Construction inflation definition - Revision history

Designing Buildings: moved Construction inflation to Construction inflation definition

2022-10-11T08:30:29Z

moved Construction inflation to Construction inflation definition

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Revision as of 08:30, 11 October 2022

Designing Buildings at 08:30, 11 October 2022

2022-10-11T08:30:07Z

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	'…an allowance included in the order of cost estimate or cost plan for fluctuations in the basic prices of labour, plant and equipment, and materials during the period from the estimate base date to the date of tender return.'		'…an allowance included in the order of cost estimate or cost plan for fluctuations in the basic prices of labour, plant and equipment, and materials during the period from the estimate base date to the date of tender return.'

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Designing Buildings at 07:22, 23 November 2020

2020-11-23T07:22:39Z

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	'…an allowance included in the order of cost estimate or cost plan for fluctuations in the basic prices of labour, plant and equipment, and materials during the period from the estimate base date to the date of tender return.'		'…an allowance included in the order of cost estimate or cost plan for fluctuations in the basic prices of labour, plant and equipment, and materials during the period from the estimate base date to the date of tender return.'

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	* Tender inflation.		* Tender inflation.

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

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..."

2018-03-30T10:00:14Z

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 ‘construction inflation’ refers to:

'…an allowance included in the order of cost estimate or cost plan for fluctuations in the basic prices of labour, plant and equipment, and materials during the period from the date of tender return to the mid-point of the construction period. See also the definition for tender inflation.'

This is as opposed to tender inflation, which is:

'…an allowance included in the order of cost estimate or cost plan for fluctuations in the basic prices of labour, plant and equipment, and materials during the period from the estimate base date to the date of tender return.'

= Find out more =

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

* Base date.
* Cost estimate.
* Cost plan.
* Elemental cost plan.
* Fluctuations.
* Initial cost appraisals.
* NRM1.
* Order of cost estimate.
* Tender inflation.

[[Category:Cost_/_business_planning]]