ABOUT ICMS  International Construction Measurement Standards

The International Construction Measurement Standards Coalition (ICMSC) is a growing group of more than 40 professional and not-for-profit organisations from around the world, working together to develop and implement international standards for benchmarking, measuring and reporting construction project cost.

The International Construction Measurement Standards (ICMS) Coalition are pleased to publish the second edition 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.

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.

Responding to industry feedback, the ICMS Coalition is updating the standard to incorporate life-cycle costs enabling practitioners to classify construction costs across the whole project life cycle.

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

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