Elemental Cost Planning, New Rules of Measurement and Cost Administration
Explore the elemental cost plan, the New Rule of Measurement 1 (NRM1) methodology and the process of cost administration.
Duration
2 weeksWeekly study
8 hours
Elemental Cost Planning, New Rules of Measurement and Cost Administration
What is the relevance of the New Rules of Measurement?
This course aims to develop your understanding of the elemental estimating method, an alternative approach for calculating the total estimated cost of a construction project.
During the course, you’ll also examine the approximate quantities method and explore the RICS Code of Measuring Practice. On completion, you will have also had the opportunity to evaluate the principles of the NRM1 methodology.
What topics will you cover?
- Identifying building elements
- Elemental estimating
- The approximate quantities method
- Basis of a cost plan
- RICS – Code of Measuring Practice
- Elemental method in order of cost estimate
- Formal cost plans
- NRM1
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Develop an understanding of the elemental estimating method
- Develop an understanding of the approximate quantities method
- Develop an understanding of formal cost plans
- Develop an understanding of the principles behind New Rules of Measurement (NRM1)
- Evaluate the RICS – Code of Measuring Practice
Who is the course for?
This course is aimed at students looking to understand the elemental cost planning and New Rules of Measurement in the construction industry.
Please note that the individuals detailed in the ‘Who will you learn with?’ section below, are current staff members and may be subject to change.
Who will you learn with?
Danny McGough is the course director for the Construction Management with BIM online course at Coventry. He's worked on a number of complex research projects focusing on BIM & sustainable development.
Who developed the course?
Coventry University
Coventry secured 5 QS Stars for Teaching and Online Learning in the QS World University Ranking 2020 and has received No. 1 in the world for Massive Open Online Courses in MoocLab’s World University Ranking 2021.
Established
1992Location
Coventry
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