Since publication in July 2017, the International Construction Measurement Standards (ICMS) have provided a single methodology for reporting, grouping and classifying construction project costs. In response to industry feedback following the publication of the first edition of ICMS, the ICMS Coalition have introduced and are now seeking feedback on a second edition which incorporates life cycle costs. The second edition will enable practitioners to classify costs across the whole project life cycle, eliminating inconsistencies and discrepancies when accounting, comparing and predicting project finances.
This consultation on the 2nd edition of ICMS closes on 22 March 2019.
The Code provides a standard basis for the sub-division of costs and for measurement of basic quantities of buildings for pan-European budgeting, comparison and analysis at management level.
For more information on the European Code of Measurement, go to our Projects page.
A cost model which allows comparisons of construction costs between the member’s countries. The model is based on a set of agreed measurements and quantities which reflect the key materials/structure of a typical office building.
For more information on the Office Cost Model, go to our Projects page.
Survey in different countries in Europe concerning how budgets for infrastructure projects are prepared and how satisfactory they are.
For more information on the Infrastructure Cost Planning project, go to our Projects page.