Pre-Manufactured Value (PMV %) is the financial proportion of a construction project’s Gross Construction Cost derived through pre-manufacturing. Pre-manufacturing includes all costs incurred prior to the final installation at the construction workface, including all materials, the total labour applied in pre-manufacturing processes, fixed and variable manufacturing overheads and associated plant, logistics and transportation costs.

Gross Construction Costs include all pre-manufactured costs, on site labour costs, all preliminaries costs, overhead, profit and risk. There are a number of inclusions and exclusions in relation to Gross Construction Cost. Please refer to the technical manual for further detail.