ABSTRACT
The definitive guide to measurement and estimating using NRM1, written by the author of NRM1
The 'RICS New rules of measurement: Order of cost estimating and cost planning of capital building works' (referred to as NRM1) is the cornerstone of good cost management of capital building works projects - enabling more effective and accurate cost advice to be given to clients and other project team members, while facilitating better cost control.
The NRM1 Cost Management Handbook is the essential guide to how to successfully interpret and apply these rules, including explanations of how to:
- quantify building works and prepare order of cost estimates and cost plans
- use the rules as a toolkit for risk management and procurement
- analyse actual costs for the purpose of collecting benchmark data and preparing cost analyses
- capture historical cost data for future order of cost estimates and elemental cost plans
- employ the rules to aid communication
- manage the complete 'cost management cycle'
- use the elemental breakdown and cost structures, together with the coding system developed for NRM1, to effectively integrate cost management with Building Information Modelling (BIM).
In the NRM1 Cost Management Handbook, David Benge explains in clear terms how NRM1 is meant to be used in familiar quantity surveying tasks, as well as a range of activities of crucial importance for professionals in years to come. Worked examples, flow charts, diagrams, templates and check lists ensure readers of all levels will become confident and competent in the use of NRM1. This book is essential reading for anyone working with NRM1, and is the most authoritative guide to practice available for those preparing to join the industry.
TABLE OF CONTENTS
part |28 pages
Introduction
chapter |13 pages
Cost management
chapter |12 pages
Cost estimating and cost planning
part |106 pages
Order of cost estimates
chapter |3 pages
Order of cost estimates – an overview
chapter |18 pages
Commencing an order of cost estimate
chapter |10 pages
Preparing an order of cost estimate
chapter |14 pages
Computing the works cost estimate
chapter |22 pages
Order of cost estimate – a worked example
chapter |8 pages
Initial elemental cost model – a worked example
part |313 pages
Cost planning
chapter |15 pages
Cost planning – an overview
chapter |9 pages
Format, structure and codification of cost plans
chapter |9 pages
Preparing a cost plan
chapter |13 pages
Facilitating works (group element 0)
chapter |29 pages
Substructure (group element 1)
chapter |41 pages
Superstructure (group element 2)
chapter |10 pages
Internal finishes (group element 3)
chapter |7 pages
Fittings, furniture and equipment (group element 4)
chapter |44 pages
Services (group element 5)
chapter |6 pages
Prefabricated buildings and building units (group element 6)
chapter |13 pages
Work to existing buildings (group element 7)
chapter |43 pages
External works (group element 8)
chapter |4 pages
Calculating the building works estimate
chapter |13 pages
Main contractor's preliminaries (group element 9)
chapter |3 pages
Main contractor's overheads and profit (group element 10)
chapter |3 pages
Calculating the works cost estimate
part |77 pages
Estimating cost targets for non-building works items and risk allowances
chapter |16 pages
Project and design team fees (group element 11)
chapter |5 pages
Other development and project costs (group element 12)
chapter |31 pages
Setting and managing risk allowances (group element 13)
chapter |10 pages
Estimating the possible effects of inflation (group element 14)
chapter |3 pages
Establishing the cost limit
chapter |7 pages
Taxes and incentives
part |29 pages
Writing cost estimate and cost plan reports
chapter |27 pages
Reporting of cost estimates and cost plans
part |19 pages
Designing pricing documents using NRM 1
chapter |17 pages
Pricing documents
part |7 pages
Analysing bids and collecting data using NRM 1