- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 27 Feb 2021
The RIBA Plan of Work published by the RIBA in 2020 suggests that cost exercises are: ‘Exercises used to develop the Cost Plan and to verify that the Outline Specification for the Building Systems meets the available Project Budget.’
It proposes that the goal of cost exercises during spatial coordination (Stage 3) is to allow more detailed aspects of the design to be tested, and that design studies are a good way of developing specific aspects of building systems and determining their affordability. This process may require input from suppliers or specialist subcontractors.
It also suggests that cost exercises might result in increased costs, but that these should be balanced by a reduction in the project contingency due to greater certainty regarding detail as the project progresses.
 Related articles on Designing Buildings Wiki
Featured articles and news
TESP works with The Youth Group to form skill sharing network.
Big tech collaborates on platform for the built environment.
Letter signed by 21 organisations sent to MHCLG.
A look at the Government's strategic approach.
Steps to help reduce the spread of infection inside buildings.
This social media-centred hobby can be both dangerous and illegal.
Millwork wall treatment with a long and illustrious history.
HSE introduces cumulative exposure calculator.
The Edwardians and their houses.
Cut off from civilian life for over 900 years.
Gaining green support from the carbon giants.
Medieval passageways with spiritual, transport and economic purposes.
Organisation receives accreditation from Investors in People.
Click the button to subscribe.