The purpose is to establish if the proposed building project is affordable and if so, to set a realistic cost limit for the development project. This book is essential reading for anyone working with NRM1, and is the most authoritative guide to practiceavailable for those preparing to join the industry. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This section should be carefully studied as it contains information that applies across the work sections.

It also includes guidance about quantifying wider costs such as preliminaries, overheads and profit, risk allowances, and inflation. 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. To illustrate the point, look at the NEC3 Schedule of Cost Components, which breaks down the cost of a project into its constituent parts (labour, materials, plant, design and so on).Every Uniclass code with an equivalent code in this scheme will display the relevant NRM1 code on its page. There are currently 11 guidance notes in issue and the RICS envisages that some 50 will ultimately be published. This particular blog is going to focus on NRM 1 and provide a summary of what it is and what it was developed for. In the NRM1 Cost Management Handbook, David Benge explains in clear terms how NRM1 ismeant 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 New Rules of Measurement ( NRM) are published by the Royal Institution of Chartered Surveyors' ( RICS) Quantity Surveying and Construction Professional Group. Aside from the obvious fact that the JCT Standard Building Contract, 2011 edition (SBC11) With Quantities form will need updating to refer to NRM2 rather than SMM7, I imagine the main interest for lawyers in the new publications will lie in the terms on which QSs are appointed in future. These translations have not been published by NBS as part of Uniclass, but if you have prepared a translation or are interested in doing so, we would be happy to hear from you. However, it at least introduces a degree of discipline and should over time allow a database of historic cost information to be collected, which will then inform future cost plans. As well as a set of rules for how to quantify building work, NRM is intended to provide a toolkit for cost management that will be central to controlling costs as a project develops.NRM 1 aims to be the foundation of good cost management of construction projects – enabling more effective and accurate cost advice to be given to clients and other project team members, as well as facilitating better cost control. I would also suggest that, where advice is to be given on aspects covered by the Black Book, the QS should be obliged to follow the Black Book guidance. Therefore, all project team members must remain mindful of their joint responsibility for cost management and draw to the attention of the employer, or project manager, anything that might affect cost. The rules have been written to provide a standard set of measurement rules that are understandable by all those involved in a construction project. 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.