Cost per functional unit - Revision history

Designing Buildings at 08:29, 20 November 2020

2020-11-20T08:29:56Z

← Older revision		Revision as of 08:29, 20 November 2020
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	* RICS.		* RICS.

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

Designing Buildings at 09:04, 13 May 2020

2020-05-13T09:04:21Z

← Older revision		Revision as of 09:04, 13 May 2020
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	‘…a unit of measurement used to represent the prime use of a building or part of a building (e.g. per bed space, per house and per m2 of retail area). It also includes all associated circulation space.’		‘…a unit of measurement used to represent the prime use of a building or part of a building (e.g. per bed space, per house and per m2 of retail area). It also includes all associated circulation space.’

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

	* Budget.		* Budget.
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	* Cost plan.		* Cost plan.
	* Elemental cost plan.		* Elemental cost plan.
		+	* Functional analysis.
	* Functional indexation.		* Functional indexation.
	* Functional unit method.		* Functional unit method.

Designing Buildings at 06:46, 28 May 2018

2018-05-28T06:46:14Z

← Older revision		Revision as of 06:46, 28 May 2018
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	* Cost plan.		* Cost plan.
	* Elemental cost plan.		* Elemental cost plan.
		+	* Functional indexation.
	* Functional unit method.		* Functional unit method.
	* Initial cost appraisals.		* Initial cost appraisals.

Designing Buildings at 13:32, 17 April 2018

2018-04-17T13:32:06Z

← Older revision		Revision as of 13:32, 17 April 2018
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	* Cost plan.		* Cost plan.
	* Elemental cost plan.		* Elemental cost plan.
		+	* Functional unit method.
	* Initial cost appraisals.		* Initial cost appraisals.
	* NRM1.		* NRM1.

Designing Buildings at 07:18, 2 April 2018

2018-04-02T07:18:32Z

← Older revision		Revision as of 07:18, 2 April 2018
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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 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 ~~‘Cost~~ per functional unit’ (or functional unit cost) is:	+	According to NRM1: Order of cost estimating and cost planning for capital building work, the term ‘cost per functional unit’ (or functional unit cost) is:

	‘…the unit rate which, when multiplied by the number of functional units, gives the total building works estimate (i.e. works cost estimate less main contractor’s preliminaries and main contractor’s overheads and profit). The total recommended cost limit (i.e. cost limit, including inflation) can also be expressed as a cost per functional unit when reporting costs.’		‘…the unit rate which, when multiplied by the number of functional units, gives the total building works estimate (i.e. works cost estimate less main contractor’s preliminaries and main contractor’s overheads and profit). The total recommended cost limit (i.e. cost limit, including inflation) can also be expressed as a cost per functional unit when reporting costs.’

−	Where, ‘functional unit’ means:	+	Where the term ‘functional unit’ means:

	‘…a unit of measurement used to represent the prime use of a building or part of a building (e.g. per bed space, per house and per m2 of retail area). It also includes all associated circulation space.’		‘…a unit of measurement used to represent the prime use of a building or part of a building (e.g. per bed space, per house and per m2 of retail area). It also includes all associated circulation space.’

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..."

2018-04-02T07:17:22Z

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.

According to NRM1: Order of cost estimating and cost planning for capital building work, the term ‘Cost per functional unit’ (or functional unit cost) is:

‘…the unit rate which, when multiplied by the number of functional units, gives the total building works estimate (i.e. works cost estimate less main contractor’s preliminaries and main contractor’s overheads and profit). The total recommended cost limit (i.e. cost limit, including inflation) can also be expressed as a cost per functional unit when reporting costs.’

Where, ‘functional unit’ means:

‘…a unit of measurement used to represent the prime use of a building or part of a building (e.g. per bed space, per house and per m2 of retail area). It also includes all associated circulation space.’

= Find out more =

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

* Budget.
* Building works estimate.
* Cost breakdown structure.
* Cost estimate.
* Cost plan.
* Elemental cost plan.
* Initial cost appraisals.
* NRM1.
* Preliminaries.
* RICS.

[[Category:Cost_/_business_planning]]