Quantification and Costing (Level 3) Flashcards
What is NRM?
New Rules of Measurement (1,2 and 3) provides a standard set of measurement rules and essential guidance for the cost management of construction projects and maintenance works.
What are the three NRM?
1 = Order of cost estimating and cost planning for capital building works.
2 = Detailed measurement for building works.
3 = Order of cost estimating and cost planning for building maintenance works
When were the new issues effective from?
The were effective from 1 December 2021
What is the RICS code of measuring practice?
The RICS code of measuring practice was produced to provide precise definitions of how to measure buildings. This includes GEA, GIA, NIA.
What is IPMS?
International Property Measurement Standard (IPMS)
Why was IPMS introduced?
To establish a consistent methodology for measuring buildings around the world.
What are the key differences between IPMS and RICS code of measuring practice?
COMP was the previous measurement standard which regulated primarily RICS member nations, whereas the IPMS is now a global measurement standard.
Some key differences in the methods of measurement is that COMP used NIA whereas IPMS uses NLA (net lettable area) - a key difference in this is that areas such as external balconies are included within NLA whereas would not be included in NIA
Internal Dominant Face vs Internal Face of External Wall
What is BIM?
Building Information Modelling - the process of creating and managing digital information about a built asset
What are the RIBA plan of works?
Stages 0-7:
0 = Strategic Definition
1 = Prep and Brief
2 = Concept Design
3 = Developed Design
4 = Technical Design
5 = Construction
6 = Handover
7 = In use
What level of design is required for cost plans?
Stage 3 - NBS outline spec
Stage 4 - NBS detailed spec
How do you provide cost information at various stages?
Stage 1-2 Cost Model
Stage 3-4 Cost Plan
Stage 5 Final Account
What is GEA?
Gross External Area is the area of a building measured externally at each floor level.
What is GIA?
Gross Internal Area is the area of a building measured to the internal face of the perimeter walls at each floor level
What is NIA?
Net Internal Area of a building is the usable area measured to the internal finish of the perimeter or party walls
What are the sources of cost data?
Primary, Secondary, First Principles
What is Primary cost data?
Primary cost data is provided by yourself. This would be from market testing and project rates you have previously used. Accurate.
What is Secondary cost data?
Secondary cost data is data from other sources such as price books or rates from other projects you have not previously worked on. (SPONS)
What are first principles sorces of cost data?
First principles sources of cost are rates that you build up yourself from the key components.