Quantity Surveyors play a crucial role in ensuring the financial success of construction projects. They are responsible for managing costs, providing accurate estimates, and keeping projects within budget.
In recent years, the Rail Method of Measurement (RMM) has become an increasingly important tool for Quantity Surveyors working in the rail infrastructure sector.
In this blog, we’ll explore why Quantity Surveyors should use RMM and the benefits it can bring to their work.
What is Rail Method of Measurement?
The Rail Method of Measurement is a standardised approach to measuring and valuing rail infrastructure works. It was developed by Network Rail and has been widely adopted throughout the industry.
RMM provides a common language for comparative measurement, valuation, and analysis of railway engineering construction projects. It is designed to ensure consistency and comparability of costs, which is critical to the work of quantity Surveyors.
Why Should Quantity Surveyors Use RMM?
Consistency and Comparability: Keeping Costs in Check
As a Quantity Surveyor, you know all too well that managing costs throughout a project is no easy feat. Ensuring consistency and comparability of costs across different phases of a project is even more challenging. Thankfully, the Rail Method of Measurement (RMM) has got your back.
RMM is like the grammar rules of the construction world. It provides a standardised approach to measuring and valuing rail infrastructure works, which ensures that costs are consistent and comparable across different projects and phases.
You'll never have to worry about the frustration of inconsistent or incomparable costs again.
Cost Planning and Management: The RMM Framework
Budgets and timelines are the backbone of any construction project. Without them, chaos ensues. RMM provides a solid framework for cost planning and management of rail infrastructure works. You can use it to estimate costs, monitor progress, and manage budgets throughout the project lifecycle.
By relying on RMM, you'll have a clear idea of how much each stage of a project costs, helping you to ensure that it's delivered on time and within budget. Plus, you'll avoid the headache of trying to keep track of expenses using multiple methods.
Accurate Estimates: The Foundation of Successful Projects
Accurate estimates are essential to the success of any construction project. With RMM, you can provide detailed and accurate estimates of costs at every stage of a project. RMM provides a comprehensive framework for measuring and valuing rail infrastructure works, enabling you to make sure that your estimates are spot-on.
Thanks to RMM, you'll be able to ensure that your projects are adequately funded, and budgets are managed effectively. You'll avoid the frustration of realising that you're over budget halfway through a project and scrambling to fix it.
Industry Standard: Recognised and Respected
RMM is widely recognised as the industry standard for measuring and valuing rail infrastructure works. It's used by Network Rail and its supply chain, and relevant funding submissions are now expected to be in this format as standard.
By relying on RMM, you'll be using a recognised industry standard, which promotes consistency and transparency across the sector. You'll be part of a community of Quantity Surveyors who are working together to streamline the industry and ensure that projects are managed effectively and efficiently.
Avoid Disputes: Keep the Peace with RMM
Disputes over costs are a common occurrence in the construction industry. With RMM, you can avoid the headaches of disputes over costs altogether. RMM provides a standardised approach to measuring and valuing rail infrastructure works, ensuring that costs are accurately measured and valued.
By using RMM, you'll reduce the risk of disputes arising, keeping your projects on track and your clients happy. Plus, you'll avoid the awkward conversations about unexpected costs that can sour even the best working relationships.
In conclusion, the Rail Method of Measurement is an essential tool for Quantity Surveyors working in the rail infrastructure sector. By providing a standardised approach to measuring and valuing rail infrastructure works, RMM promotes consistency, comparability, and transparency across the sector.
Relying on RMM allows Quantity Surveyors to provide accurate estimates, manage costs effectively, and avoid disputes over costs. With industry-wide adoption of RMM, Quantity Surveyors can ensure that they're using a recognised industry standard, which promotes consistency and transparency across the sector.