Document downloads - Cost management
Available downloads
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Cost management change control log
Changes within construction projects are inevitable, but should be kept to a minimum and, when they do occur, controlled rigorously. For this to happen, there must be an adequate strategy and sufficient supporting documentation to record and manage the change control process.
This is a sample change control log for recording these changes. -
Cost management tender receipt opening form
Upon receiving tenders, and opening them at the previously agreed time, the amounts, together with brief comments (such as qualifications, the programme, the priced BQs received or not received) should be recorded on a standard tender return form. Each person present should sign the form to record that he or she was present and that it is a true and accurate record of the tender opening.
This form is a template sample tender receipt opening form for recording such an opening. -
Surveyors' construction handbook: value engineering (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. -
Surveyors' construction handbook: pre-contract cost planning and cost management (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. -
Surveyors' construction handbook: life cycle costing (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. -
Surveyors' construction handbook: developing an appropriate building procurement strategy (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. -
Surveyors' construction handbook: the management of risk (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. -
Surveyors' construction handbook: valuations for interim certificates (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. -
Surveyors' construction handbook: extension of time (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Any questions relating to its status and application should be addressed to the RICS QS and construction professional group. -
Cost analysis and benchmarking – UK
Published August 2024
This practice information summarises the purpose and process of both cost analysis and construction project benchmarking.
It is based on current practice within the UK and covers the general principles applying to each operation. It does not seek to cover every approach to cost analysis or benchmarking but looks at the subject areas from a practical aspect.
In addition, while the processes of cost analysis and benchmarking are applicable to the whole life costs associated with the construction and operation of a building, this guidance note considers capital cost only. The principles covered may, however, also be applied to costs in use.
This is part of RICS' Black Book, which is a collection of technical practice documents that covers all processes throughout the construction project life cycle. The documents are essential development tools for junior professionals working through their APC and useful guides to best practice for more experienced professionals.
A project is currently underway to review and update the Black Book content with the aim of producing a comprehensive new edition. Expected to publish in 2025, the new Black Book will comprise an overarching global professional standard, accompanied by practical guidance material. -
Cost analysis and benchmarking – global (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
This first edition guidance provides a summary of the purpose and process of both cost analysis and construction project benchmarking.
The purpose of this guidance note is to ensure consistent practice, delivered in a professional manner that is in line with internationally recognised guidance.
This is part of the RICS QS and Construction Standards. -
Cost analysis and benchmarking – Chinese translation (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
This is part of the RICS QS and Construction Standards.
Please be aware that this guidance note contains some material which is in the process of being updated for revisions to the CDM Regulations, RIBA Plan of Work, and updates to the JCT, NEC and FIDIC suites. Members are made aware of these impending revisions in order that they first check the most up to date position before electing to act in accordance with this guidance document. -
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 RICS' Black Book, which is a collection of technical practice documents that covers all processes throughout the construction project life cycle. The documents are essential development tools for junior professionals working through their APC and useful guides to best practice for more experienced professionals.
A project is currently underway to review and update the Black Book content with the aim of producing a comprehensive new edition. Expected to publish in 2025, the new Black Book will comprise an overarching global professional standard, accompanied by practical guidance material. -
BIM for cost managers: requirements from the BIM model
Published: August 2015
Effective from: August 2015
This global guidance note should be used as a source of reference for quantity surveyors or cost managers when BIM has been implemented in the life cycle of a project. It offers an awareness of BIM and provides readers with recommendations for good practice when producing measurement outputs.
This guidance note covers:
- working in a BIM environment
- background information on naming structures conventions/data drops
- internal practice procedures and
- BIM measurement.
This guidance note is effective from publication in August 2015. -
Utilization of BIM in construction cost and project management practices (RICS)
Published June 2015
The report analyses the factors shaping the development of BIM in the North American, Chinese and UK construction industries and provides insight in how to navigate these. -
Construction cost and commercial management services in the UK and China (RICS)
Published May 2016
This research compares the two of the most popular mainstream cost management systems in the world promoting construction cost management consultants to better understand complex client needs.