Cost breakdown structure
The New Rules of Measurement (NRM) are published by the Royal Institute of Chartered Surveyors (RICS) and prepared by the Quantity Surveying and Construction Professional Group. They provide a standard set of measurement rules for estimating, cost planning, procurement and whole-life costing for construction projects.
According to NRM2: Detailed measurement for building works, in the context of bill of quantities, the cost breakdown structure (CBS) ‘…represents the financial breakdown of a building project into cost targets for elements or work packages.’ Where the bill of quantities (sometimes referred to as 'BoQ' or 'BQ') provides project specific measured quantities of the items of work identified by the drawings and specifications for a project .
The cost breakdown structure can be developed based on the work breakdown structure (WBS) and can be used to allocate costs to each part of the building project. The WBS and CBS provide a baseline for cost management of the project during construction.
For more information see: Bill of quantities breakdown structures.
[edit] Related articles on Designing Buildings Wiki
- Bill of quantities breakdown structures.
- NRM2.
- Approximate bill of quantities.
- Bill of quantities.
- Cost planning.
- Elemental bill of quantities.
- Firm bill of quantities.
- Measurement.
- Product breakdown structure.
- Tender documentation.
- Tender pricing document.
- Types of bill of quantities.
- Uniclass.
- Work breakdown structure.
- Work package bill of quantities.
- Work section bill of quantities.
Featured articles and news
Infrastructure that connect the physical and digital domains.
Harnessing robotics and AI in challenging environments
The key to nuclear decommissioning and fusion engineering.
BSRIA announces Lisa Ashworth as new CEO
Tasked with furthering BSRIA’s impressive growth ambitions.
Public buildings get half a million energy efficiency boost
£557 million to switch to cleaner heating and save on energy.
CIOB launches pre-election manifesto
Outlining potential future policies for the next government.
Grenfell Tower Inquiry announcement
Phase 2 hearings come to a close and the final report due in September.
Progress from Parts L, F and O: A whitepaper, one year on.
A replicated study to understand the opinion of practitioners.
ECA announces new president 2024
Electrical engineer and business leader Stuart Smith.
A distinct type of countryside that should be celebrated.
Should Part O be extended to existing buildings?
EAC brands heatwave adaptation a missed opportunity.
Definition of Statutory in workplace and facilities management
Established by IWFM, BESA, CIBSE and BSRIA.
Tackling the transition from traditional heating systems
59% lack the necessary information and confidence to switch.
The general election and the construction industry
As PM, Rishi Sunak announces July 4 date for an election.
Eco apprenticeships continue help grow green workforce
A year after being recognised at the King's coronation.
Permitted development rights for agricultural buildings
The changes coming into effect as of May 21, 2024.