The first 2 of these are detailed below, and the third will be covered in the next part of this article. Floor area method The differences between the main contractor’s preliminaries, overheads and profit of the source cost data and the current scheme. NRM1 suggests that these be considered separately, but they are rarely identified in tenders and so they are included with the works costs in BCIS analyses.

The primary development in recent years has been the publication of the International Cost Management Standard (ICMS) (formerly known as International Construction Measurement Standards). Together with the recent publication of the Cost prediction professional statement, there now exists a hierarchy of cost management standards and tools from the high-level and global ICMS, through the more detailed principles of all aspects of cost prediction in the professional statement, to the detailed rules and guidance in the NRM suite.NRM1, aligns seamlessly with ICMS. By using NRM1’s elemental work breakdown structure, bills of quantities (BoQs) produced under NRM can be mapped to ICMS. This mapping ensures that construction cost data can be analysed and compared consistently on a global scale. Whether your projects have local or international reach, NRM and ICMS work in concert to establish a common language for cost analysis and reporting. A comprehensive online collection of construction related standards, regulations, technical advice and articles NRM empowers construction professionals to establish precise and comprehensive cost plans from the earliest stages of a project. By providing a structured framework for estimating costs, NRM1 ensures that budgets are developed with accuracy and foresight. This level of control allows for better financial planning, reducing the risk of cost overruns and ensuring that resources are allocated efficiently. Consistency and Standardisation

With this trio of documents, the NRM suite equips professionals with the knowledge and tools required to navigate the complexities of construction projects, from initial estimates to ongoing maintenance, all while promoting a culture of standardisation and collaboration within the industry. The Synergy Between NRM, ICMS, and the RIBA Plan of Work Building product manufacturer looking to get your products listed and power up your marketing? List your products here.NRM facilitates benchmarking, enabling professionals to compare costs and performance across projects. This data-driven approach allows organisations to identify areas for improvement and optimise their construction processes. By assessing historical data, they can set realistic performance expectations for future projects. Effective Procurement The RIBA Plan of Work is a widely recognised framework in the UK construction industry. It organises the management and design of building projects into several key stages, from initial concept to final delivery. The RIBA Plan of Work offers a structured approach to project management and design, ensuring that key milestones and decisions are made at the appropriate stages.