A guide to standards in construction

Global leadership for international construction projects developed by the Royal Institute of Chartered surveyors.

The Royal institution of chartered surveyors – (RICS) has published international guidance to promote the highest standards in the construction industry around the world. The guide outlines the methodology of best practices, cost analysis and benchmarking in property projects and guides professionals in the analysis of the cost of real estate projects with the objective of ensuring balance between price and quality and compliance with the highest standards.

Cost analysis includes the distribution of the elements of the construction project and consists of conceptual modeling of the cost of construction, duration of construction and scope of work.

The main component of the project cost is construction cost, so the cost of construction is used as a benchmark to calculate the cost of the project and its values.

As a model of effective management of the company come from companies with a reputation for the best construction processes and marketing.

On the basis of the melon these companies are developed recommendations are made comparative analyses and mapping. Construction is not the same object. Each property is unique, even if externally the buildings look identical. The differences may relate to the depth and type of Foundation, various the type and thickness of floor, different characteristics of the walls.

All these differences can be defined in the programme of benchmarking. RICS for over 50 years, has a reputation as the most reputable company in the valuation of costs and fee analysis in the construction industry. The research conducted by RICS, unique and have great value in the international cost analysis and benchmarking.

The guide, developed by RICS, consolidates best practices in the field of construction, establishes a new system on the market to predict future cost and performance, is designed for global applications and will help in covering the key issues of design, cost, and effectiveness of any project worldwide.

® Helen Entree. 29.07.2013