Externalities in construction - Revision history

Designing Buildings at 09:03, 27 January 2023

2023-01-27T09:03:52Z

← Older revision		Revision as of 09:03, 27 January 2023
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	[https://www.ipcc.ch/report/ar5/wg2/ AR5 Climate Change 2014: Impacts, Adaptation, and Vulnerability, Glossary], published by the Intergovernmental Panel on Climate Change (IPCC) suggests that: ‘Externalities arise from a human activity when agents responsible for the activity do not take full account of the activity’s impacts on others’ production and consumption possibilities, and no compensation exists for such impacts. When the impacts are negative, they are external costs. When the impacts are positive, they are external benefits.’		[https://www.ipcc.ch/report/ar5/wg2/ AR5 Climate Change 2014: Impacts, Adaptation, and Vulnerability, Glossary], published by the Intergovernmental Panel on Climate Change (IPCC) suggests that: ‘Externalities arise from a human activity when agents responsible for the activity do not take full account of the activity’s impacts on others’ production and consumption possibilities, and no compensation exists for such impacts. When the impacts are negative, they are external costs. When the impacts are positive, they are external benefits.’
		+
		+	[https://www.rics.org/uk/upholding-professional-standards/sector-standards/construction/icms3/ ICMS: Global Consistency in Presenting Construction Life Cycle Costs and Carbon Emissions, 3rd edition], November 2021, published by the ICMS (International Cost Management Standard) Coalition, defines externalities as: ‘Quantifiable cost or benefit that occurs when the actions of organisations and individuals have an effect on people other than themselves, e.g. non-construction costs, income and wider social and business costs (ISO 15686-5). In the context of carbon emissions, these are benefits or loads beyond the system boundary including reuse, recovery and recycling potential.’

	= Related articles on Designing Buildings =		= Related articles on Designing Buildings =
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	* Contract sum.		* Contract sum.
	* Cost plan.		* Cost plan.
−	* ~~Elemental cost plan.~~	+	* External costs.
−	* Final account.	+
	* Initial cost appraisal.		* Initial cost appraisal.
	* NRM.		* NRM.

Designing Buildings at 06:34, 24 August 2022

2022-08-24T06:34:53Z

← Older revision		Revision as of 06:34, 24 August 2022
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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~~.	+	NRM3: Order of cost estimating and cost planning for building maintenance works, published by the Royal Institute of Chartered Surveyors (RICS) defines ‘externalities’ as: ‘…the quantifiable costs or benefits that specifically occur when the actions of organisations and individuals have an effect on people other than themselves, such as non-construction costs, income and wider social and business costs.’

−	~~According to NRM3~~: ~~Order of cost estimating and cost planning for building maintenance works~~, ~~the term ‘externalities’ as~~:	+	[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685903/The_Green_Book.pdf The Green Book, Central Government Guidance On Appraisal And Evaluation], Published by HM Treasury in 2018, suggests that externalities: ‘…occur when consuming or producing a good or service produces benefits or costs for others that are not directly involved in the consumption or production.’

−	‘…the quantifiable costs or benefits that specifically occur when the actions of organisations and individuals have an effect on people other than themselves, such as non-construction costs, income and wider social and business costs.’	+	[https://www.ipcc.ch/report/ar5/wg2/ AR5 Climate Change 2014: Impacts, Adaptation, and Vulnerability, Glossary], published by the Intergovernmental Panel on Climate Change (IPCC) suggests that: ‘Externalities arise from a human activity when agents responsible for the activity do not take full account of the activity’s impacts on others’ production and consumption possibilities, and no compensation exists for such impacts. When the impacts are negative, they are external costs. When the impacts are positive, they are external benefits.’
−		+
−	[https://~~assets~~.~~publishing~~.~~service.gov.uk~~/~~government~~/~~uploads~~/~~system~~/~~uploads/attachment_data/file/685903/The_Green_Book.pdf The Green Book~~, ~~Central Government Guidance On Appraisal And Evaluation~~], ~~Published~~ by ~~HM Treasury in 2018,~~ suggests that ~~externalities~~: ~~‘…occur~~ when ~~consuming or producing a good or service produces benefits or costs~~ for ~~others that are~~ not ~~directly involved in~~ the consumption ~~or production~~.’	+

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Annual equivalent cost.		* Annual equivalent cost.
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	* Final account.		* Final account.
	* Initial cost appraisal.		* Initial cost appraisal.
−	* ~~NRM2~~.	+	* NRM.
	* Pre-tender estimate.		* Pre-tender estimate.
−	* RICS.
	* Stakeholders.		* Stakeholders.
	* Third party dependencies.		* Third party dependencies.

	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Definitions]] [[Category:Cost_/_business_planning]]		[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Definitions]] [[Category:Cost_/_business_planning]]

Designing Buildings: moved Externalities to Externalities in construction

2021-01-28T09:19:34Z

moved Externalities to Externalities in construction

← Older revision

Revision as of 09:19, 28 January 2021

Designing Buildings at 09:19, 28 January 2021

2021-01-28T09:19:01Z

← Older revision		Revision as of 09:19, 28 January 2021
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	* Third party dependencies.		* Third party dependencies.

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

Designing Buildings at 09:27, 13 November 2020

2020-11-13T09:27:16Z

← Older revision		Revision as of 09:27, 13 November 2020
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	‘…the quantifiable costs or benefits that specifically occur when the actions of organisations and individuals have an effect on people other than themselves, such as non-construction costs, income and wider social and business costs.’		‘…the quantifiable costs or benefits that specifically occur when the actions of organisations and individuals have an effect on people other than themselves, such as non-construction costs, income and wider social and business costs.’

−	~~= Find out more =~~	+	[https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685903/The_Green_Book.pdf The Green Book, Central Government Guidance On Appraisal And Evaluation], Published by HM Treasury in 2018, suggests that externalities: ‘…occur when consuming or producing a good or service produces benefits or costs for others that are not directly involved in the consumption or production.’

−	=== Related articles on Designing Buildings Wiki ===	+	= Related articles on Designing Buildings Wiki =

	* Annual equivalent cost.		* Annual equivalent cost.

Designing Buildings at 05:39, 23 May 2018

2018-05-23T05:39:17Z

← Older revision		Revision as of 05:39, 23 May 2018
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	* Stakeholders.		* Stakeholders.
	* Third party dependencies.		* Third party dependencies.
		+
		+	[[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..."

2018-05-23T05:39:02Z

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..."

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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.

According to NRM3: Order of cost estimating and cost planning for building maintenance works, the term ‘externalities’ as:

‘…the quantifiable costs or benefits that specifically occur when the actions of organisations and individuals have an effect on people other than themselves, such as non-construction costs, income and wider social and business costs.’

= Find out more =

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

* Annual equivalent cost.
* Approximate quantities cost plan.
* Bill of quantities.
* Contract sum.
* Cost plan.
* Elemental cost plan.
* Final account.
* Initial cost appraisal.
* NRM2.
* Pre-tender estimate.
* RICS.
* Stakeholders.
* Third party dependencies.