Element unit rate - Revision history

Designing Buildings at 07:28, 21 October 2020

2020-10-21T07:28:19Z

← Older revision		Revision as of 07:28, 21 October 2020
Line 26:		Line 26:
	* RICS.		* RICS.

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

92.4.106.168: Undo revision 148255 by [[Special:Contributions/[IP address hidden]|[IP address hidden]]] ([[User talk:[IP address hidden]|talk]])

2019-11-27T19:13:07Z

Undo revision 148255 by [[Special:Contributions/[IP address hidden]|[IP address hidden]]] ([[User talk:[IP address hidden]|talk]])

← Older revision		Revision as of 19:13, 27 November 2019
Line 1:		Line 1:
−	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 'element' refers to:		According to NRM1: Order of cost estimating and cost planning for capital building work, the term 'element' refers to:
Line 25:		Line 25:
	* Rates.		* Rates.
	* RICS.		* RICS.
−	* 123

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

92.4.106.168 at 19:10, 27 November 2019

2019-11-27T19:10:14Z

← Older revision		Revision as of 19:10, 27 November 2019
Line 1:		Line 1:
−	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 'element' refers to:		According to NRM1: Order of cost estimating and cost planning for capital building work, the term 'element' refers to:
Line 25:		Line 25:
	* Rates.		* Rates.
	* RICS.		* RICS.
		+	* 123

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

Editor at 15:22, 4 October 2018

2018-10-04T15:22:18Z

← Older revision		Revision as of 15:22, 4 October 2018
Line 14:		Line 14:
	‘…a unit of measurement that relates solely to the quantity of the element or sub-element itself (e.g. the area of the external walls, the area of windows and external doors and the number of internal doors).’		‘…a unit of measurement that relates solely to the quantity of the element or sub-element itself (e.g. the area of the external walls, the area of windows and external doors and the number of internal doors).’

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

	* Building works estimate.		* Building works estimate.
Line 25:		Line 23:
	* Initial cost appraisals.		* Initial cost appraisals.
	* NRM1.		* NRM1.
		+	* Rates.
	* RICS.		* RICS.

	[[Category:Cost_/_business_planning]]		[[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..."

2018-04-02T07:44:54Z

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 'element' refers to:

'...a major part of a group element (e.g. the elements that create group element 3:<br />
Internal finishes are 3.1: Wall finishes, 3.2: Floor finishes, and 3.3: Ceiling finishes).'

The term ‘element unit rate’ (EUR) means:

‘…the total cost of an element divided by the element unit quantity (EUQ). For example, the EUR for external walls is the total cost of the external walls divided by EUQ for external walls. EURs include all the cost of all materials, labour, plant, subcontractor’s preliminaries, subcontractor’s design fees and subcontractor’s overheads and profit. EURs exclude main contractor’s preliminaries, main contractor’s overheads and profit and other allowances, such as project/design team fees, other development/project costs, risk allowances and inflation. These items are to be assessed separately.’

Where, the ‘element unit quantity’ (EUQ) is:

‘…a unit of measurement that relates solely to the quantity of the element or sub-element itself (e.g. the area of the external walls, the area of windows and external doors and the number of internal doors).’

= Find out more =

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

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

[[Category:Cost_/_business_planning]]