- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 12 Feb 2019
Net present cost 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.
According to NRM3: Order of cost estimating and cost planning for building maintenance works, the term ‘net present cost’ (NPC) refers to:
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