The RICS (Royal Institute of Chartered Surveyors) took a step forward in putting a wrapper around the 5th D of BIM (Cost) with the publication of the New Rules of Measurement (NRM) included with the Black Book, the QS and Construction Standards.
the NRM suite provides a common measurement standard for cost comparison through the life cycle of cost management. The suite has been developed as a result of industry collaboration to ensure that at any point in a building’s life there will be a set of consistent rules for measuring and capturing cost data, thereby completing the cost management life cycle and supporting the procurement of construction projects from cradle to grave. A better understanding of costs during the construction process will increase certainty for business planning and support a reduction in spending on public and private sector construction projects in the long run.
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