In November, the International Construction Measurement Standards (ICMS) was released for public comment.
ICMS Coalition, a group of over 40 professional bodies, is asking for professionals to support the project that seeks to develop a new approach to calculate costs for the world’s building and civil engineering projects. The aim is to devise a universal system for measuring the cost of construction projects to allow comparisons to be made on a like-for-like basis between countries.
Today, the way construction project costs are measured varies significantly from country to country, hampering decision making and creating barriers to investment. All stakeholders in the construction and infrastructure sectors are invited to comment on the draft standard.
“This draft international standard presents huge opportunities for the global cost management profession,” says Ong See Lian, Chair of the ICMS Coalition SSC. “We’ve worked hard to get the new standard to this point and we now need to hear from cost consultants, quantity surveyors and civil engineers around the world.”
Related Stories
Codes and Standards | Apr 10, 2018
Boosting energy efficiency helps reduce health risks
Cleaner air results in fewer heart attacks, respiratory disease, and premature deaths.
Codes and Standards | Apr 9, 2018
U.K. business leaders call for zero-carbon buildings by 2030
Real estate, construction industry executives among those supporting the goal.
Codes and Standards | Apr 5, 2018
In Houston, proposed rules would require building above 500-year flood level
Change would impact 85,739 pieces of property.
Codes and Standards | Apr 4, 2018
New ASTM standard supports stucco use in construction
Provides way to measure tensile strength in vertical applications.
Codes and Standards | Apr 3, 2018
LEED v4.1 O+M for Existing Buildings available for beta testing
Update said to be most inclusive and transparent platform to date.
Codes and Standards | Apr 2, 2018
Experts chosen for ICC, ANCR buildings resilience benchmarks project
Specialists to focus on community preparedness for disasters.
Codes and Standards | Mar 29, 2018
Contractors have paid $5.2 million for failing local resident employee mandate on Detroit arena
Companies were only able to meet half of the 51% local worker requirement over course of the project.
Codes and Standards | Mar 28, 2018
Washington State moving to promote mass timber construction with legislation
Bill would require all 12-story or less public buildings to be built with mass timber.
Codes and Standards | Mar 27, 2018
Los Angeles appoints its first chief design officer
Responsibility for enhancing civic architecture and urban design.
Codes and Standards | Mar 26, 2018
National Roofing Contractors Assn., releases updates to its Roof Wind Designer app
Significant changes to online wind-load calculator.
