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.
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.
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.
The role of ICMS