Prime cost price
According to NRM 2, RICS new rules of measurement, Detailed measurement for building works, published by the Royal Institution of Chartered Surveyors (RICS) in April 2012:
Where the exact type of product or component cannot be specified, an estimated price for the product or component shall be given in the description as a prime cost price (PC price). State, for example, ‘Allow the PC price of £x per thousand delivered to site’, ‘Allow the PC price of £y per m2 delivered to site’, or ‘Allow £z each delivered to site’. Unless specifically stated otherwise in the bill of quantities or in these rules, the contractor shall be deemed to have allowed for all items listed in paragraph [IP address hidden] in his or her priced rate for each building component/item incorporating a PC price. PC prices shall exclude any allowance for the main contractor’s overheads and profit, which are dealt with separately. |
Paragraph [IP address hidden] refers to:
- (1) labour and all costs in connection therewith;
- (2) materials and goods together with all costs in connection therewith;
- (3) assembling, installing, erecting, fixing or fitting materials or goods in position;
- (4) plant and all costs in connection therewith;
- (5) waste of goods or materials;
- (6) all rough and fair cutting unless specially stated otherwise;
- (7) establishment charges; and
- (8) cost of compliance with all legislation in connection with the work measured including health and safety, disposal of waste and the like.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
About the 5 Percent Club and its members
The 5% Club; a dynamic movement of employers committed to building and developing the workforce.
New Homes in New Ways at the Building Centre
Accelerating the supply of new homes with MMC.
Quality Planning for Micro and Small to Medium Sized Enterprises
A CIOB Academy Technical Information sheet.
A briefing on fall protection systems for designers
A legal requirement and an ethical must.
CIOB Ireland launches manifesto for 2024 General Election
A vision for a sustainable, high-quality built environment that benefits all members of society.
Local leaders gain new powers to support local high streets
High Street Rental Auctions to be introduced from December.
Infrastructure sector posts second gain for October
With a boost for housebuilder and commercial developer contract awards.
Sustainable construction design teams survey
Shaping the Future of Sustainable Design: Your Voice Matters.
COP29; impacts of construction and updates
Amid criticism, open letters and calls for reform.
The properties of conservation rooflights
Things to consider when choosing the right product.
Adapting to meet changing needs.
London Build: A festival of construction
Co-located with the London Build Fire & Security Expo.
Tasked with locating groups of 10,000 homes with opportunity.
Delivering radical reform in the UK energy market
What are the benefits, barriers and underlying principles.
Information Management Initiative IMI
Building sector-transforming capabilities in emerging technologies.
Recent study of UK households reveals chilling home truths
Poor insulation, EPC knowledge and lack of understanding as to what retrofit might offer.