System and method for determining current replacement values for new or existing landscape architectural objects

Abstract

Disclosed is a system and method for determining the current replacement value of plants, trees, shrubs, and other landscape architectural objects by identifying the object; uploading information about the object and its location to a relational database which is used to construct average current replacement values; using the database to compare identified landscape architectural objects of a specific type and at a specific size against known wholesale pricing information from nurseries across the country to select valid nursery prices; averaging all valid prices for landscape architectural objects at a single nursery to derive a nursery average; extrapolating and interpolating price points at sizes not being sold by the nursery to create a complete size/price curve for a nursery; averaging that nursery curve with all other valid nursery prices to construct a national, and regional, average; and applying a market-based multiplier against the derived average wholesale prices to accommodate for the professional installation of the landscape architectural object.

Dependencies are inferred from the claim text.