Quantification and costing of Construction works

Question 1

What are the key differences between SMM7 and NRM2?

Answer 1

• NRM2 now provides further elemental breakdowns within work section
• many small items are now deemed included
• Clearer definitions of prime costs and prov sums

Question 2

What is your understanding of a Prime cost?

Answer 2

• Is the cost of an item that has either not been selected or the price was unknown as the time the contract was entered into.
• the client would therefore pay the difference in price.

Question 3

How would you advise your client if an error was found within your Cost Plan?

Answer 3

• If the error was identified before a contract had been entered into, then a discussion between client and contractor could be held to agree to amend.
• If a Contract has been signed, then both parties would have to stand by the rate/qty. Only through agreement by both parties could the error be changed.

Question 4

Where would you find the defined GIA & GEA

Answer 4

• The code of measuring practice notes, published by the RICS