ICMSCosts adopts the RICS Data Standard
Will Myles, 3 weeks ago in NewsICMSCosts has now fully incorporated the RICS Data Standard, a standardized data schema created by the Royal Institution of Chartered Surveyors (RICS) for the built asset industry, incorporating real estate and infrastructure.
The built asset industry has long suffered from fragmented systems, inconsistent terminology, manual spreadsheet transfers, duplicated data and incompatible software.
To overcome this, the RICS Data Standard defines a common structure and vocabulary for capturing, exchanging, and managing real estate and infrastructure data across systems and organizations – enabling interoperability, data quality, consistency, and automation in real estate workflows.
With the RICS Data Standard at its core, ICMSCosts cost and carbon data is readily available and interchangeable with end-users and practitioners across industry.
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ICMSCosts provides life-cycle cost and carbon benchmarking using the ICMS3 standard for cost reporting. Our dataset draws on over 20,000 publicly available reference costs covering over 170 countries - with built-in cost indices, location factors and cost comparator searches. We work with our clients on their life-cycle cost and carbon data, as better data enables better decision-making.
To find out more about ICMSCosts and how we can support your organization, email us at info@wellsdataservices.com.