Design Economics L3 - SoE Q’s

Question 1

What are the three documents in the NRM suite?

Answer 1

NRM1 - Order of Cost Estimating and Cost Planning for Capital Building Works

NRM2 - Detailed Measurement for Building Works

NRM3 - Order of Cost Estimating and Cost Planning for Building Maintenance Works

Question 2

What is the difference between an order of cost estimate and a formal cost plan?

Answer 2

Order of cost estimate - estimate based on benchmark data based on the clients initial brief. Establishes affordability. Level 1 & 2

Formal Cost plan - estimate based on drawings and/or specifications. Level 3, 4, & 5