- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 12 Feb 2019
Discount rate in the construction industry
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.
For example, if investing at 3 per cent interest, then the present value is discounted by 3 per cent as it is worth less than future earnings due to interest.
Where the present value is:
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