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International Cost Management Standard (ICMS) 3 has recently been published by The Royal Institution of Chartered Surveyors (RICS) and will contribute positively to efforts to decarbonise the construction sector in the most cost-effective way. Through ICMS 3, professionals will, for the first time, be empowered to deliver a globally consistent method for carbon life cycle reporting across construction projects, from buildings and bridges to ports and offshore structures. 

Globally agreed by 49 prominent professional bodies as part of the ICMS Coalition, RICS has collaborated to develop and raise the standard of construction carbon and cost management to the public advantage. The solution will support sustainable investment strategies by bringing much needed transparency and cross-border comparability of embodied and operational carbon across the life cycle of construction projects. 

For further information and download ICMS 3 here.