Remaining life
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, defines ‘remaining life’ as:
‘…the period during which a building or component may reasonably be expected to continue to fulfil its present function provided it is given normal routine maintenance. Remaining life is the future expected life of an asset at a given point in time.’
This may be expressed as a percentage by the Percentage Asset Remaining Life (PARL).
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Guidance for local authorities and consultancies setting planning conditions.
A real deal – at last?
How does anastylosis help in the reconstructing of ancient monuments?
More than just aesthetic and historic values and meanings.
An exciting and novel collaboration between the RIBA and the SPAB.
Republic of Ireland updates to planning and development.
The different types of pile foundation.
Achieving a net-zero carbon UK by 2050.
Responding to an invitation to tender.
Statutory instruments laid in Parliament to amend the Climate Change Act.
How will we pay for infrastructure post-Brexit after EIB has gone?