An overview of the International Construction Measurement Standards (ICMS), together with the reasoning and theory behind them, with an example of how they've been practically applied to a live project.
Pending BQSM CPD points
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Collecting, collating and analysing data is a key deliverable of all construction projects. Consistent practice in presenting construction costs globally will bring significant benefits to construction cost management. Globalisation of the construction business has increased the need to make meaningful comparative analysis between countries.
To date, organisations and firms have been able to collect, collate and analyse their own data, but have not been able to efficiently compare the data because no common framework has existed.
ICMS is a cost classification system that provides a unified framework to compare data across organisations, projects and markets. It provides global consistency in classifying, defining, measuring, analysing and presenting entire construction costs at a project, regional, state, national or international level.
Based in Malaysia, Dainna has spent several working periods in London, Dublin and Dhaka. She earned her membership to the RICS in 1992 and was made a Fellow in 2014. She is a qualified APC Assessor and is a cost-prediction committee member of the RICS Global Professional Statement. She is also a part of the International Construction Measurement Standard (ICMS) Standard Setting Committee.
An active member of the Royal Institution of Surveyors Malaysia (RISM) since 1992, Sr Dainna also received RISM Fellowship in 2014. She has held numerous positions within the organisation, including office bearer of the RISM QS Division and RISM Council.
Sr Dainna had been a registered QS with the Board of Quantity Surveyors (BQSM) since 1994. Currently, she serves as a Board Member of the Board of Quantity Surveyors Malaysia and Board of Architects Malaysia.
ICMS was developed by the ICMS Coalition and is the product of a collective effort by a group of international professional bodies. This collective brought together numerous organisations from around the world to create shared international standards for presenting entire construction costs. This globally-recognised standard is set to revolutionise how construction projects are managed and reported.
RICS quantity surveyors and cost consultants can now deliver cost estimates and financial reports in line with ICMS. They will benefit from using this standard in their day-to-day work and passing on benefits to their clients by offering better cost benchmarking and comparisons between projects.