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
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
The heritage of nuclear and conventional power stations.
New measures to stop people being ripped off
Government to protect families from cowboy builders and aggressive bailiffs.
New Futurebuild showcase brings an innovation-first approach.
National Planning Policy Framework
Understanding the 2026 changes.
ECA's public affairs priorities
Member consultation opens to shape priorities for 2027 to 2030.
Dutyholder responsibilities from 1 July 2026.
Where performance meets practice
The Building Envelope Stage at UKCW Birmingham.
CIAT publishes briefing on planning reforms.
Leaders in Learning for Practice Network
Call for conservation leaders in learning to register interest in new network.
The importance of early engagement
Construction lessons from the Trillium HealthWorks Experience Centre.
Mayors are to be given planning call in powers
Mayors across England will be able to make the most important planning decisions.
The Master Builder: William Butterfield and his times. Book review.