Alberta Municipal Affairs has produced this manual as a service to municipalities and other property assessment stakeholders. The manual establishes typical replacement costs for metal buildings and properties based on 2001 replacement costs. These buildings are primarily used in the oil and gas industry. The benchmark to establish costs for the Alberta 2001 Metal Buildings Cost Manual are typical 2001 replacement costs in the Edmonton area. The manual uses the full cost pricing of all typical building components including conventional mark-up. If supply and demand for buildings are relatively equal, the cost approach should establish a cost base given short-run fluctuations in supply and demand.