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MEASUREMENT STANDARDS
GLOBAL CONSISTENCY IN
PRESENTING CONSTRUCTION
COST
BY
RUYA TAMBAYA FADASON FNIQS,
Member of ICMS SSC
More accountable
7
Largest negative accounting revisions to net profits in US, $BN
(Source: The Economist) 6
0
Year 2 4 6 8 10 12 14
Standards work and accounted for 17 % of the labour productivity growth rate and
about 9 % of the growth rate in economic output (real GDP) over
construction needs the 1981 to 2004 period. If there had been no growth in standards
in this period, real GDP would have been CDN 62 billion lower.
them. (Source: Canadian Government)
Construction
Valuation
and Ethics
(IVS/IES)
Land Property
(ILMS) (IPMS)
Reinventing Construction: A
Route to Higher Productivity
Concluding comments:
One of the three key challenges for the Authority and departments during this Parliament are to:
Leading to:
• Under-investment in
construction projects
• Time and cost overruns
BSIJ AIQS
AAQS NIQS CEC CECA
ASAQS REIB IQSI HKIS
IBEC GhIS IQSK KIQS IIQS
SMIEFC ISK ISU PICQS NZIQS
UNEC RISM PINZ
SIBL SISV
IQSSL PINZ
PAQS
ICEC
FIG
CASLE
• Custodian
• Appoint SSC STANDARDSETTINGCOMMITTEE
• Promotion &
Communication
• Promote
application of ICMS • Independence
• Developing & setting
standard
• Receive & collate
feedbacks
Steering Group
Drafting Group
Writing the standard
Link to ICMS 1
IPMS/ Management level and Civil
UN SIC/ Engineering & Infrastructure
BIM
ICMS 2
Management level and
Buildings
• Publication of the
standard: July 2017
www.icms-coalition.org