Standard already being rolled out by some firms, including Arup
The RICS will publish the first ever global standard for construction measurement this summer.
Speaking to 好色先生TV at Mipim, the RICS鈥� chief executive Sean Tompkins (pictured) said the standard will provide 鈥渃onsistency鈥� on project costs worldwide.
Tompkins said: 鈥淭here鈥檚 never been a more important time for people to understand the real cost in construction.鈥� He added that some clients and construction firms were already using the standard, including engineer Arup.
His comments came as the RICS launched conflicts of interest guidance for surveyors at the Mipim event, outlining practice it deems acceptable and not.
Tompkins also highlighted that the professional body, which turns 150 next year, has reacently launched a conflict avoidance service for construction firms to help resolve disputes before they reach court.
Tompkins said it was 鈥渃ritical鈥� for the industry as 鈥渢he last thing people can afford is everyone getting their lawyers and going to court every time something doesn鈥檛 quite go right. You鈥檒l never get anything built.鈥�
He added that the body was working closely with TfL to speed up conflict resolution on major infrastructure projects.
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