Richard Stokes, Head of Global Corporate Affairs at RICS has recently spoken about the Global coalition formed to unify construction measurement standards:

“More than 30 professional bodies from around the world, including RICS, met last week at the International Monetary Fund (IMF) in Washington D.C. to launch a major initiative which seeks to create international standards in construction measurement.

The International Construction Measurement Standards (ICMS) Coalition was established by non-profit organisations representing professionals in more than 140 countries. Collectively, the group aims to create overarching international standards that will harmonise cost, classification and measurement definitions in order to enhance comparability, consistency and benchmarking of capital projects.

The work to draft and consult on ICMS will be led by an independent committee of construction experts, due to be appointed by the coalition in the coming weeks.

The coalition has stated its ambition to make tangible progress immediately and to deliver an internationally agreed and adopted standard in the near future.”

For the full article on the RICS website visit http://www.rics.org/uk/news/news-insight/press-releases/global-coalition-formed-to-unify-construction-measurement-standards/