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 | Sep 10, 2020
Fannie Mae programs provide incentives for multifamily solar
Affordable housing projects can find PV installations to be cost-effective.
Codes and Standards | Sep 9, 2020
Corporate pledges accelerate net-zero building movement
World Green Building Council drives goal of net-zero carbon emissions by 2050.
Codes and Standards | Sep 8, 2020
Study will examine elevator airflow amid COVID-19 pandemic
Researchers to investigate risk of airborne transmission.
Codes and Standards | Sep 4, 2020
Updated selection, application guide for plastic glazed skylights, sloped glazing released
Part of suite of skylight documents by Fenestration and Glazing Industry Alliance.
Codes and Standards | Sep 3, 2020
Turner Construction takes strong stand against racism
Shuts down work sites for anti-bias training.
Codes and Standards | Sep 2, 2020
California releases guide for state water policy
Water Resilience Portfolio is roadmap for meeting water needs as climate changes.
Codes and Standards | Aug 31, 2020
Fenestration alliance updates fenestration sealants guide
First update to 2009 document.
Codes and Standards | Aug 25, 2020
Platform will allow researchers to test energy system integration at scale
The U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) recently launched the Advanced Research on Integrated Energy Systems (ARIES) platform.
Codes and Standards | Aug 20, 2020
Wariness of elevators may stymie office reopening
Workers could balk at returning to high-rises.
Codes and Standards | Aug 19, 2020
Existing laws may be restricting efforts to cut carbon emissions
Outdated policies favor fossil fuels.
