Nrm1 Cost Management Handbook

The definitive guide to measurement and estimating using NRM1, written by the author of NRM1

The 'RICS New rules of measurement: Order of cost estimating and cost planning of capital building works' (referred to as NRM 1) is the cornerstone of good cost management of capital building works projects - enabling more effective and accurate cost advice to be given to clients and other project team members, while facilitating better cost control.

The NRM1 Cost Management Handbook is the essential guide to how to successfully interpret and apply these rules, including explanations of how to:

• quantify building works and prepare order of cost estimates and cost plans
• use the rules as a toolkit for risk management and procurement
• analyse actual costs for the purpose of collecting benchmark data and preparing cost analyses
• capture historical cost data for future order of cost estimates and elemental cost plans
• employ the rules to aid communication
• manage the complete 'cost management cycle'
• use the elemental breakdown and cost structures, together with the coding system developed for NRM1, to effectively integrate cost management with Building Information Modelling (BIM).

In the NRM1 Cost Management Handbook, David Benge explains in clear terms how he intended NRM1 to be used in familiar quantity surveying tasks, as well as a range of activities of crucial importance for professionals in years to come. Worked examples, flow charts, diagrams, templates and check lists ensure readers of all levels will become confident and competent in the use of NRM1. This book is essential reading for anyone working with NRM1, and is the most authoritative guide to practice possible for those preparing to join the industry.

David P Benge is Global Head of Quality at Gleeds, responsible for improving standards in service delivery. He is a Chartered Quantity Surveyor and Cost Engineer, with over 30 years’ experience in the profession – working in both the public and private sectors. David authored both the first and second editions of NRM1 for the RICS, and was a co-author on both NRM2 and NRM3.