge.

CLAIMS
Log onto the NID APP, find the asset, flag it as 'Claimed', and NID will send a claims report with images and the latest replacement value to you, your insurer and broker.

 
 
THE REGISTRATION FEE OF R300.00 IS RENEWABLE ANNUALLY