- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 26 Jun 2018
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.
NRM3: Order of cost estimating and cost planning for building maintenance works, the terms ‘Net Savings’ (NS) and ‘Net Benefits’ (NB) refer to:
'…the present value of savings/benefits in the operation ‘in use’ phase less the present value of the additional investment costs to achieve them. It provides a measure of cost effectiveness and of the benefits to be achieved from investment options. NS/NB greater than 0 (zero) indicates positive cost effectiveness.'
 Find out more
 Related articles on Designing Buildings Wiki
- Capital costs for construction projects.
- Cost plan.
- Cost-benefit analysis in construction.
- Development appraisal.
- Internal rate of return for property development.
- Life cycle assessment.
- Net present value.
- Value for money.
- Whole life costs.
Featured articles and news
A vision for digital highways
Finding stone to conserve historic buildings.
If it is not planned properly even a simple activity can kill.
A disgruntled or ignored stakeholder can easily derail your hard work.
Next generation cementitious materials
Still going strong...one of the great buildings of the 20th century.
Review of the bible for heritage assets and their management.
The David Lloyd Lymington Sports Village was 'Commended' in CIAT's 2018 AT Awards.
How do we make the smart city a reality?
Sir Nicholas Grimshaw has been awarded the UK’s highest honour for architecture.
Protecting the construction industry from Brexit.
Conceiving buildings collaboratively, testing them virtually.
Effective collaboration in post-disaster response and recovery