International Construction Measurement Standards (ICMS)

 

What is the International Construction Measurement Standards (ICMS)?

The International Construction Measurement Standards (ICMS) is a cost classification system which provides a structure and format for classifying, defining, measuring, analysing and presenting construction costs that will provide consistency and transparency across international boundaries.

It was launched recently by the International Construction Measurement Standards Coalition which is represented by a wide range of professional organisations around the world such as the Royal Institution of Chartered Surveyors (RICS)Australian Institute of Quantity Surveyors (AIQS)Indian Institute of Quantity Surveyors (IIQS)Institution of Civil Engineers (ICE) to name a few.

The ICMS can be downloaded here.

Why was it launched?  Continue reading