The New Rules of Measurement (NRM) are a suite of documents issued by the RICS Quantity Surveying and Construction Professional Group. These new rules have been developed to provide a standard set of measurement rules that are understandable to all those involved in a construction project. The new rules of measurement include cost estimating, works procurement and post-construction procurement.
As well as covering the traditional costs, the NRM encompass a range of other issues. These include overheads, profit and inflation, and other costs including consultants' fees, land costs, and planning obligations. Guidance is also provided on dealing with tax allowances and grants.
Part of the rationale for the NRM new rules of measurement is to provide central governments, local governments and other public sector bodies with a value-for-money framework. More accurate cost estimation should also give reassurance to banks which are lending for construction projects. Although the NRM are based on UK practice, the basic principles should be applicable globally.
NRM1 Order of Cost Estimating Cost Planning for Capital Building Works
NRM2 Detailed Measurement for Building Works
NRM3 Order of Cost estimating and Cost Planning for Building Maintenance Works
JCT Contracts guidance on NRM
New Rules of Measurement 2012