Document downloads - On-costs
Available downloads
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Cost reporting
Published: March 2015
Effective from: March 2015
This 1st edition guidance note sets out the principles of cost reporting from the perspective of the quantity surveyor to the client during construction.
This guidance note explains the purpose of cost reporting, the factors affecting outturn cost and explores the different formats and types of cost report.
This guidance note covers:
- the purpose of cost reporting;
- cost reporting models;
- report formats;
- establishing the budget;
- treatment of variable costs;
- strategic importance; and
- reporting of loss and expense.
This is part of the RICS QS and Construction Standards. -
Life cycle costing
Published April 2016
Effective from 1 July 2016
This guidance note summarises what is meant by a life cycle costing and whole life costing service for both new construction works and for the refurbishment of existing assets.
Covered in this guidance note:
- standards and definitions
- essentials of life cycle costing
- worked examples.
This is part of the RICS QS and construction standards (the 'Black Book'). -
Cost prediction
Published November 2020
Effective from 1 July 2021
Reissued June 2024
This 1st edition professional standard provides an overview of global best practice in cost prediction and the implementation of ICMS.
Different markets and construction sectors undertake cost prediction in different ways. Eliciting the key principles from these various approaches, the document sets out mandatory requirements that RICS members and RICS-regulated firms must follow when producing a cost prediction report for a client or senior management.
This document was reissued in June 2024 as a professional standard. It had previously been published in November 2020 as a professional statement. No material changes have been made to the document.