- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 07 May 2018
Works cost estimate
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 'works cost estimate' refers to:
'...the combined total estimated cost of the building works estimate, the main contractor’s preliminaries and the main contractor’s overheads and profit prepared using prices current at the time the estimate is prepared (or updated).The works cost estimate contains no allowance for project/design team fees, other development/project costs, risk allowances, tender inflation and construction inflation.'
 Find out more
 Related articles on Designing Buildings Wiki
Featured articles and news
How do we measure air tightness in buildings?
The Housing Infrastructure Fund
Encouraging access to local amenities and sustainable transport.
Publish your thought leadership articles on Designing Buildings Wiki – for free.
Competence Steering Group publishes interim proposals to deliver safer buildings.
Indoor environments should provide a multi-sensory experience.
We have a great range of introductory articles written by ECA.
7 of the most common myths, busted.
Consider a career in the electrotechnical industry.
Exploring local assets of community significance. Book review.