Prime cost price
According to NRM 2, RICS new rules of measurement, Detailed measurement for building works, published by the Royal Institution of Chartered Surveyors (RICS) in April 2012:
|
Where the exact type of product or component cannot be specified, an estimated price for the product or component shall be given in the description as a prime cost price (PC price). State, for example, ‘Allow the PC price of £x per thousand delivered to site’, ‘Allow the PC price of £y per m2 delivered to site’, or ‘Allow £z each delivered to site’. Unless specifically stated otherwise in the bill of quantities or in these rules, the contractor shall be deemed to have allowed for all items listed in paragraph [IP address hidden] in his or her priced rate for each building component/item incorporating a PC price. PC prices shall exclude any allowance for the main contractor’s overheads and profit, which are dealt with separately. |
Paragraph [IP address hidden] refers to:
- (1) labour and all costs in connection therewith;
- (2) materials and goods together with all costs in connection therewith;
- (3) assembling, installing, erecting, fixing or fitting materials or goods in position;
- (4) plant and all costs in connection therewith;
- (5) waste of goods or materials;
- (6) all rough and fair cutting unless specially stated otherwise;
- (7) establishment charges; and
- (8) cost of compliance with all legislation in connection with the work measured including health and safety, disposal of waste and the like.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Solar generation in the historic environment
Success requires understanding each site in detail.
Level 6 Design, Construction and Management BSc
CIOB launches first-ever degree programme to develop the next generation of construction leaders.
Open for business as of April, with its 2026 prospectus and new pipeline of housing schemes.
The operational value of workforce health
Keeping projects moving. Incorporating unplanned absence and the importance of health, in operations.
A carbon case for indigenous slate
UK slate can offer clear embodied carbon advantages.
Costs and insolvencies mount for SMEs, despite growth
Construction sector under insolvency and wage bill pressure in part linked to National Insurance, says report.
The place for vitrified clay pipes in modern infrastructure
Why vitrified clay pipes are reclaiming their role in built projects.
Research by construction PR consultancy LMC published.
Roles and responsibilities of domestic clients
ACA Safety in Construction guide for domestic clients.
Fire door compliance in UK commercial buildings
Architect and manufacturer gives their low down.
Plumbing and heating for sustainability in new properties
Technical Engineer runs through changes in regulations, innovations in materials, and product systems.
Awareness of the Carbon Border Adjustment Mechanism
What CBAM is and what to do about it.
The new towns and strategic environmental assessments
12 locations of the New Towns Taskforce reduced to 7 within the new towns draft programme and open consultation.
Buildings that changed the future of architecture. Book review.
The Sustainability Pathfinder© Handbook
Built environment agency launches free Pathfinder© tool to help businesses progress sustainability strategies.
Government outcome to the late payment consultation, ECA reacts.