ICMS 3rd Edition
The ICMS third and Final edition has been issued recently, and an abridged version of the press release together with a copy of the Standard is attached. The IET Project Controls Network are founder members and part owners of the ICMS Standards. The second edition of ICMS extended the scope of the first edition to encompass life cycle costs, reflecting the pivotal role they play in the financial management of construction projects around the world. This third edition recognises the criticality of reducing greenhouse gas emissions if a disaster caused by global climate change is to be averted. In ICMS, greenhouse gas emissions are measured in terms of carbon dioxide (CO2) equivalent, and for simplicity, referred to throughout as ‘carbon emissions’. By providing a common reporting framework…