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
| Aug 16, 2012
Public sector pushes sustainable building forward
Not usually noted for its innovation, the public sector has done the most to advance sustainable building, according to a recent panel of green building professionals.
| Aug 16, 2012
Canada’s first net-positive building under construction in Milton, Ontario
The GreenLife Business Centre in Milton, Ontario near Toronto is set to become the first net-positive energy building in Canada.
| Aug 9, 2012
St. Paul cannot adopt overly restrictive egress windows policy, court rules
The Minnesota state Court of Appeals rejected St. Paul's attempt to adopt a policy on egress windows that was stricter than state law.
| Aug 9, 2012
Fire chief questions building code after St. Louis apartment building fire
A blaze that destroyed a 197-unit apartment building in St. Louis, Mo., displacing 250 residents, led the city’s fire chief to question the materials used in the construction of the four-story building.
| Aug 9, 2012
Ramps have strict criteria for ADA compliance
It is important for businesses to understand that an existing ramp at a building entrance may not mean that barrier removal obligations under the Americans with Disabilities Act have been met.
| Aug 9, 2012
ClickSafety, AGC provide online training program for construction professionals
Construction professionals will be able to take a wide range of mandatory and optional safety training programs online through a new collaboration between the Associated General Contractors of America and ClickSafety.
| Aug 9, 2012
Tornado-ravaged Greensburg, Kansas’s new green buildings save $200K a year
The town of Greensburg, Kan., virtually destroyed by a tornado in 2007, decided to rebuild 13 public buildings according to green standards.
| Aug 2, 2012
FBI investigates Turner, Tishman, Skanska, and Plaza Construction for billing practices on public projects in New York
After charges filed against Bovis Lend Lease in April led to an admission of guilt and $56 million in fines for overbilling clients, federal prosecutors are investigating the billing practices of four more New York City construction firms, according to reports.
| Aug 2, 2012
Court ruling may lead to more destructive testing on unfinished Harmon Tower in Las Vegas
A Clark County, Nevada district court judge ruled that the unfinished Harmon Hotel at CityCenter, operated and half-owned by MGM Resorts, could not use extrapolation when requesting damages at a possible trial.
| Aug 2, 2012
NIBS council recommends private and public measures to improve building sustainability
A new report by the National Institute of Building Sciences Consultative Council highlights four several areas that need focus to improve sustainability in buildings and infrastructure.
