Standards are first of three documents that aim to make it easier for clients to compare estimates
The first wave of a new set of measuring guidelines from the RICS was launched today.
The standards for cost estimating and elemental cost planning aim to make it easier for clients to understand and cross-compare estimates from different firms.
It is the first of three documents due to be published over the next two years as part of the RICS’ New Rules of Measurement (NRM), which promises to provide a standardised way of measuring projects from beginning to end for the first time.
Today’s publication also includes advice on dealing with costs such as risk allowance and inflation plus non-construction related costs including consultants fees and planning contributions.
Peter Goodacre, the RICS president, said: “It is more important than ever that RICS continues to give our members the guidance to work to the highest standards.
“We feel that this new suite of rules, enabling the quantity surveying profession to measure construction projects from beginning to end using a single standardised rule book, will provide them with the tools to provide clients with the best possible advice in a challenging market place.”
The second document on procurement is expected at the end of this year and the third, on whole-life costing, at the end of 2010.