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“It's cost categorization for all the costs that go into a project to build something – any infrastructure project. And we are defining infrastructure in the widest possible way – so building, roads, and cities. And what it does is it provides the categories for cost spend, so that they can be compared. It’s very simple!”

“What’s unique about this project is that it’s international. And that it’s a partnership of many different organizations, so it will be implemented consistently around the world.”

Please Like and Share to encourage world markets to accept and adopt ICMS as the primary standards for presenting construction costs across different nations in a consistent way.

Visit the ICMS Coalition website today to learn more about ICMS and download the new ICMS Standard: https://icms-coalition.org/

The Coalition members at the date of publication are:

  • Africa Association of Quantity Surveyors (AAQS)
  • Association for the Advancement of Cost Engineering International (AACE)
  • Association of Cost Engineers (ACostE)
  • Association of South African Quantity Surveyors (ASAQS)
  • Australian Institute of Quantity Surveyors (AIQS)
  • Brazilian Institute of Cost Engineers (IBEC)
  • Building Surveyors Institute of Japan (BSIJ)
  • Canadian Institute of Quantity Surveyors (CIQS)
  • Chartered Institute of Building (CIOB)
  • Chartered Institution of Civil Engineering Surveyors (ICES)
  • China Electricity Council (CEC)
  • China Engineering Cost Association (CECA)
  • Commonwealth Association of Surveying and Land Economy (CASLE)
  • Conseil Europeen des Economistes de la Construction (CEEC)
  • Consejo General de la Arquitectura Técnica de España (CGATE)
  • Dutch Association of Quantity Surveyors (NVBK)
  • European Federation of Engineering Consultancy Associations (EFCA)
  • Federation Internationale des Geometres (FIG)
  • Ghana Institution of Surveyors (GhIS)
  • Hong Kong Institute of Surveyors (HKIS)
  • Ikatan Quantity Surveyor Indonesia (IQSI)
  • Indian Institute of Quantity Surveyors (IIQS)
  • Institute of Engineering and Technology (IET)
  • Institute of Quantity Surveyors of Kenya (IQSK)
  • Institute of Quantity Surveyors Sri Lanka (IQSSL)
  • Institution of Civil Engineers (ICE)
  • Institution of Surveyors Kenya (ISK)
  • Institution of Surveyors of Uganda (ISU)
  • International Cost Engineering Council (ICEC)
  • Italian Association for Total Cost Management (AICE)
  • Korean Institution of Quantity Surveyors (KIQS)
  • New Zealand Institute of Quantity Surveyors (NZIQS)
  • Nigerian Institute of Quantity Surveyors (NIQS)
  • Pacific Association of Quantity Surveyors (PAQS)
  • Philippine Institute of Certified Quantity Surveyors (PICQS)
  • Property Institute of New Zealand (PINZ)
  • Real Estate Institute of Botswana (REIB)
  • Royal Institute of British Architects (RIBA)
  • Royal Institution of Chartered Surveyors (RICS)
  • Royal Institution of Surveyors Malaysia (RISM)
  • Singapore Institute of Building Limited (SIBL)
  • Singapore Institute of Surveyors and Valuers (SISV)
  • Sociedad Mexicana de Ingeniería Económica, Financiera y de Costos
  • Society of Chartered Surveyors Ireland (SCSI)
  • Union Nationale des Economistes de la Construction (UNTEC)