NRM1 cost management handbook / David P Benge.

Includes bibliographical references and index.

Machine generated contents note: pt. 1 Introduction -- 1.Cost management -- Introduction -- 1.1.What is cost management? -- 1.2.Basic principles of cost management -- 1.3.Why is cost management important? -- 1.4.Objectives of cost management -- 1.5.Responsibility for cost management -- 1.6.The role of the cost manager -- 1.7.The cost management cycle (the Benge Cycle) -- 1.8.Relationship of the documents that comprise the RICS suite of new measurement rules -- 1.9.NRM 1 and building information modelling (BIM) -- 1.10.Benefits of the rules -- 2.Cost estimating and cost planning -- Introduction -- 2.1.Cost estimates and cost plans -- 2.2.Process models for managing and designing building projects -- 2.3.An overview of the cost-estimating and cost-planning stages -- 2.4.Impact of procurement and contract strategies on cost planning -- 2.5.Review and approval process -- pt. 2 Order of cost estimates -- 3.Order of cost estimates -- an overview -- Introduction --

Contents note continued: 3.1.Purpose of an order of cost estimate -- 3.2.Types of order of cost estimate -- 3.3.When is an order of cost estimate prepared? -- 4.Commencing an order of cost estimate -- Introduction -- 4.1.Planning an order of cost estimate -- 4.2.Order of cost estimate framework -- 4.3.Methods of measurement -- 4.4.Elemental method (or elemental estimate) -- 4.5.Information requirements at order of cost estimating stage -- 5.Preparing an order of cost estimate -- Introduction -- 5.1.Steps to preparing an order of cost estimate -- 5.2.Composition of an order of cost estimate -- 5.3.Checklist for order of cost estimates -- 6.Computing the works cost estimate -- Introduction -- 6.1.Computing the works cost estimate -- 6.2.Estimating the cost of building works (estimate 1A) -- 6.3.Estimating the cost of main contractor\'s preliminaries (estimate 1B) -- 6.4.Estimating the cost of main contractor\'s overheads and profit (estimate 1C) --

Contents note continued: 6.5.Compilation of the works cost estimate (estimate 1) -- 7.Order of cost estimate -- a worked example -- Introduction -- 7.1.Information gathering -- 7.2.Development of a work breakdown structure -- 7.3.Cost manager\'s assumptions and data gathered -- 7.4.Generation of quantities for order of cost estimate -- 7.5.Computing the order of cost estimate -- 7.6.Presenting the order of cost estimate -- 8.Preparation of an initial elemental cost model -- using the elemental method of estimating -- Introduction -- 8.1.The elemental method of estimating -- 8.2.Steps to preparing an initial elemental cost model -- 8.3.Elemental breakdown for building works -- 8.4.Measurement of building elements -- 8.5.Production of the building works estimate (estimate 1A) -- 8.6.Calculation of element unit quantities -- 8.7.Calculating elemental cost targets and the building works estimate -- 8.8.Computing the works cost estimate --

Contents note continued: 9.Initial elemental cost model -- a worked example -- Introduction -- 9.1.Basis of elemental cost model -- 9.2.Assumptions and data gathered -- 9.3.Generation of element unit quantities -- 9.4.Compiling an initial elemental cost model -- 9.5.Presenting the initial elemental cost model -- pt. 3 Cost planning -- 10.Cost planning -- an overview -- Introduction -- 10.1.What is the purpose of cost planning? -- 10.2.Cost plans -- 10.3.Information requirements -- 11.Format, structure and codification of cost plans -- Introduction -- 11.1.Hierarchy of elements and components -- 11.2.Cost plan framework -- 11.3.Codification of cost plans -- 12.Preparing a cost plan -- Introduction -- 12.1.Steps to preparing a cost plan -- 12.2.Composition of a cost plan -- 12.3.Checklist for cost plan -- 13.Quantification and the use of the tabulated rules of measurement for cost planning -- Introduction -- 13.1.General approach to measuring building works --

Contents note continued: 13.2.Use of the tabulated rules for building works -- 13.3.Use of the tabulated rules for other group elements -- 13.4.Use of the tabulated rules for risks -- 13.5.Degree of measurement -- 13.6.Measurement notation -- 13.7.Quantifying and describing components for cost plans -- 13.8.Curved work -- 13.9.Work to and within existing buildings -- 13.10.Work not covered by the rules -- 13.11.Inadequate design information -- 13.12.Information required by the cost manager -- 14.Facilitating works (group element 0) -- Introduction -- 14.1.Method of measurement -- 14.2.Toxic/hazardous material removal (element 0.1) -- 14.3.Major demolition works (element 0.2) -- 14.4.Temporary support to adjacent structures (element 0.3) -- 14.5.Specialist groundworks (element 0.4) -- 14.6.Temporary diversion works (element 0.5) -- 14.7.Extraordinary site investigation works (element 0.6) -- 15.Substructure (group element 1) -- Introduction -- 15.1.Method of measurement --

Contents note continued: 15.2.Risks associated with substructure works -- 15.3.Substructures (element 1.1) -- 15.4.Standard foundations (sub-element 1.1.1) -- 15.5.Specialist foundations (sub-element 1.1.2) -- 15.6.Lowest floor construction (sub-element 1.1.3) -- 15.7.Basement excavation (sub-element 1.1.4) -- 15.8.Basement retaining walls (sub-element 1.1.5) -- 16.Superstructure (group element 2) -- Introduction -- 16.1.Method of measurement -- 16.2.Frame (element 2.1) -- 16.3.Upper floors (element 2.2) -- 16.4.Roof (element 2.3) -- 16.5.Stairs and ramps (element 2.4) -- 16.6.External walls (element 2.5) -- 16.7.Windows and external doors (element 2.6) -- 16.8.Internal walls and partitions (element 2.7) -- 16.9.Internal doors (element 2.8) -- 17.Internal finishes (group element 3) -- Introduction -- 17.1.Method of measurement -- 17.2.Wall finishes (element 3.1) -- 17.3.Floor finishes (element 3.2) -- 17.4.Ceiling finishes (element 3.3) --

Contents note continued: 18.Fittings, furniture and equipment (group element 4) -- Introduction -- 18.1.Method of measurement -- 18.2.Fittings, furnishings and equipment (element 4.1) -- 19.Services (group element 5) -- Introduction -- 19.1.Method of measurement -- 19.2.Sanitary installations (element 5.1) -- 19.3.Services equipment (element 5.2) -- 19.4.Disposal installations (element 5.3) -- 19.5.Water installations (element 5.4) -- 19.6.Heat source (element 5.5) -- 19.7.Space heating and air conditioning (element 5.6) -- 19.8.Ventilation (element 5.7) -- 19.9.Electrical installations (element 5.8) -- 19.10.Fuel installations (element 5.9) -- 19.11.Lift and conveyor installations (element 5.10) -- 19.12.Fire and lightning protection (element 5.11) -- 19.13.Communication, security and control systems (element 5.12) -- 19.14.Specialist installations (element 5.13) -- 19.15.Builder\'s work in connection with services (element 5.14) --

Contents note continued: 20.Prefabricated buildings and building units (group element 6) -- Introduction -- 20.1.Method of measurement -- 20.2.Complete buildings (sub-element 6.1.1) -- 20.3.Building units (sub-element 6.1.2) -- 20.4.Pods (sub-element 6.1.3) -- 21.Work to existing buildings (group element 7) -- Introduction -- 21.1.Method of measurement -- 21.2.Minor demolition works and alteration works (element 7.1) -- 21.3.Repairs to existing services (element 7.2) -- 21.4.Damp-proof courses/fungus and beetle eradication (element 7.3) -- 21.5.Facade retention (element 7.4) -- 21.6.Cleaning existing surfaces (element 7.5) -- 21.7.Renovation works (element 7.6) -- 22.External works (group element 8) -- Introduction -- 22.1.Method of measurement -- 22.2.Site preparation works (element 8.1) -- 22.3.Roads, paths, pavings and surfacings (element 8.2) -- 22.4.Soft landscaping, planting and irrigation systems (element 8.3) -- 22.5.Fencing, railings and walls (element 8.4) --

Contents note continued: 22.6.External fixtures (element 8.5) -- 22.7.External drainage (element 8.6) -- 22.8.External services (element 8.7) -- 22.9.Minor building works and ancillary buildings (element 8.8) -- 23.Deriving unit rates for building components, sub-elements and elements -- Introduction -- 23.1.Hierarchical structure of cost data -- 23.2.Sources of building cost data -- 23.3.Factors affecting cost data -- 23.4.Pitfalls of using cost analysis and benchmark analysis -- 23.5.Determining the cost per m2 of gross internal floor area for building works -- 23.6.Storey height -- 23.7.Determining functional unit rates for building works -- 23.8.Estimating element unit rates (EURs) -- 23.9.Estimating unit rates for components -- 24.Calculating the building works estimate -- Introduction -- 24.1.Composition of the building works estimate -- 24.2.Determining the building works estimate -- 25.Main contractor\'s preliminaries (group element 9) -- Introduction --

Contents note continued: 25.1.What are preliminaries? -- 25.2.Estimation of preliminaries costs -- 25.3.Main contractor\'s preliminaries costs -- 25.4.Subcontractors\' preliminaries costs -- 25.5.Estimation of main contractor\'s preliminaries costs -- 26.Main contractor\'s overheads and profit (group element 10) -- Introduction -- 26.1.Main contractor\'s overheads and profit -- 26.2.Subcontractors\' overheads and profit -- 26.3.Estimation of main contractor\'s overheads and profit -- 27.Calculating the works cost estimate -- Introduction -- 27.1.Composition of the works cost estimate -- 27.2.Determining the works cost estimate -- pt. 4 Estimating cost targets for non-building works items and risk allowances -- 28.Project and design team fees (group element 11) -- Introduction -- 28.1.Project and design team fees -- 28.2.Estimation of consultants\' fees (element 11.1) -- 28.3.Estimation of main contractor\'s pre-construction fee (element 11.2) --

Contents note continued: 28.4.Estimation of main contractor\'s design fees (element 11.3) -- 28.5.Subcontractors\' design fees -- 28.6.Establishing the cost target for project and design team fees -- 29.Other development and project costs (group element 12) -- Introduction -- 29.1.What are other development and project costs? -- 29.2.Communication -- 29.3.Estimation of other development and project costs -- 30.Setting and managing risk allowances (group element 13) -- Introduction -- 30.1.Risk management -- 30.2.Principles of risk management -- 30.3.Risk management and NRM 1 -- 30.4.Risk management of building projects -- 30.5.Application of risk management to building projects -- 30.6.What is a risk allowance? -- 30.7.Formal risk analysis -- 30.8.Qualitative risk assessment -- 30.9.Quantitative risk assessment -- 30.10.Methods of quantifying the risk allowance -- 30.11.Risk response and risk allocation -- 30.12.Setting and controlling the risk allowance (estimate 4) --

Contents note continued: 31.Estimating the possible effects of inflation (group element 14) -- Introduction -- 31.1.What is inflation? -- 31.2.Estimating the effects of inflation on a building project -- 31.3.Estimating the cost of tender inflation (estimate 5A) -- 31.4.Estimating the cost of construction inflation (estimate 5B) -- 31.5.Producing the inflation estimate (estimate 5) -- 31.6.Estimating inflation for multiple time periods -- 32.Establishing the cost limit -- Introduction -- 32.1.What is the purpose of the cost limit? -- 32.2.Determining the cost limit -- 33.Taxes and incentives -- Introduction -- 33.1.Value added tax -- 33.2.Capital and incentive allowances -- 33.3.Grants -- pt. 5 Writing cost estimate and cost plan reports -- 34.Reporting of cost estimates and cost plans -- Introduction -- 34.1.What is the purpose of a cost estimate or cost plan report? -- 34.2.Basic rules for writing cost estimate or cost plan reports --

Contents note continued: 34.3.Characteristics of a good cost estimate or cost plan report -- 34.4.Organising the content of a cost estimate or cost plan report -- 34.5.Structure and content of cost estimate and cost plan reports -- 34.6.Communicating the cost estimate or cost plan -- pt. 6 Designing pricing documents using NRM 1 -- 35.Pricing documents -- Introduction -- 35.1.Using the NRM 1 cost plan framework as a pricing document -- 35.2.Contract sum analysis -- pt. 7 Analysing bids and collecting data using NRM 1 -- 36.Analysing bids and collecting cost data -- Introduction -- 36.1.Changing contract strategies -- 36.2.Framework for collecting cost data -- 36.3.Analysing bids and collecting cost data -- 36.4.Benchmarking.