16 reactions | The 1st ed. of #ICMS provides an international standard for capital cost reporting. However, clients & governments are now incorporating life cycle costs into their project decisions. So we’ve introduced #ICMS 2nd ed. Read more: https://bit.ly/2GE1blO | RICS | Facebook

ICE, along with over 40 organisations, are behind the new global International Construction Measurement Standards (ICMS) which launched this week. The ICMS introduces a standard structure and format that will lead to greater consistency in classifying and reporting of capital costs for construction projects globally. Read more: https://www.ice.org.uk/news-and-insight/latest-ice-news/icms-launch-to-improve-construction-costs-report | Institution of Civil Engineers