Feedback needed for landmark standard: Respond and claim free CPD (one hour)
Your feedback is needed to help reduce risk in the global construction industry. The second public consultation on the International Construction Measurement Standards (ICMS) is now open and as engaged professionals, we urge you to respond. This will be the final chance for all stakeholders to shape ICMS prior to publication in July 2017.
What is ICMS Coalition?
- A growing group of more than 150 professional and not-for-profit organisations and individuals* from around the world, are working together to develop and implement international standards for benchmarking, measuring and reporting construction project cost.
- Report by McKinsey Global Institute ‘Reinventing Construction: A route to higher productivity’ (Feb 2017) states that the International Construction Measurement Standards‘will help clarify the costs of projects.’
- The ICMS Coalition includes the International Cost Engineering Council, the Pacific Association of Quantity Surveyors, the Council of European Construction Economists and the RICS. Full member list.
- Find out more about the problem the ICMS Coalition is trying to solve: Watch this short video
Have your say
Calling: cost consultants and quantity surveyors, architects, engineers, accountants and lawyers.
JULIE CHRISTIE MARQUEZ DELA CRUZ,PICQS, CHAIR AND FOUNDER commented: “ICMS has been established following calls from investors, financiers and clients of the construction industry demanding global rules in reporting, thereby allowing international comparisons on project costs through the use of consistent information.
“Benefits of ICMS include greater clarity in assessing the feasibility of projects at global, NGO and national level and a BIM friendly classification to enable the global collection of key data and cost drivers. The Coalition would like to thank the *100 organisations and individuals from around the world who have responded to the first public consultations and look forward to receiving comments from many more.”