NRM 1 - Order of Cost Estimating and Cost Planning for Capital Building Works: NRM 1 (New Rules of Measurement)

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The suite of documents aimed to more accurately reflect the changes that have taken place in procurement practice during the past 15 years or so, as well as, for the first time to give guidance on the preparation of cost plans and whole life costs. Unlike its predecessor SMM7, NRM2 contains a lengthy section describing the purpose and benefits of bills of quantities in rather a text book like approach. 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.

The most obvious difference between SMM7 and NRM2 is that because NRM2 has been drafted with the preparation of sub-contract packages in mind there are more sections; 41 work sections in NRM2 compared with 22 trade sections in SMM7. Management of the overall cost of the building project is the responsibility of the cost manager, maintaining effective financial control through the processes of evaluating, estimating, budgeting, monitoring, analysing, forecasting and reporting. 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. Contracts and materials – ensuring that the contracts provide full and proper control and that all costs are incurred as authorised; ensuring that materials are properly specified so as to meet the scope and design, and that they can be procured effectively. David authored both the first and second editions of NRM1 for the RICS and was co-author and executive technical editor on both NRM2 and NRM3.Please note that the free trial includes full access to isurv with the exception of downloadable content which is only available with a paid subscription.

The range of benefits seemed endless: from the basic (updating of SMM7) to the aspirational (alignment with building information modelling, the OGC Gateway process, modern methods of construction, new procurement routes and international reach). The primary aim of the rules is to provide a consistent approach to the measurement and quantification of capital building works and maintenance, supported by a common means of analysing cost data for future use.Not only is an accurate estimate of capital works required by many clients, in addition estimates are also required for maintenance works during the life cycle of the proposed project. greater cross-industry working, the introduction of Building Information Modelling and effectively analysing the costs of construction projects” ref RICS. NRM 1 forms part of the RICS suite of publications referred to as the ‘new rules of measurement (NRM)’. It became operative on 1 January 2013 and formally replaced the Standard Method of Measurement, seventh edition ( SMM7) on 1 July 2013. You can get instant access to a free, 7-day trial of isurv simply by filling in the free trial form.