Time-related charges in construction
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 NRM2: Detailed measurement for building works, a 'time-related charge' is for work, the cost of which is to be considered dependent on duration.
This is as opposed to a 'fixed charge', which is for work, the cost of which is to be considered independent of duration.
Charges may be fixed, time-related, or a combination of both.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Traditional dwellings of Dajun
A showcase of She ethnic culture.
Diversity and inclusion in construction
CIOB creates charter and publishes special report.
Mission and Pastoral Measure 2011 review
Response submitted by IHBC.
Designed to accommodate flooding or waterway traffic.
Updating the UK's EVCP strategy
ECA states concerns over the Government's disparate plans.
Net zero carbon future - necessity, not choice - was the event's focus.
CIOB event spotlighted sustainability strategies in the region.
The 19th and 20th centuries left a legacy of defects.
An invaluable technique that should be used more often.