- Project plans
- Project activities
- Legislation and standards
- Industry context
- Specialist wikis
Last edited 22 Mar 2021
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 NRM2: Detailed measurement for building works, a director’s adjustment is:
|…a reduction or addition to the tender price, derived by the contractor’s estimating team, offered by the director(s) of the contractor.|
The contractor’s directors, or other senior managers, will typically perform a commercial review of the estimated price with a view to how best to secure work. They may then decide to adjust to the estimated price, taking into consideration the need to secure work, the level of competition in the market, the company’s cash flow, financing charges and so on.
 Related articles on Designing Buildings Wiki
- Approximate bill of quantities.
- Bill of quantities breakdown structures.
- Bill of quantities.
- Elemental bill of quantities.
- Firm bill of quantities.
- Tender documentation.
- Tender pricing document.
- Types of bill of quantities.
- Work package bill of quantities.
- Work section bill of quantities.
Featured articles and news
Can XR technology be leveraged in design & construction?
Or are you capping.
Digital gaming competition for UK students aged 16 to 18.
Heritage protection in England vs Australia.
Three-quarters of fire doors fail inspections
The role of geoparks, biospheres and world heritage sites.
Just one month to go ! Find out more here.
A new gallery for the University of Huddersfield.
What will it take to stop it ?
To celebrate world bee day 2022 !
Not forgetting part F and the new part overheating part O.
As energy prices jump up in cost.
With people in the UK from Ukraine.
Industry leader Steve Murray takes on role.
An abundant and versatile building material.
600,000 heat pump installations targeted per year by 2028.
Helping prevent those unwanted outcomes.
How has transport changed due to Covid-19 ?
Will you need it ? after June 15 and the new Part O ?
Create an account and write the first of many articles.
CIAT commentary after the first meeting.
Who is to blame?
Research recommends focussing on portfolio success rather than project success.