What is the title of NRM1?
Design economics and cost planning
o Order of cost estimating & cost planning for Capital Building works
What is the title of NRM2?
Design economics and cost planning
o Detailed Rules of Measurement for Building works
What are the 4 different sections of NRM1?
Design economics and cost planning
o General
o Measurement rules for order of Cost Estimating
o Measurement rules for Cost Planning
o Tabulated Rules of Measurement for elemental Cost planning
What are the 3 different sections of NRM2?
Design economics and cost planning
o General
o Detailed Measurement of Building Works
o Rules of Measurement for Building works
What is the purpose of NRM1?
Design economics and cost planning
o Provide a consistent approach for preparing and structuring Cost Estimates and Cost Plans
What is the structure of NRM1?
Design economics and cost planning
o Facilitating works
o Substructure
o Superstructure
o Internal finishes
o FF&E
o Services
o Prefabricated Buildings
o Works to Existing Building
o External Works
o prelims & OHP
o risk
Is NRM1 linked to IPMS?
Design economics and cost planning
o Yes – It is linked to both IPMS 1 (External) and IPMS 2 (Internal)
What are the key principals of NRM1?
Design economics and cost planning
o Standardise Approach across projects
o Improves Clarity for clients
o Ensures estimates are consistent and comparable
What are the different risk allowances stated with NRM1?
Design economics and cost planning
o Design Development Risk
o Construction Risk
o Employer Change Risk
o Employer Other
Examples of Construction Risk?
Design economics and cost planning
o Site Conditions
o Discoverables (Ground conditions or existing services)
What is an example of a employer other Change risk?
Design economics and cost planning
o Early Handover
o Acceleration
o LD’s
What are the different methods of pricing for works?
Design economics and cost planning
o Floor Area method
o Functional Unit rate
o Elemental Method
What is included for within a Unit rate?
Design economics and cost planning
o materials
o Labour
o Plant
o Sub-Contractor design fees, prelims & OHP
What is the minimum information needed to produce a cost estimate?
Design economics and cost planning
o Floor areas
o Purpose of use of the space
o Budget expectations
o Expected date of construction
What are some different examples of efficiency Ratio’s?
Design economics and cost planning
o Wall to floor
o Net -to gross
o Circulation - Net
What is the most efficient shaped building in terms of floor space?
Design economics and cost planning
o Circle
What is the cheapest and most expensive shaped buildings?
Design economics and cost planning
o Expensive – Odd shaped buildings (circular, U-shaped buildings)
o Cheapest – Square
What were the cost uplifts from stages 2 & 3 for Goodwin Procter?
Design economics and cost planning
o 250nr Tech Panels @ £1250 = £312k
o Uplift of £100k for planting
o Design Development (Wall build ups, elevations)
What were some cost movements from stages 2 to 3 on the Goodwin Procter Project?
Design economics and cost planning
o Sky fold Partitions introduced
o Planting scope increased significantly
o Tech Panels to every meeting rooms
What are some considerations when using benchmarked data?
Design economics and cost planning
o Ensure data is from projects of a similar nature and characteristics
o Ensure it is upto date information is being used
What is better to use, BCIS or In-house information?
Design economics and cost planning
o In-house data
Work with the best clients and projects
More control of the data and know where it comes from
Know the exact specs
Who produces the BCIS?
Design economics and cost planning
o RICS
How do you adjust for Location index between Manchester and London?
Design economics and cost planning
o Review BCIS for Location Factor
London – 120 (20% above national average)
Manchester – 90 (10% below Uk average)
o London Manchester Rate E.g £1000/m2 x (90/120) = £750/m2
What were some of the items being tracked on the global budget?
Design economics and cost planning
o Professional fees
o FF&E
o Specialist lighting
o Security
o AV
o Contingency