- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 07 May 2018
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 NRM1: Order of cost estimating and cost planning for capital building work, the term 'risk allowance' refers to:
Where the 'base cost estimate’ means:
‘…an evolving estimate of known factors without any allowances for risk and uncertainty, or element of inflation. The base cost estimate is the sum of the works cost estimate, the project/design team fees estimate and the other development/project costs estimate.’
 Find out more
 Related articles on Designing Buildings Wiki
Featured articles and news
A tool borrowed from statistics and applied to construction procurement.
Reports and factsheets for 2018, 2019 released.
Finding the right landscape maintenance contractor.
As organisations investigate options for return to work, WaaS may gain popularity.
CIOB prompts Government to include in its Industrial Strategy.
Aspects of daylighting design covered by EN 17037.
His life, art and legacy. 1 min book review.
An ambitious Victorian new town that was not delivered as planned.
Using weather and climate information to support infrastructure planning.
Chemicals can slow - and ideally stop - the spread of fire.
Consultation begins on once in a generation changes to the planning system.