Friday, 13 April 2012

RICS launches New Rules of Measurement NRM 1 & NRM 2

The New Rules of Measurement (NRM) are a suite of documents issued by the RICS Quantity Surveying and Construction Professional Group. These have been developed to provide a standard set of measurement rules that are understandable to all those involved in a construction project. The rules aim to take a cradle-to-grave approach to the procurement of construction projects, and include cost estimating, works procurement and post-construction procurement. 

As well as covering the traditional costs that are reflected in measurable building work, the NRM encompass a range of other issues. These include overheads, profit and inflation, and other costs including consultants' fees, land costs, and planning obligations. Guidance is also provided on dealing with tax allowances and grants. 

Part of the rationale for the new rules is to provide central governments, local governments and other public sector bodies with a value-for-money framework. More accurate cost estimation should also give reassurance to banks which are lending for construction projects. RICS supports the need to develop standard methods of measurement and reporting for sustainability across the property, land and construction sectors through the use of the NRM. Although the NRM are based on UK practice, the basic principles should be applicable globally. Read more...

NRM 1: Order of cost estimating and cost planning for capital building works, provides fundamental guidance on the quantification of building works for the purpose of preparing cost estimates and cost plans. Direction on how to quantify other items forming part of the cost of a construction project, but which are not reflected in the measurable building work items, is also provided – i.e. preliminaries, overheads and profit, project team and design team fees, risk allowances, inflation, and other development and project costs. Read More....
List Price: £45.00 Pre-Order Price £38.25 until 30th April 2012

NRM 2:detailed method of measurement for capital building works, provides fundamental guidance on the detailed measurement and description of building works for the purpose of obtaining a tender price. The rules address all aspects of bill of quantities (BQ) production, including setting out the information required from the employer and other construction consultants to enable a BQ to be prepared, as well as dealing with the quantification of non-measurable work items, contractor designed works and risks. Guidance is also provided the content, structure and format of BQ, as well as the benefits and uses of BQ.  Read More...
Price: £45.00
Pre-Order Price £38.25 until 30th April 2012

1 comment:

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