Director’s adjustment - Revision history

Designing Buildings: Reverted edits by 123.231.108.245 (talk) to last revision by Designing Buildings

2021-03-22T06:53:40Z

Reverted edits by 123.231.108.245 (talk) to last revision by Designing Buildings

← Older revision		Revision as of 06:53, 22 March 2021
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	{\|		{\|
−	\| …	+	\| …a reduction or addition to the tender price, derived by the contractor’s estimating team, offered by the director(s) of the contractor.
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	* Work section bill of quantities.		* Work section bill of quantities.

−	~~[[Category:Articles_needing_more_work]]~~ [[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

123.231.108.245 at 05:42, 22 March 2021

2021-03-22T05:42:32Z

← Older revision		Revision as of 05:42, 22 March 2021
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	{\|		{\|
−	\| ~~…a reduction or addition to the tender price, derived by the contractor’s estimating team, offered by the director(s) of the contractor.~~	+	\| …
	\|}		\|}

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	* Work section bill of quantities.		* Work section bill of quantities.

−	[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:Articles_needing_more_work]] [[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Designing Buildings at 07:26, 16 December 2020

2020-12-16T07:26:19Z

← Older revision		Revision as of 07:26, 16 December 2020
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	{\|		{\|
−	\|…a reduction or addition to the tender price, derived by the contractor’s estimating team, offered by the director(s) of the contractor.	+	\| …a reduction or addition to the tender price, derived by the contractor’s estimating team, offered by the director(s) of the contractor.
	\|}		\|}

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	This will be identified as a separate line in the bill of quantities, where the contractor can insert their adjustment.		This will be identified as a separate line in the bill of quantities, where the contractor can insert their adjustment.

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

	* Approximate bill of quantities.		* Approximate bill of quantities.
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	* Work section bill of quantities.		* Work section bill of quantities.

−	[[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:Definitions]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

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..."

2017-12-04T10:57:23Z

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 NRM2: Detailed measurement for building works, a director’s adjustment is:

{|
|…a reduction or addition to the tender price, derived by the contractor’s estimating team, offered by the director(s) of the contractor.
|}

The contractor’s directors, or other senior managers, will typically perform a commercial review of the estimated price with a view to how best to secure work. They may then decide to adjust to the estimated price, taking into consideration the need to secure work, the level of competition in the market, the company’s cash flow, financing charges and so on.

This will be identified as a separate line in the bill of quantities, where the contractor can insert their adjustment.

= Find out more =

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

* Approximate bill of quantities.
* Bill of quantities breakdown structures.
* Bill of quantities.
* Elemental bill of quantities.
* Firm bill of quantities.
* Measurement.
* NRM2.
* Tender documentation.
* Tender pricing document.
* Types of bill of quantities.
* Work package bill of quantities.
* Work section bill of quantities.

[[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]