{"id":22586,"date":"2016-12-12T09:25:11","date_gmt":"2016-12-12T14:25:11","guid":{"rendered":"http:\/\/www.constructionspecifier.com\/?p=22586"},"modified":"2016-12-12T09:25:11","modified_gmt":"2016-12-12T14:25:11","slug":"feedback-requested-on-new-global-construction-investment-standard","status":"publish","type":"post","link":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/","title":{"rendered":"Feedback requested on new global construction investment standard"},"content":{"rendered":"
\"To
To facilitate creation of consistent construction investment standards, the International Construction Measurement Standards (ICMS) Coalition is calling for comments on its draft.<\/span>
Photo \u00a9 BigStockPhoto<\/em><\/figcaption><\/figure>\n

Public consultation for the International Construction Measurement Standards (ICMS) launched last month, a step intended to help the ICMS Coalition<\/a>\u2014a group of more than 40 professional bodies\u2014improve consistency across the global construction industry.<\/p>\n

With almost $78 trillion estimated to be spent on global infrastructure between 2014 and 2025, it is becoming more and more crucial to curb risk factors such as the miscommunication caused by inconsistent industry standards. This pressure, in addition to that generated by growing investment demand and lower public spending, is prompting industry leaders to formulate a new approach to building and civil engineering project cost calculation.<\/p>\n

Creating a universal cost measurement system will better equip the industry to overcome barriers to effective decision-making and investment. The ICMS Coalition is beginning this process with two steps: calling for professionals to incorporate common standards into construction investments, and inviting industry stakeholders to comment<\/a> on the draft standard.<\/p>\n

\u201cThis draft international standard presents huge opportunities for the global cost management profession. The current lack of consistency in construction leads to misunderstanding and uncertainty which inhibits sounds investment decisions,\u201d says Ong See Lian, who chairs the ICMS Coalition Standard Setting Committee (SSC). \u201cWe\u2019ve worked hard to get the new standard to this point and we now need to hear from cost consultants, quantity surveyors, and civil engineers around the world.\u201d<\/p>\n

Comments may be submitted until January 13.<\/p>\n","protected":false},"excerpt":{"rendered":"

Public consultation for the International Construction Measurement Standards (ICMS) launched last month, a step intended to help the ICMS Coalition\u2014a group of more than 40 professional bodies\u2014improve consistency across the global construction industry.<\/p>\n","protected":false},"author":1836,"featured_media":22587,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1029],"tags":[2425,2390,1759],"class_list":["post-22586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-spending","tag-infrastructure","tag-standards","entry"],"acf":[],"yoast_head":"\nFeedback requested on new global construction investment standard - The Construction Specifier<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Feedback requested on new global construction investment standard - The Construction Specifier\" \/>\n<meta property=\"og:description\" content=\"Public consultation for the International Construction Measurement Standards (ICMS) launched last month, a step intended to help the ICMS Coalition\u2014a group of more than 40 professional bodies\u2014improve consistency across the global construction industry.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/\" \/>\n<meta property=\"og:site_name\" content=\"The Construction Specifier\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-12T14:25:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/12\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"599\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Carly Midgley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carly Midgley\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/\"},\"author\":{\"name\":\"Carly Midgley\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#\\\/schema\\\/person\\\/b70033b703868965f86aed130f7abb00\"},\"headline\":\"Feedback requested on new global construction investment standard\",\"datePublished\":\"2016-12-12T14:25:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/\"},\"wordCount\":264,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg\",\"keywords\":[\"Construction Spending\",\"Infrastructure\",\"Standards\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/\",\"name\":\"Feedback requested on new global construction investment standard - The Construction Specifier\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg\",\"datePublished\":\"2016-12-12T14:25:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg\",\"contentUrl\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2016\\\/12\\\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg\",\"width\":900,\"height\":599,\"caption\":\"To facilitate creation of consistent construction investment standards, the International Construction Measurement Standards (ICMS) Coalition is calling for comments on its draft. Photo \u00a9 BigStockPhoto\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/feedback-requested-on-new-global-construction-investment-standard\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.constructionspecifier.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Feedback requested on new global construction investment standard\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#website\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/\",\"name\":\"The Construction Specifier\",\"description\":\"Solutions for the Construction Industry\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.constructionspecifier.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#organization\",\"name\":\"The Construction Specifier\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/CS_Logo_BW_LR.jpg\",\"contentUrl\":\"https:\\\/\\\/www.constructionspecifier.com\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/CS_Logo_BW_LR.jpg\",\"width\":288,\"height\":70,\"caption\":\"The Construction Specifier\"},\"image\":{\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.constructionspecifier.com\\\/#\\\/schema\\\/person\\\/b70033b703868965f86aed130f7abb00\",\"name\":\"Carly Midgley\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g\",\"caption\":\"Carly Midgley\"},\"url\":\"https:\\\/\\\/www.constructionspecifier.com\\\/author\\\/carly_midgley\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Feedback requested on new global construction investment standard - The Construction Specifier","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/","og_locale":"en_US","og_type":"article","og_title":"Feedback requested on new global construction investment standard - The Construction Specifier","og_description":"Public consultation for the International Construction Measurement Standards (ICMS) launched last month, a step intended to help the ICMS Coalition\u2014a group of more than 40 professional bodies\u2014improve consistency across the global construction industry.","og_url":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/","og_site_name":"The Construction Specifier","article_published_time":"2016-12-12T14:25:11+00:00","og_image":[{"width":900,"height":599,"url":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/12\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg","type":"image\/jpeg"}],"author":"Carly Midgley","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Carly Midgley","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/#article","isPartOf":{"@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/"},"author":{"name":"Carly Midgley","@id":"https:\/\/www.constructionspecifier.com\/#\/schema\/person\/b70033b703868965f86aed130f7abb00"},"headline":"Feedback requested on new global construction investment standard","datePublished":"2016-12-12T14:25:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/"},"wordCount":264,"commentCount":0,"publisher":{"@id":"https:\/\/www.constructionspecifier.com\/#organization"},"image":{"@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/#primaryimage"},"thumbnailUrl":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/12\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg","keywords":["Construction Spending","Infrastructure","Standards"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/","url":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/","name":"Feedback requested on new global construction investment standard - The Construction Specifier","isPartOf":{"@id":"https:\/\/www.constructionspecifier.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/#primaryimage"},"image":{"@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/#primaryimage"},"thumbnailUrl":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/12\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg","datePublished":"2016-12-12T14:25:11+00:00","breadcrumb":{"@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/#primaryimage","url":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/12\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg","contentUrl":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2016\/12\/bigstock-Construction-Worker-Or-Foreman-5852139.jpg","width":900,"height":599,"caption":"To facilitate creation of consistent construction investment standards, the International Construction Measurement Standards (ICMS) Coalition is calling for comments on its draft. Photo \u00a9 BigStockPhoto"},{"@type":"BreadcrumbList","@id":"https:\/\/www.constructionspecifier.com\/feedback-requested-on-new-global-construction-investment-standard\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.constructionspecifier.com\/"},{"@type":"ListItem","position":2,"name":"Feedback requested on new global construction investment standard"}]},{"@type":"WebSite","@id":"https:\/\/www.constructionspecifier.com\/#website","url":"https:\/\/www.constructionspecifier.com\/","name":"The Construction Specifier","description":"Solutions for the Construction Industry","publisher":{"@id":"https:\/\/www.constructionspecifier.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.constructionspecifier.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.constructionspecifier.com\/#organization","name":"The Construction Specifier","url":"https:\/\/www.constructionspecifier.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.constructionspecifier.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/09\/CS_Logo_BW_LR.jpg","contentUrl":"https:\/\/www.constructionspecifier.com\/wp-content\/uploads\/2017\/09\/CS_Logo_BW_LR.jpg","width":288,"height":70,"caption":"The Construction Specifier"},"image":{"@id":"https:\/\/www.constructionspecifier.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.constructionspecifier.com\/#\/schema\/person\/b70033b703868965f86aed130f7abb00","name":"Carly Midgley","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/caeacaadbc68534b642cae2b16df4c17877b086817be90e56a0bef7d0c37de94?s=96&d=mm&r=g","caption":"Carly Midgley"},"url":"https:\/\/www.constructionspecifier.com\/author\/carly_midgley\/"}]}},"views":4343,"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/posts\/22586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/users\/1836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/comments?post=22586"}],"version-history":[{"count":3,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/posts\/22586\/revisions"}],"predecessor-version":[{"id":22590,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/posts\/22586\/revisions\/22590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/media\/22587"}],"wp:attachment":[{"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/media?parent=22586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/categories?post=22586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.constructionspecifier.com\/wp-json-v2\/wp\/v2\/tags?post=22586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}