Group element in elemental cost plans - Revision history

Designing Buildings at 06:53, 14 December 2020

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	* Tender inflation.		* Tender inflation.

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Designing Buildings: moved Group element to Group element in elemental cost plans

2019-07-26T11:19:59Z

moved Group element to Group element in elemental cost plans

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Revision as of 11:19, 26 July 2019

Designing Buildings at 11:19, 26 July 2019

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	'…is the critical breakdown of the cost limit for the building(s) into cost targets for each element of the building(s). It provides a statement of how the design team proposes to distribute the available budget among the elements of the building, and a frame of reference from which to develop the design and maintain cost control. It also provides both a work breakdown structure (WBS) and a cost breakdown structure (CBS), which, by codifying, can be used to redistribute work in elements to construction works packages for the purpose of procurement.'		'…is the critical breakdown of the cost limit for the building(s) into cost targets for each element of the building(s). It provides a statement of how the design team proposes to distribute the available budget among the elements of the building, and a frame of reference from which to develop the design and maintain cost control. It also provides both a work breakdown structure (WBS) and a cost breakdown structure (CBS), which, by codifying, can be used to redistribute work in elements to construction works packages for the purpose of procurement.'

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

	* Budget		* Budget

Designing Buildings at 10:59, 12 June 2018

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	* Sub-element.		* Sub-element.
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Designing Buildings at 06:23, 21 May 2018

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	* Budget		* Budget
		+	* Building element.
	* Cost breakdown structure.		* Cost breakdown structure.
	* Cost estimate.		* Cost estimate.
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	* Initial cost appraisals.		* Initial cost appraisals.
	* NRM1.		* NRM1.
		+	* Sub-element.
	* Tender inflation.		* Tender inflation.

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..."

2018-03-30T11:22:55Z

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 ‘group element’ refers to:

‘… the main headings used to describe the facets of an elemental cost plan (i.e. Substructure; Superstructure; Internal finishes; Fittings, furnishings and equipment; Services; Complete buildings and building units; Work to existing buildings; External works; Facilitating works; Main contractor’s preliminaries; Main contractor’s overheads and profit; Project/design team fees; Other development/project costs; Risks; and Inflation).

Where an elemental cost plan (or cost plan):

'…is the critical breakdown of the cost limit for the building(s) into cost targets for each element of the building(s). It provides a statement of how the design team proposes to distribute the available budget among the elements of the building, and a frame of reference from which to develop the design and maintain cost control. It also provides both a work breakdown structure (WBS) and a cost breakdown structure (CBS), which, by codifying, can be used to redistribute work in elements to construction works packages for the purpose of procurement.'

= Find out more =

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

* Budget
* Cost breakdown structure.
* Cost estimate.
* Cost plan.
* Elemental cost plan.
* Initial cost appraisals.
* NRM1.
* Tender inflation.