L1 - Cost Planning Flashcards
What is NRM1?
Order of Cost Estimating and Cost Planning for Capital Building Works
What is NRM 2?
Detailed Measurement for Capital Building Works
What is NRM 3?
Order of Cost Estimating and Cost Planning for Building Maintenance Work
What are the sections of NRM1?
General Section (uses, purpose definitions etc)
Introduction
Measurement rules for order of cost estimating
Measurement rules for cost planning
Tabulated rules of measurement for elemental cost planning
Appendices (incl. definition of GIA, NIA, etc.)
What are the sections of NRM2?
General
Introduction
Rules for detailed measurement of building works
Tabulated rules for detailed measurement of building works
Appendices
What is NRM?
New rules of measurement - superseded SMM7
When might you use NRM3?
During life cycle costing process.
What are the RIBA Stages?
- Previous was 2013.
Stages 0-7
What is the purpose of a Order of Cost Estimate?
To establish if the proposed building is affordable and realistic, usually based on limited design information.
What is a Order of Cost Estimate?
A high level budget cost of a construction project.
What is required from the Architect to produce a OCE?
Design sketches
Area schedule
Minimum storey heights
Project constraints
Fit-out definition
Risk register
What information is needed to carry out a OCE?
Site location
Statement of building use
Statement of floor area and schedule of accommodation
Requirements for refurbishment
Project brief
Details of any enabling works
Indicative programme
Initial procurement views
Storey heights
Site constraints
External constraints
What is included in an OCE?
Construction costs
Prelims
OH&P
Contingency / risk allowance
Inflation
Area schedule
How do you prepare OCE’s?
Elemental method
Floor area method
Functional unit method e.g. nr apmts x cost of 1nr apmt
What is a Cost Plan?
An instrument used to control the budget costs through Stages 3 and 4.
What are the sections of a Cost Plan?
Executive summary
Cost summary
Area schedule & unit mix
Pricing notes, assumptions & exclusions
Cost reconciliation
Benchmarking
Detailed cost build up
Basis of cost estimate
What are some exclusions in a Cost Plan?
VAT
Site acquisition costs
S106 / S278 works if no works under highways
Asbestos
What is the elemental breakdown?
0 Facilitating works
1 Substructure
2 Superstructure
3 Internal finishes
4 FF&E
5 Services
6 Prefabricated buildings
7 Works to existing buildings
8 External works
What is the difference in design information for Stages 2 and 3?
Stage 2 you would expect GAs, maybe 1 or 2 elevations
Stage 3 you would expect GAs, elevations, sections and specifications
What is the difference in design information for Stages 3 and 4?
Further detail in Stage 4
Info should be further coordinated
More detailed layouts, sections, elevations
May have schedules as well, e.g. door schedules, sanitaryware schedules etc
What is the purpose of contingency?
To allow for unassociated risks.
What are the different types of risk?
Design development risk - design info, planning requirements
Construction risk - access restrictions, existing buildings
Employer change risk - change in design or scope
Employer other risk - LDs / acceleration
What are typical design risk %’s per RIBA stage?
Stage 1 - 10%
Stage 2 - 5%
Stage 3 - 3%
Stage 4 - 2%
What are typical construction contingency %’s?
10%
