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BACKGROUND
ICMS aims to provide global consistency in classifying, defining, measuring, analysing and presenting
entire construction costs at a project, regional, state, national or international level.
A non-governmental, not-for-profit, professional Coalition led by RICS has come together to create a
shared standard. Its 44 members have confirmed their commitment to encourage world markets to
accept and adopt ICMS as the primary standard for presenting construction costs across different
nations in a consistent way.
The Coalition formed a Standard Setting Committee served by technical experts from 16 countries
and a combined expertise covering 47 different markets to draft the Standard. The resulting
International Construction Measurement Standard is a cost classification system that allows:
THE STANDARD
The Standard currently encompasses 13 project categories, each identifying a different type of
construction project, and a template against which costs can be recorded, analysed and reported.
Twelve of the 13 categories are civil engineering works.
The Standard offers a hierarchical framework of four levels against which costs can be classified,
measured, recorded, analysed and presented:
The composition of Levels 2 and 3 is the same for all Projects and Sub-Projects, although discretion
is allowed in the contents of Level 4. Examples of the contents of Level 4 are given in the
Appendices.
The Standard provides definitions, scope, attributes and values, units of measurement and
explanatory notes for each type of Project. It provides guidance on:
ICMS FRAMEWORK
Level 1: Projects or Sub- Level 2: Cost Level 3: Cost Level 4: Cost Sub-
Projects Categories Groups Groups
(Discretionary)
Buildings
Roads and
Cost Sub-Group
motorways
Cost Group
Capital
Construction
Railways Costs Cost Sub-Group
Cost Group
Waste water
treatment
works
Pipelines
Provision for costs-
in-use to be added
at a later date
Well drilling
Power-
generating
plants
Chemical
plants
Refineries
Provision for
further types of
Project to be
added at a later
date
CONSULTATION PROCESS
The second public draft of the Standard was issued for consultation on 13 March, and can be
accessed at:
https://icms-coalition.org/consultation/
It is important that the final document incorporates the views of as wide an audience as possible if it
is to command international credibility. All members are therefore encouraged to access the
document and provide feedback.
Malcolm Horner
15 March 2017