Base cost estimate - Revision history

Designing Buildings at 11:39, 2 February 2023

2023-02-02T11:39:21Z

← Older revision		Revision as of 11:39, 2 February 2023
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	NB. NRM3: Order of cost estimating and cost planning for building maintenance works, defines the 'base cost' or 'benchmark cost' as; '...the cost of an existing or selected situation against which other options or a specific solution can be compared or benchmarked.'		NB. NRM3: Order of cost estimating and cost planning for building maintenance works, defines the 'base cost' or 'benchmark cost' as; '...the cost of an existing or selected situation against which other options or a specific solution can be compared or benchmarked.'

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	See also: Baseline costs.
		+
		+	= Related articles on Designing Buildings =

	* Approximate quantities cost plan.		* Approximate quantities cost plan.

Designing Buildings: Reverted edits by 111.119.188.5 (talk) to last revision by Designing Buildings

2022-03-21T13:57:18Z

Reverted edits by 111.119.188.5 (talk) to last revision by Designing Buildings

← Older revision		Revision as of 13:57, 21 March 2022
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	* Pre-tender estimate.		* Pre-tender estimate.

−	~~[[Category:Articles_needing_more_work]]~~ [[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]]

111.119.188.5 at 12:55, 21 March 2022

2022-03-21T12:55:28Z

← Older revision		Revision as of 12:55, 21 March 2022
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	* Pre-tender estimate.		* Pre-tender estimate.

−	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]]	+	[[Category:Articles_needing_more_work]] [[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]]

Designing Buildings at 09:01, 6 November 2020

2020-11-06T09:01:17Z

← Older revision		Revision as of 09:01, 6 November 2020
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	NB. NRM3: Order of cost estimating and cost planning for building maintenance works, defines the 'base cost' or 'benchmark cost' as; '...the cost of an existing or selected situation against which other options or a specific solution can be compared or benchmarked.'		NB. NRM3: Order of cost estimating and cost planning for building maintenance works, defines the 'base cost' or 'benchmark cost' as; '...the cost of an existing or selected situation against which other options or a specific solution can be compared or benchmarked.'

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

	* Approximate quantities cost plan.		* Approximate quantities cost plan.
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	* Pre-tender estimate.		* Pre-tender estimate.

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

82.30.255.62 at 05:39, 9 September 2019

2019-09-09T05:39:20Z

← Older revision		Revision as of 05:39, 9 September 2019
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−	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.	+	The New Rules of Measurement (NRM) are published by the Royal Institution of Chartered Surveyors (RICS). They provide a standard set of measurement rules for estimating, cost planning, procurement and whole-life costing for construction projects.

	According to NRM1: Order of cost estimating and cost planning for capital building work, the term ‘base cost estimate’ means:		According to NRM1: Order of cost estimating and cost planning for capital building work, the term ‘base cost estimate’ means:

Designing Buildings at 05:32, 23 May 2018

2018-05-23T05:32:54Z

← Older revision		Revision as of 05:32, 23 May 2018
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	‘The base cost estimate is the total of the building works estimate, main contractor’s preliminaries estimate and main contractor’s overheads and profit estimate, project/design team fee estimate and the other development/project costs estimate. The base cost estimate is to contain no allowances for risk or inflation.’		‘The base cost estimate is the total of the building works estimate, main contractor’s preliminaries estimate and main contractor’s overheads and profit estimate, project/design team fee estimate and the other development/project costs estimate. The base cost estimate is to contain no allowances for risk or inflation.’
		+
		+	NB. NRM3: Order of cost estimating and cost planning for building maintenance works, defines the 'base cost' or 'benchmark cost' as; '...the cost of an existing or selected situation against which other options or a specific solution can be compared or benchmarked.'

	= Find out more =		= Find out more =
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	* Initial cost appraisals.		* Initial cost appraisals.
	* NRM1.		* NRM1.
		+	* NRM3.
	* Post tender estimate.		* Post tender estimate.
	* Pre-tender estimate.		* Pre-tender estimate.

	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]

Editor at 14:48, 27 March 2018

2018-03-27T14:48:25Z

← Older revision		Revision as of 14:48, 27 March 2018
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	* Cash flow projection.		* Cash flow projection.
	* Contingencies.		* Contingencies.
		+	* Cost-benefit analysis in construction.
	* Elemental cost plan.		* Elemental cost plan.
	* Estimate.		* Estimate.

Designing Buildings at 13:56, 9 March 2018

2018-03-09T13:56:32Z

← Older revision		Revision as of 13:56, 9 March 2018
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	* Contingencies.		* Contingencies.
	* Elemental cost plan.		* Elemental cost plan.
		+	* Estimate.
	* Initial cost appraisals.		* Initial cost appraisals.
	* NRM1.		* NRM1.

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..."

2018-03-09T13:56:05Z

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.

According to NRM1: Order of cost estimating and cost planning for capital building work, the term ‘base cost estimate’ means:

‘…an evolving estimate of known factors without any allowances for risk and uncertainty, or element of inflation. The base cost estimate is the sum of the works cost estimate, the project/design team fees estimate and the other development/project costs estimate.’

Such that:

‘The base cost estimate is the total of the building works estimate, main contractor’s preliminaries estimate and main contractor’s overheads and profit estimate, project/design team fee estimate and the other development/project costs estimate. The base cost estimate is to contain no allowances for risk or inflation.’

= Find out more =

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

* Approximate quantities cost plan.
* Benchmarking.
* Bills of quantities.
* Budget.
* Cash flow projection.
* Contingencies.
* Elemental cost plan.
* Initial cost appraisals.
* NRM1.
* Post tender estimate.
* Pre-tender estimate.

[[Category:Cost_/_business_planning]]