The Standard

A new global standard for transforming construction cost.

The International Construction Measurement Standards (ICMS) Coalition are pleased to publish the final version of the ICMS standard.

45 other organisations from around the world have joined together to create a new universal system that, for the first time, enables global comparison of construction project costs on a like-for-like basis between countries. The launch marks the culmination of two years’ collaboration between the Coalition and 27 experts on the Standards Setting Committee.

Download the standard

pdficon_small International Construction Measurement Standards: Global Consistency in Presenting Construction Costs (English) – July 2017

pdficon_small 国际建设项目计量标准:全球统一建设项目费用构成标准 (Chinese)

Arup, Arcadis, Gardiner and Theobold, Faithful+Gould, Turner & Townsend and Gleeds are among leading organisations publically announcing their support for ICMS by registering as ICMS “Partners” committing to its future use. The new standard enables better comparison in order to improve investor confidence and attract more private sector funding.

Feedback process

Since first meeting at the International Monetary Fund in Washington DC in 2015, the ICMS Coalition has led three public consultations; the draft standard has been downloaded thousands of times and hundreds of professionals from around the world have gave feedback.

pdficon_small Responses to consultations and basis for conclusions

ICMS in practice

The below documents represent a selection of live examples where the presentation of the cost classification data is illustrated in a form that aligns with this ICMS standard. They have been adjusted as necessary to suit local circumstances.

The examples are taken from projects in Australia, Malaysia and Turkey.

The role of ICMS