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] Related articles on Designing Buildings Wiki
Featured articles and news
How Islamic architecture shaped Europe. Book review.
The campaign to preserve a rare blacksmith bridge.
Transitional options for the next generation of heating technologies.
Government funds autism framework
Additional support being offered to job seekers with autism.
Six ways to help our children learn.
The Illustrated Guide to Renewable Technologies
BSRIA adds to its series of illustrated guides.
ECA calls for energy levy reform.
Recognising the Chartered Infrastructure Engineer
ICE considers creation of new professional designation.
Principles of conservation for bronze objects. Book review.
The untapped potential of charities, community organisations and social enterprises.