Maintenance contractor’s overheads and profit
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 ‘maintenance contractor’ (or prime contractor) refers to:
‘…the contractor responsible for the total maintenance and completion process. The term Prime contractor is often used to mean the Main contractor in central government and the defence sector..
The maintenance contractor’s overheads and profit are:
‘…the costs associated with head office administration proportioned to each building maintenance contract plus the its return on capital investment.’
[edit] Related articles on Designing Buildings Wiki
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
CLC publishes Mental Health Joint Code of Practice.
A quick introduction to its uses and risks.
Construction Management, 17 June
Government rolls out digital planning tool to all local authorities.
Your views needed - a strategy for the professions, trades and occupations.
Confronting competency, codes, capacity and costs.
The hidden risk in modern construction supply chains.
Construction Management, 10 June
24 months to 14: CITB launches accelerated apprenticeships.
Bridging the gap between clients and contractors
Concerns remain around contractor quality, capability, and delivery.
Construction Management, 10 June.
Heat pumps beat boilers in new home tests.
Building Safety Act implementation in Wales
CIAT to host industry panel on 26 June.
New and updated CLC building safety guidance.