BCIS Elemental standard form of cost analysis
Published April 2012
Accurate cost analysis is essential as new procurement practices are making a targeted cost plan central to the entire construction process. Cost analysis provides data to allow comparisons between the costs of various building functions with equivalent functions in other projects so that information from existing projects can inform the budgeting and benchmarking of future projects.
The principles, instructions and definitions of the 4th edition clarify the definitions and rules of previous editions in light of modern building design and construction techniques and take into account some practical issues arising from RICS' new rules of measurement (NRM1) and (NRM2).
The 4th edition sets out:
- the principles of analysis
- instructions on the information required to complete a costs analysis
- general definitions
- definitions of the elements and sub-elements and
- element unit quantities.
It also contains example analysis forms, describes the BCIS elemental XML schema and the BCIS analysis writer programme.