NRM1 Cost Management Handbook

The definitive guide to measurement and estimating using NRM1, written by the author of NRM1

The ''RICS New rules of measurement: Order of cost estimating and cost planning of capital building works'' (referred to as NRM1) is the cornerstone of good cost management of capital building works projects - enabling more effective and accurate cost advice to be given to clients and other project team members, while facilitating better cost control.

The NRM1 Cost Management Handbook is the essential guide to how to successfully interpret and apply these rules, including explanations of how to:

• quantify building works and prepare order of cost estimates and cost plans
• use the rules as a toolkit for risk management and procurement
• analyse actual costs for the purpose of collecting benchmark data and preparing cost analyses
• capture hi