An EICR is an Electrical Installation Condition Report and some times referred to by landlords as a Landlords Electrical Safty certificate and many other similar names.
They are essentialy the same thing just produced for a different purpose. They are to accertain the suitability of the Electrical installation for Continued use.
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The time taken is about a day but does change depending on details like if the property is empty or in use. Power will have to go off for most of the time the inspection is happening but alternative arrangments can be worked out where there is Life Sustaining Equipment required.