Quantification and Costing Flashcards
Name the 3 NRM documents?
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.
Name the 3 RMM documents?
RMM1 - Order of Cost Estimating, Cost Planning and Detailed Measurement for Rail Infrastructure Works.
RMM2 - Rail Activity Based Cost Models for Rail Infrastructure Works.
RMM3 - Order of Cost Estimating, Cost Planning and Detailed Measurement for Rail Maintenance Works.
What’s the strucutre of NRM1?
- General
- Measurement rules for order of cost estimating
- Measurement rules for cost planning
- Tabulated rules of measurement for elemental cost planning
Split into 14 Group Elements
E.g. Group Element 2: Superstructure
Group Element > Element > Sub-element > Component
What’s the structure of NRM2?
- General
- Detailed measurement of building works
- Rules of measurement for building works
Tables of measurement split into 41 work sections.
E.g. Work Section 7: Piling
What’s the strucutre of RMM1?
- RMM Suite of Documents in Context
- General
- Cost Estimating and Cost Planning
- Detailed Measurement (includes tabulated rules of measurement)
Cost Category > Group Element > Element > Sub-element > Component > Sub-component
Cost Categories:
1.0 - Direct Construction Work
2.0 - Indirect Construction Work
3.0 - Design, Project Management and Other Project Costs
4.0 - Risk
5.0 - Inflation
6.0 - Taxation and Grants
Group Element E.g. 1.03 - Electric Power and Plant.
What’s the structure of RMM2?
- RMM Suite of Documents in Context
- General
- Primary Rail Activity Cost Model.
Benchmarking process:
- Data Collection
- Data Comparison
- Data Analysis
- Action
- Repeat
What benefits do standard methods of measure offer?
Provides a standard set of measuring rules for construction works understood across the industry.
Consistent format allows the data to be used to benchmark similar schemes.
Provides a consistent Work Breakdown Structure.
List the different types of cost plans and when they would be produced?
Order of Cost Estimate - RIBA 1
Formal Cost Plan 1 - RIBA 2
Formal Cost Plan 2 - RIBA 3
Formal Cost Plan 3 - RIBA 4
What outliers did you discover on the M621 final estimate?
- Length on the piles
- Formwork quantities
What format was the cost plans you produced for Network Rail?
Based on the RMM Cost Plan format.
Cost captured against all the Cost Category’s.
Direct construction cost was built up from labour, plant and materials basis.
Cost from other cost categories such as possession cost and PM cost were also included in the estimate.
What standard method of measure did you base your NR cost plans on?
Rail Method of Measure 1 - Order of Cost Estimating, Cost Planning and Detailed Measurement for Rail Infrastructure Works.
How was contingency on the cost plans calculated?
Risk Analysis was conducted and benchmarked against similar historical schemes.
What is a schedule of rates?
List of rates for provision of labour, plant, material or completing specific types of works.
Used to price works, such as for framework contracts.
Explain the price reduction you achieved in assuring the subcontractor’s quote on the South UPS project?
Price from suppllier was £59K.
Utilising SPONS Mechnical and Electrical price book and adjuting their rates for inflation and region I calculated a rate of £28.
Rate was reduced by £32 to £26.5K
Misunderstanding as to required UPS size.
How did you go about challenging the UPS rate with the supplier?
- Prepared all my calculations and backup for the price range I developed.
- Arranged a meeting with the subcontractor’s QS.
- Explained my position and findings and sort to work with the subcontractor’s QS collaboratively.
- Subcontractor’s QS did some investigation and accepted my challenge and provided an updated. quote.