- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 26 Jun 2018
Annualised maintenance cost
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 ‘annualised maintenance cost’ refers to:
The methods of calculating annualised costs for maintain (M) works are set out in Part 5 of the rules.
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