RICS INTRODUCES GLOBAL GUIDANCE FOR CONSTRUCTION PROJECTS

The royal institution of character surveyors (RICS) has published international guidance to promote the highest standards in construction projects across the world.

The London based organization guidance outlines a methodology for best practice, cost analysis and benchmarking in property project and guide professional through the process of analyzing property costs to ensure value for money, quality and the highest international standard are attained. For this reason, construction cost is used as a bench mark for calculating project cost and value.