Nrm 3

ISBN 10: 1783211288 ISBN 13: 9781783211289

Publisher: Unknown 3

Synopsis

Provides fundamental guidance on the quantification of maintenance works for the purpose of preparing order of cost estimates and formal cost plans (pre construction) and detailed cost plans (post construction) and during the in use phases of the building life cycle. Synopsis This volume NRM 3: Order of cost estimating and cost planning for maintenance works, provides fundamental guidance on the quantification of maintenance works for the purpose of preparing order of cost estimates and formal cost plans (pre construction) and detailed cost plans (post construction) and during the in use phases of the building life cycle. The guidance provided by the rules also aids the procurement and cost control of maintenance works. NRM 3 follows the same structure and premise as the NRM 1: Order of cost estimating and cost planning for capital building works. Consequently, NRM 3 also gives direction on how to quantify other items associated with building maintenance works, which are not reflected in the measurable maintenance work items - i.e. maintenance contractor's management and administration charges, overheads and profit, consultants' fees, employer definable other maintenance-related costs; and risks allowances in connection with maintenance works. Unlike capital building projects, maintenance works are required to be carried out from the day a building or asset is put to use until the end of its life. Accordingly, while the costs of a capital building works project are usually incurred by the building owner/developer over a relatively short-term, costs in connection with maintenance works are incurred throughout the life of the building - over the short, medium and long-term. Therefore NRM 3 also provides guidance on the measurement and calculation of the time value of money (NPV and payback methods), as well as other considerations such as taxation and other incentives.

Edition details

• Publisher: Unknown 3
• ISBN 10: 1783211288
• ISBN 13: 9781783211289
• Binding: Unknown Binding