Annual cost - Revision history

Designing Buildings at 07:54, 5 February 2021

2021-02-05T07:54:03Z

← Older revision		Revision as of 07:54, 5 February 2021
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	'…a uniform annual amount that, when totalled over the period of analysis, equals the total net cost of the project taking into account the time value of money over the period. It is used to compare investment options where the natural replacement cycle cannot easily be directly related to the period of analysis. The lowest AEV indicates the lowest cost option.'		'…a uniform annual amount that, when totalled over the period of analysis, equals the total net cost of the project taking into account the time value of money over the period. It is used to compare investment options where the natural replacement cycle cannot easily be directly related to the period of analysis. The lowest AEV indicates the lowest cost option.'

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
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−	=== Related articles on Designing Buildings Wiki ===	+

	* Annual equivalent cost.		* Annual equivalent cost.
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	* Value for money.		* Value for money.

−	[[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Cost_/_business_planning]]

Designing Buildings: moved Annual equivalent value to Annual cost

2018-06-26T06:02:37Z

moved Annual equivalent value to Annual cost

← Older revision

Revision as of 06:02, 26 June 2018

Designing Buildings: Created page with "The New Rules of Measurement (NRM) are published by the Royal Institute of Chartered Surveyors (RICS). They provide a standard set of measurement rules for estimating, cost plann..."

2018-06-26T06:02:22Z

Created page with "The New Rules of Measurement (NRM) are published by the Royal Institute of Chartered Surveyors (RICS). They provide a standard set of measurement rules for estimating, cost plann..."

New page

The New Rules of Measurement (NRM) are published by the Royal Institute of Chartered Surveyors (RICS). They provide a standard set of measurement rules for estimating, cost planning, procurement and whole-life costing for construction projects.

NRM3: Order of cost estimating and cost planning for building maintenance works, the terms ‘annual cost’ (AC) and ‘annual equivalent value’ (AEV) refer to:

'…a uniform annual amount that, when totalled over the period of analysis, equals the total net cost of the project taking into account the time value of money over the period. It is used to compare investment options where the natural replacement cycle cannot easily be directly related to the period of analysis. The lowest AEV indicates the lowest cost option.'

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Annual equivalent cost.
* Annualised maintenance cost.
* Cost plan.
* NRM1.
* NRM2.
* NRM3
* RICS.
* Value for money.

[[Category:Cost_/_business_planning]]