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Global adoption of the International Cost Management Standards (ICMS 3rd edition) grows.

A world first for cost and carbon management, from concept to completion and beyond, the 3rd edition of the International Cost Management Standards (ICMS) benefits all built environment stakeholders who wish to reduce carbon cost-effectively for compliance, market, and societal reasons and drive innovation in low carbon designs and solutions. Since its launch in 2021, ICMS 3rd edition has empowered professionals to use a globally consistent framework for classifying, defining, recording, analysing, presenting, and comparing life cycle cost and carbon across assets, from buildings and bridges to ports and offshore structures. Various government bodies, international firms, and professional institutions have adopted and supported it globally.

Recently the Irish Government, as part of the forthcoming amendments to its suite of Public Works Contracts, announced the adoption of ICMS 3rd edition. The announcement was made jointly by Paschal Donohoe TD, Minister for Public Expenditure, National Development Plan Delivery and Reform, and Ossian Smyth T.D., Minister of State responsible for Public Procurement and eGovernment.
In a statement, Minister Smyth said, "The reporting structure provided by ICMS will enable decisions to be taken on the basis of the total cost of ownership including the environmental impacts of decisions with respect to material selection, foundation design and energy use and production. Combined with the data handling capacity of BIM and the availability of greater levels of information on materials and building components, contracting authorities and their project teams can review a project's environmental standing at all stages of its delivery lifecycle with ICMS. The information recorded can be used in the lifecycle of the asset to support decisions around sustainability and the circular economy."

Also, Building Transparency, the developer of the embodied carbon calculation tool called EC3 (Embodied Carbon in Construction Calculator), recently announced the availability of ICMS 3rd edition in their tool. Users can now classify their estimates using Levels 2 and 3 of the ICMS 3rd edition and produce ICMS reports directly from EC3. Building Transparency is a nonprofit started with the initial support of Microsoft, MKA Foundation, Charles Pankow Foundation, Interface, Skanska USA, and The Carbon Leadership Forum. EC3 has over 35,000 users from over 30 countries with over 115,000 EPDs.
Simultaneously Autodesk announced the availability of ICMS in their globally used Autodesk Construction Cloud, a cloud-based construction management software. With the Autodesk Construction Cloud integration, quantity surveyors and cost managers can compare carbon impacts with costing data following ICMS 3rd edition.

Here are some useful links:

Can Quality 4.0 be an effective Driver of improved Programme and Project Management?  Head over to read the latest blog posting from committee member, Louis Redding.  

Louis has also produced an overview on Leveraging digital twins for advanced project management

6th June - Careers in Project Controls - Zoom webinar - please see recording below:


Our colleagues in ACostE have produced their diary of meetings and events right up to 2028.   Click on the pdf below to download: