RICS NRM1 Cost Planning Masterclass | WBS Structure & Risk Allowances Explained

Struggling to build a pre-contract cost plan that meets RICS standards? In this masterclass, we break down RICS NRM1 Pre-Contract Cost Planning from absolute first principles—showing you step-by-step how to structure an elemental cost plan when very little design information is available. Predict. Optimize. Deliver. 📥 FREE DOWNLOAD: NRM1 Cost Plan & Risk Allowance Excel Template Grab your automated Excel starter template with pre-built WBS codes and RICS risk allowance calculators: 👉 https://bit.ly/46HZCxS ========================================= ⏱️ TIMESTAMPS: 0:00 - The 10% Contingency Trap 1:15 - Why RICS Updated NRM1 (October 2021 Suite) 2:45 - IPMS, ICMS & RIBA Plan of Work Alignment 4:10 - Structuring the WBS & Cost Breakdown Structure (CBS) 5:50 - Level 4: The Golden Bridge to International ICMS 7:15 - Pre-Contract Data Extraction Checklist 8:45 - The 9 NRM1 Group Elements (Group 0 to 8) 10:10 - Facilitating Works vs. Enabling Works Trap 11:30 - The 4 RICS Risk Allowances (Replacing Contingency) 13:10 - Professional Indemnity Insurance (PII) Warning 14:00 - Action Steps & Free Template Download ========================================= 💡 WHAT YOU'LL LEARN IN THIS MASTERCLASS: • Why generic "contingency" percentages fail RICS APC assessments and invalidate firm PII. • How to align local NRM1 cost plans with ICMS Level 4 for international reporting. • The exact data to extract from Architects, Structural Engineers, and MEP Engineers at RIBA Stage 2. • How to accurately measure Facilitating Works (Group Element 0) without confusing it with Enabling Works. • How to calculate the 4 RICS Risk Allowances: Design Development, Construction, Employer Change, and Employer Other. ========================================= 🔗 RECOMMENDED RESOURCES: • Visit our website for more tips & tricks: https://DIYQSPRO.com • Subscribe to DIYQSPRO for weekly Quantity Surveying & Commercial Management tutorials. #QuantitySurveying #NRM1 #CostPlanning #RICS #CivilEngineering #CommercialManagement #ConstructionEstimating #DIYQSPRO