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

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The primary development in recent years has been the publication of the International Cost Management Standard (ICMS) (formerly known as International Construction Measurement Standards). 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. This part of NRM2 begins by describing the protocols and use of the tabulated rules of measurement document. As Head of Quality Management at Gleeds, international management and construction consultants, David focuses on service improvement for all aspects of quantity surveying and project management activities – with a worldwide remit.

These rules provide essential guidance to all those involved in, as well as those who wish to be better informed about, the cost management of construction projects. 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. Management means control, so cost management means all those actions necessary to understand why costs occur and the necessary responses so that decisions controlling costs are taken promptly – in light of all relevant information.

We will consider mappings to other schemas and classification systems, as they become needed, to support users around the world. It became operative on 1 January 2013 and formally replaced the Standard Method of Measurement, seventh edition ( SMM7) on 1 July 2013.

By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. There is a section on risk and how bills of quantities should be codified and in addition there is a typical example of a structure for use when procurement is based on work packages instead of bills of quantities. It is the process of identifying all costs associated with the investment, making informed choices about the options that will deliver best value for money and managing those costs, including costs throughout the life of the building, where whole life costs are being considered. It seemed that Nirvana was being revealed to us; a new world of accurate cost estimates, clear and transparent cost data and measurable whole life value. You might have JavaScript disabled: make sure to enable JavaScript on your browser, or use a browser that supports JavaScript.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. Cost records and reports – ensuring that all transactions are properly recorded and authorised and, where appropriate, decisions are justified; and that regular, consistent and accurate reports are available to the employer. 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.