- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 17 Apr 2018
Elemental cost analysis
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, an ‘elemental cost analysis’ (or cost analysis) is:
‘…a full appraisal of costs involved in previously constructed buildings and is aimed mainly at providing reliable information that will assist in accurately estimating cost of future buildings. It provides a product-based cost model, providing data on which initial elemental estimates and elemental cost plans can be based.'
 Find out more
 Related articles on Designing Buildings Wiki
Featured articles and news
Indoor environments should provide a multi-sensory experience.
We have a great range of introductory articles written by ECA.
7 of the most common myths, busted.
Consider a career in the electrotechnical industry.
Exploring local assets of community significance. Book review.
Wood-burning stoves should not be used in thatch-roofed buildings.
Servitisation, smart systems and connectivity.
What happens to the Construction Products Regulation if there is no Brexit deal.
The first step to long-term prosperity.
The status and rights of employees in construction
Continuing to share environmental best practice.