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
Energy | Sep 13, 2016
Oberlin College to hold conference on post-fossil fuel economy
The gathering will address climate change and new sources of energy.
Industry Research | Sep 12, 2016
Evidence linking classroom design to improved learning mounts
A study finds the impact can be as much as 25% per year.
Legislation | Sep 8, 2016
Half of U.S. states now allow design-build on public projects
Missouri is the latest to enact design-build legislation.
Codes and Standards | Sep 8, 2016
Vapor intrusion risk addressed in new ASTM guide update
The updates address industry confusion over how to handle the issue.
BIM and Information Technology | Sep 7, 2016
Energy Star Portfolio Manager tool updated to factor in waste management
The costs and benefits of managing 29 types of waste are now included.
Wood | Sep 6, 2016
Atlanta suburb prohibits wood-framed construction for high rises
The new building code prevents any structure with more than three stories from being built from a CLT frame.
Codes and Standards | Sep 1, 2016
Overuse of air conditioning hurts office productivity
A study found temperatures in the low 70s reduce worker performance.
Regulations | Aug 31, 2016
FEMA wants to toughen flood regulation on projects using federal funds
The proposal ‘would essentially rewrite the current 100-year flood standard.’
Sustainability | Aug 30, 2016
New federal project plans must include climate impacts
Agencies must quantify the specific impacts when possible.
Green | Aug 29, 2016
Vancouver, B.C., to require zero emissions on new buildings by 2030
No net GHG emissions will be allowed.